Amazon CEO Andy Jassy tried to calm concern about AI cloud competition. Wall Street isn't buying it.
1. Amazon shares fell 7% on cloud growth concerns. 2. AWS's 17% revenue growth lags behind Microsoft and Google. 3. CEO Jassy faced tough questions, leaving investors unsatisfied. 4. AWS has capacity issues that may take time to resolve. 5. Despite growth, AWS maintains a 30% market share.