Amazon shares slide on disappointing forecast, slowing cloud revenue
1. Amazon's Q1 cloud revenue growth missed expectations, impacting shares negatively. 2. AWS revenue grew 16.9%, below the 17.4% forecast, marking slowest growth in five quarters. 3. Amazon projects Q2 sales above estimates, signaling potential recovery amidst tariff concerns. 4. CEO reassures on demand stability, despite looming tariffs affecting consumer prices. 5. Online ad sales surged 19%, indicating strong market position behind Meta and Alphabet.