Amazon investors fear AWS slowdown

 

1 Despite posting a solid Q1 earnings report and beating analysts' expectations by almost $3B, investors were more worried about an impending AWS growth slowdown. The company's share immediately fell 2.0% after CFO Brian Olavsky commented on customers potentially looking for alternatives to cut costs.

2 Still on AWS: Dark clouds have started to loom above the unit as it started the first round of layoffs. Earlier this year, Amazon announced it would cut a total of 27,000 jobs due to macroeconomic conditions and declining sales growth.

3 Amazon is all in on healthcare: after several major acquisitions in the field. The company announced a partnership with 3M to automate clinical documentation with artificial intelligence.

4 "Robots taking over the world" is apparently one of Amazon's concerns as the tech giant invested in Massachusetts-based robotics safety company Veo as part of the startup's $29M Series B round.

5 Several human rights organizations filed complaints against Amazon and other companies for "failure" to abide by Germany's Supply Chain Act. The law required companies mitigate social and environmental issues arising from their own and suppliers' operations.

6 Good news for developers: AWS is adding new features to its security monitoring service Guard Duty. The new features widen coverage and offer continuous improvements in machine learning, anomaly detection, and integrated threat intelligence.

7 Amazon is saying goodbye to Halo, its health-focused hardware division launched in 2020, in another cost-cutting effort. Customers who purchased or subscribed to the product in the last 12 months will be eligible for a full refund.