Economics
Cloud-Computing Giants Keep Growing Despite Slowdown Fears
- Amazon, Microsoft, Google report strong cloud sales growth
- Chipmakers had forecast weaker spending on data-center parts
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Cloud-computing companies have a message for skittish investors: demand is still booming.
Earnings reports from the biggest providers of internet-based computing services – Amazon.com Inc., Microsoft Corp., and Alphabet Inc.’s Google – showed that these companies are grabbing a larger share of business technology spending, defying warnings from some of their suppliers that a hot corner of the industry might be cooling off.