Amazon.com shares fell nearly 8% in pre-market trading on Friday after the company’s latest earnings report revealed that growth in its cloud computing division, Amazon Web Services (AWS), fell short of investor expectations. While AWS remains the dominant player in the cloud market, its revenue growth slowed compared to previous quarters, sparking concerns about the unit’s long-term momentum. This underperformance contrasted sharply with the strong results posted by AI-driven rivals Microsoft and Alphabet, whose cloud segments saw robust gains fueled by surging demand for generative AI infrastructure. Investors appeared particularly disappointed by AWS’s latest performance, which came amid increasing competition from Google Cloud and Microsoft Azure. The decline in Amazon’s stock reflects broader market skepticism about the sustainability of its cloud growth trajectory, even as the company continues to lead in overall cloud market share. Analysts noted that while AWS still accounts for a significant portion of Amazon’s profits, the slowing pace of expansion has raised questions about how well the business can adapt to the rapidly evolving AI landscape.