An Amazon Prime delivery van outside the company's Seattle headquarters. (GeekWire File Photo / Kurt Schlosser) Amazon beat estimates for its

It’s the second major internet outage in as many weeks, and comes just before Microsoft’s quarterly earnings call

With AI boosting overall cloud demand, the perception that Amazon Web Services, or AWS, is losing market share to Microsoft and Google has weighed on Amazon stock, the William Blair analysts said Tuesday. Amazon stock is ahead just 3% year-to-date, significantly underperforming the S&P 500.

Amazon stock gained about 10% in after-hours trading. Here's what is driving the stock from the company's earnings report. The e-commerce giant said sales for the period rose 13%, to $180 billion. Net profit rose 39% to $21.

Amazon will report its quarterly earnings on Tuesday, following a massive AWS outage and amid concerns about its AI growth.

Amazon Web Services is debuting Amazon Quick Suite, a new agentic AI platform that automates business tasks and connects data across company systems — a direct challenge to Microsoft Copilot and Google Gemini in the digital workplace.

Each week of this month has seen a mass internet outage, from Vodafone, to Amazon Web Services and most recently Microsoft's Azure

Amazon is joining the ranks of big tech who have in the recent months shaved staffing strength as increased investment in AI reshapes the industry. Overall, at least 81,416 jobs have been directly impacted due to AI-led restructuring.