3
Amazon.com shares fell 2% on Friday after the tech giant reported lackluster cloud revenue growth, amplifying investor concerns that Big Tech’s massive artificial intelligence investments were taking longer to deliver returns. The results echoed the slowdown at Microsoft and Alphabet-owned Google, and highlighted how U.S. cloud-computing giants were struggling to scale AI as infrastructure bottlenecks cap growth, forcing them to invest billions in data centers with little short-term payoff.
Scrutiny over AI spending has also increased since China’s…
