Amazon’s (AMZN +0.86%) cloud computing segment, Amazon Web Services (AWS), is arguably its most important unit right now. It is growing its sales faster than the rest of the business, is responsible for most of its operating profits, and given the large remaining opportunity in this niche, AWS could be a key growth driver for a long time. However, what will happen to Amazon as more corporations enter the cloud industry and seek to compete with AWS? Meta Platforms (META 1.79%), Facebook’s parent company, is reportedly exploring doing just that. Let’s discuss the potential implications for Amazon.
Image source: The Motley Fool.
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