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AWS Expands Cloud Footprint Amid Growing Market Competition

9/11/2025

Summary

Story summary

Amazon Web Services (AWS) partnered with South Africa's Absa Group to strengthen its cloud presence in Africa, competing with Microsoft Azure and Google Cloud.
AWS plans to add 10 new Availability Zones and three regions in Chile, Saudi Arabia, and Europe.
AWS reported $30.9 billion in Q2 2025 revenue, a 17.5% growth, but its market share fell to 30%.
The global cloud computing market is expected to reach $1.9 trillion by 2030, growing at an 18.7% CAGR.
Amazon's stock holds a "Hold" rating, with a projected earnings increase of 10.85% for 2025.

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Story summary

Amazon Web Services (AWS) partnered with South Africa's Absa Group to strengthen its cloud presence in Africa, competing with Microsoft Azure and Google Cloud.
AWS plans to add 10 new Availability Zones and three regions in Chile, Saudi Arabia, and Europe.
AWS reported $30.9 billion in Q2 2025 revenue, a 17.5% growth, but its market share fell to 30%.
The global cloud computing market is expected to reach $1.9 trillion by 2030, growing at an 18.7% CAGR.
Amazon's stock holds a "Hold" rating, with a projected earnings increase of 10.85% for 2025.