U.S. Markets open in 2 hrs 51 mins

Amazon on Target as Microsoft and Walmart Expand Cloud Deal

Naomi Gray
Amazon on Target as Microsoft and Walmart Expand Cloud Deal

Amazon (AMZN) is slated to release its second-quarter results on July 26. Microsoft (MSFT) narrowed the gap with Amazon in the cloud market in the first quarter by growing its share of the global cloud market to 13.0% from 10.0% a year earlier. Microsoft recently signed a broad multiyear cloud deal with Walmart (WMT) in escalating competition with Amazon.