The European Commission wants to investigate whether Amazon Web Services, Microsoft Azure, and Google Cloud fall under the Digital Markets Act. After large-scale cloud outages, concerns are growing about the dominance of three major players in the cloud market. This is according to Bloomberg, based on sources. The investigation follows several major outages in the cloud sector. Last month, an Amazon services outage affected hundreds of companies.
Amazon.com Inc. (NASDAQ: AMZN) is expected to post steady third-quarter gains powered by strong cloud, advertising, and retail performance. Apple Inc. (NASDAQ: AAPL) and Microsoft Corp (NASDAQ: MSFT) are both positioned for solid quarters - Apple benefiting from surging iPhone 17 demand and resilient Services revenue, while Microsoft extends its AI and cloud leadership through accelerating Azure momentum and heavy data center investments.
Google is like a dog with a bone over Microsoft's cloud licensing policies, not letting Euro regulators forget about what it sees as anti-competitive practices that penalize those wanting to run Windows software on rival cloud platforms. The ad and cloud tech giant says it has been a year since it filed a formal complaint with the European Commission about Microsoft, and seems frustrated with the progress - or lack of it.
Harvey has committed to a multi-year partnership with Microsoft, allocating $150 million to Azure, a strategic move strengthening their role in the legal tech space.