Amazon Stock Is a Victim of Microsoft’s Gloomy Outlook

Microsoft


‘s outlook was so worrisome, it’s knocking down the stocks of other cloud companies, including

Amazon


com.

While Microsoft’s latest quarterly results revealed strength in its cloud computing business, a gloomy outlook was getting the spotlight Wednesday and weighing on stocks across the sector. After such a brutal stretch for tech and with the Nasdaq still in a bear market, who can blame investors for being a bit pessimistic?