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Editor’s note: The story has been updated to include Amazon’s response.
Amazon.com Inc. (NASDAQ:AMZN) has denied reports that a major outage disrupted its retail platform and cloud unit, Amazon Web Services, on Wednesday, despite data from Downdetector showing a surge in outage reports.
Amazon's stock closed at $250.20 on Wednesday, up 0.35%, but slipped 0.36% to $249.30 in after-hours trading, according to Benzinga Pro.
Amazon, in a statement to Benzinga, denied reports of an outage on its AWS platform.
Amazon services were down for thousands of users across the U.S. on Wednesday, according to outage tracking website Downdetector.com. At its peak, more than 6,000 incidents were reported before quickly dropping to around 100, suggesting a broad recovery.
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Downdetector, which compiles user-submitted outage reports, indicated that the issues also affected a small portion of Amazon Web Services customers.
In October, AWS faced an outage that disrupted thousands of websites globally, from e-commerce platforms to financial services.
Technology analysts have warned that such incidents could become more disruptive as businesses increasingly depend on AI tools hosted on these cloud systems.
A McKinsey & Company survey found that 78% of firms now use AI in at least one business function, up from 55% a year earlier — underscoring the growing risks of cloud concentration.
Benzinga's Edge Stock Rankings show that the stock continues to demonstrate a solid upward trend across short, medium and long-term time frames. Click here for a comprehensive comparison with its peers and competitors.
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Photo: ACHPF via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Posted In: AMZN
