Amazon is still the biggest cloud provider. But amid the AI boom, analysts wonder if Microsoft is catching up.

The dominant position of Amazon and Microsoft in cloud computing is harming competition, with their impact exacerbated by technical and commercial barriers to switching, an inquiry group from Britain's antitrust regulator said.

The tech giant expects total net sales to be between $174.0 billion and $179.5 billion in the third quarter, compared with analysts’ average estimate of $173.08 billion.