Amazon Stock Drops. Microsoft’s Outlook Hits Cloud Stocks.

Microsoft


‘s outlook was so worrisome that 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?