Read throughs from $MSFT's earnings on $AMZN Analysts at D. A. Davidson: *"we believe Azure’s performance offers: 1) a read-through for how the overall cloud market performed amid the pandemic (with strong usage but slowing sales growth) and 2) given AWS and Azure have two of the largest market shares, to what extent Azure’s cloud business is growing at a faster rate than that of AWS."*

*"Overall, we see COVID-19 as a catalyst for cloud usage, with companies accelerating their shift to digital and their employees working remotely. Our CIO survey and Azure’s June-quarter performance lead us to believe that while usage is higher, cloud computing sales growth is decelerating. Therefore, we see a greater opportunity for sales upside from Amazon in its 2Q20 results to come from its retail efforts and not AWS."*