Have you ever driven on the highway and traffic suddenly slows way down? And then after a little while it picks up again and you\u2019re cruising along thinking\u2026ok that was weird but it\u2019s clear sailing now\u2026only to find out in a bit that that traffic is building up again, forcing you to pump the brakes as the traffic patterns ebb and flow? Well welcome to the seesaw economy. The Fed induced fire that prompted a rally in tech is being purposely extinguished by that same Fed and virtually every sector of the tech industry is having to reset its expectations \u2013 including the cloud.\xa0
In this Breaking Analysis we\u2019ll review the implications of this week\u2019s earnings announcements from the big 3 cloud players. The growth of AWS and Azure slowed while Google Cloud Platform\u2019s growth accelerated. We\u2019ll explain why GCP\u2019s growth is still not fast enough. We\u2019ll update you on our quarterly IaaS forecasts and share the latest cloud survey data from ETR.