Amazon’s cloud business, AWS, is showing signs of decelerating growth which has spooked investors. Despite short-term uncertainty resulting from industrywide challenges, the AWS segment seems well-positioned to grow through 2030. Amazon.com ( NASDAQ:AMZN ), the largest e-commerce company in the world, is also a leading player in the cloud computing market. The slowdown in the Amazon Web Services (AWS) segment in recent quarters has created negative investor sentiment toward the tech giant, but this presents a good opportunity for long-term-oriented investors to cash in. The company will take a hit from challenging macroeconomic conditions in the short run, but Amazon still has years of growth ahead. For this reason, I am bullish on Amazon. AWS Segment Outlook Although Amazon has built its reputation around the e-commerce business, AWS, its cloud business, is the most profitable business segment. For context, the North America segment and the International segment reported operating losses of $200 million and $2.2 billion, respectively, in Q4, while the AWS segment reported an operating profit of $5.2 billion. The AWS segment is still the smallest segment of the company from a revenue perspective despite contributing to the bulk of operating profits, which highlights the highly profitable nature […]