Cloud growth report, Amazon's stock took a 7% hit following their latest earnings call.

-AWS remains the undisputed leader in cloud infrastructure, but here's what caught investors' attention: growth has decelerated to around 18% year-over-year. While still solid growth by most standards, it's the slowest pace we've seen from AWS in recent quarters.

-The competitive landscape is tightening. Microsoft Azure, though still about 60% the size of AWS, continues to close the gap with aggressive growth rates.

Are we seeing the beginning of a new chapter in enterprise infrastructure?