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Cloud expansion hits snag: US providers grapple with slowing growth amidst AI and geopolitical shifts

Recent financial reports from the top three American public cloud service providers indicate a notable slowdown in revenue growth. This deceleration has raised questions within the industry about whether it marks the conclusion of a significant era of cloud expansion. Nevertheless, supply chain experts are optimistic that 2024 will witness a resurgence in growth, driven by factors like AI and geopolitical considerations, with cloud data centers remaining central to this evolution.