Amazon.com, Inc.’s (NASDAQ: AMZN) AWS and Microsoft Corp.’s (NASDAQ: MSFT) Azure are experiencing simultaneous outages on Wednesday that are disrupting internet services for major companies worldwide.

The outage prevented advertisers from accessing the Microsoft Advertising console, but its ad serving was not affected.

Are you having trouble while logging on to Microsoft services and Amazon Web Services? You’re not alone. Thousands of users across the U.S. are reporting major outages affecting both platforms.On Wednesday,

Be that as it may, in its latest quarterly report, which came after the bell on the same day, Microsoft reported that it beat Wall Street estimates and that Azure's income grew by about 40%. Still, with this ongoing failure and Microsoft admitting that it can't keep up with AI and cloud demands, Microsoft's stock sank lower in after-market trading.

By Rashika Singh and Deborah Mary Sophia (Reuters) -Amazon shares jumped nearly 12% in premarket trade on Friday after strong growth at its cloud unit and a bullish sales outlook eased fears that the tech giant was falling behind rivals in the AI race.