Bubble or not, you can’t ignore a $8B company growing at 78% yoy and generating 25% operating margins (cash flow is lower given capital expenditure requirements).
And what happened to developers’ love of Google? It’s a good platform with strong data infrastructure tools (databases, data analytics). But Amazon running away with fickle developer mindshare, and clearly not catering as lowest cost vendor anymore.
I think Azure is different market segment, but also doing well.