Washington : After beginning the day with a gain of 12%, Amazon's stock fell 2% on Thursday after the company reported that cloud growth slowed in the first quarter. With revenue of $127.4 billion, which was higher than anticipated, the business increased its market capitalization by $125 billion. Nonetheless, the whole increase was eradicated inside the space of minutes as Amazon CFO Brian Olsavsky cautioned organizations have been managing their cloud spend.