Amazon looks like it's going to be a "new tech star" for sometime to come, dominating Google's "fairly nascent" cloud business and even taking some search traffic away, Mizuho Securities technology analyst Neil Doshi said Thursday, ahead of Amazon's afternoon earnings report.
Amazon Web Services, broken out initially in the first quarter of 2015, should be a $12.5 billion business this year, Doshi told CNBC's "Squawk Box," calling AWS the "800-pound gorilla" in the cloud.
"There's definitely concern around Google [part of Alphabet] and Microsoft ... coming in and undercutting Amazon," he said. "But from a technical standpoint, we think Amazon is on par with Microsoft and definitely far ahead of Google."
Amazon is also making inroads on Google's bread and butter, Doshi said. "I think Amazon is also starting to take away search from Google's search on the retail side."