  We consider folded spinning strings in AdS_5xS^5 (with one spin component S
in AdS_5 and J in S^5) corresponding to the Tr(D^S Z^J) operators in the sl(2)
sector of the N=4 SYM theory in the special scaling limit in which both the
string mass M ~ \sqrt \lambda \ln S and J are sent to infinity with their ratio
fixed. Expanding in the parameter \el= J/M we compute the 2-loop string sigma
model correction to the string energy and show that it agrees with the
expression proposed by Alday and Maldacena in arxiv:0708.0672. We suggest that
a resummation of the logarithmic \el^2 \ln^n \el terms is necessary in order to
establish an interpolation to the weakly coupled gauge theory results. In the
process, we set up a general framework for the calculation of higher loop
corrections to the energy of multi-spin string configurations. In particular,
we find that in addition to the direct 2-loop term in the string energy there
is a contribution from lower loop order due to a finite ``renormalization'' of
the relation between the parameters of the classical solution and the fixed
spins, i.e. the charges of the SO(2,4) x SO(6) symmetry.
