In recent days, three major technology firms—Amazon, Microsoft, and Alphabet—have reported stronger-than-expected sales in their cloud computing units. This growth in the $270 billion cloud infrastructure market signals a rebound in corporate spending driven by interest in artificial intelligence (AI). Amazon’s AWS grew 17% in Q1, surpassing estimates and reaching a $100 billion annual run-rate. Microsoft’s Azure and Google Cloud also exceeded expectations with growth rates of 31% and 28% respectively. AI adoption is a key driver, contributing significantly to growth alongside accelerating cloud spending overall.
