Google, Meta, Microsoft and Amazon posted strong quarterly AI gains
NewsBytes | May 3, 2026 1:39 PM CST
Alphabet cloud revenue jumps to $20.03B
Alphabet, Google's parent, saw its cloud revenue jump 63% to $20.03 billion and is planning up to $190 billion in capital spending this year.
Meta, Microsoft, and Amazon aren't far behind. Meta's first-quarter capital spending was $19.84 billion, Microsoft's third fiscal quarter was $31.9 billion, and Alphabet's was $35.7 billion.
Amazon is planning a $200 billion capex projection for 2026.
The message is clear: AI is driving the future of tech. Everyone wants a front-row seat.
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