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Amazon Cloud Growth Soars 28%, Alphabet Beats Estimates on AI Sales | April 29, 2026

40 articles

Executive Summary

Today, Amazon reported a remarkable 28% increase in AWS revenue, driven by surging demand for cloud services amid the AI boom. This performance marks the company's largest cloud growth since 2022 and highlights the pivotal role of artificial intelligence in shaping business revenues. Meanwhile, Alphabet also surpassed quarterly expectations, with its Google Cloud segment witnessing strong revenue growth, further cementing the significance of AI in the tech sector. Investors are now keenly observing reactions in the broader market, particularly in light of upcoming earnings reports from major tech players.

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