Amazon’s market capitalization crossed $3 trillion for the first time after the company disclosed that its AI and chip businesses are now generating $25 billion in annual revenue, with AWS growth reaching 36.7%, its fastest pace in 18 quarters. Microsoft, Meta, Google and Oracle all rallied between 5% and 7% the same day on similarly strong cloud and advertising results.
Microsoft’s Azure cloud unit topped $100 billion in annual sales for the first time, growing 43% in the quarter, with executives pointing to further acceleration ahead. Google lifted its 2026 capital spending forecast to as much as $205 billion, up from a prior range of $180 billion to $190 billion, underscoring how deep the AI infrastructure buildout has become across the industry.