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business-skyscrapers-in60-3.jpg Jul 24

Big Tech Looks To Turn The Corner On Cloud As AI Focus Stays Strong

  • U.S. tech giants could signal an end to the nearly year-long slowdown in their cloud businesses as signs of economic resilience encourage clients to boost technology spending, while a pickup in digital ads will also aid profits.
  • Microsoft, Google-owner Alphabet, Amazon.com and Meta Platforms — companies that are together valued at over $6 trillion — are set to report earnings this week and the next, in what will be a test for their hefty valuations and the broader market rally they have driven thanks to optimism over artificial intelligence.