Overview
- Amazon shares jumped nearly 12% premarket after AWS revenue rose 20% to $33 billion and the company issued a bullish sales outlook.
- Microsoft reported a record near‑$35 billion quarterly capital outlay and guided to higher spending as Azure grew 40% with capacity constraints lasting into fiscal 2026.
- Alphabet lifted 2025 capex guidance to $91 billion–$93 billion as Google Cloud revenue climbed 34% to $15.16 billion and the backlog expanded to $155 billion.
- Reuters reported Amazon projects $125 billion in 2025 capital spending and noted Nvidia’s valuation topped $5 trillion as analysts estimate AI infrastructure outlays could reach $3–$4 trillion by 2030.
- Financing and concentration risks stayed in focus with reports of circular deals tied to OpenAI and large bond sales by Oracle and a planned offering by Meta, even as industrial suppliers cited data‑center demand across power, cooling and equipment.