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Stockreport

AI fuels cloud computing boom for tech giants [Yahoo! Finance Canada]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: Yahoo! Finance Canada
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
computing units in recent days, as interest in artificial intelligence drives a rebound in spending by corporate customers. Growth in the $270 billion cloud infrastructure market, a cash engine for Amazon.com, Microsoft and Alphabet, gives the clearest sign yet that AI investment is bearing fruit after investors drove those stocks to record highs, thanks to optimism about the emerging technology. Many big customers have started spending again on cloud computing after pausing last year to cut costs, executives and analysts said. ADVERTISEMENT Amazon, the last of trio to report on Tuesday, said its cloud computing arm AWS grew 17% in the January-to-March period, above Wall Street's 15% growth estimate, and hit a $100 billion annual run-rate for the first time. Performance was consistent at Microsoft's Azure and Google Cloud, which grew above expectations at 31% and 28%, respectively, in the first three months of the year. "Looking across AWS, Microsoft Azure and Google Cloud [Read more]
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Stockreport

AI fuels cloud computing boom for tech giants [Yahoo! Finance Canada]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: Yahoo! Finance Canada
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
computing units in recent days, as interest in artificial intelligence drives a rebound in spending by corporate customers. Growth in the $270 billion cloud infrastructure market, a cash engine for Amazon.com, Microsoft and Alphabet, gives the clearest sign yet that AI investment is bearing fruit after investors drove those stocks to record highs, thanks to optimism about the emerging technology. Many big customers have started spending again on cloud computing after pausing last year to cut costs, executives and analysts said. ADVERTISEMENT Amazon, the last of trio to report on Tuesday, said its cloud computing arm AWS grew 17% in the January-to-March period, above Wall Street's 15% growth estimate, and hit a $100 billion annual run-rate for the first time. Performance was consistent at Microsoft's Azure and Google Cloud, which grew above expectations at 31% and 28%, respectively, in the first three months of the year. "Looking across AWS, Microsoft Azure and Google Cloud [Read more]
IMPACT SNAPSHOT
EVENT TIME:
GOOG
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS