cloud business
Coverage of cloud business in the Nexus archive.
- Amazon hits $3 trillion valuation on strong cloud earnings
Amazon's market value reached $3 trillion following strong second-quarter earnings driven by increased demand for its cloud business amid the AI boom. Microsoft and Oracle also exceeded revenue expectations, indicating AI is bolstering growth despite investor concerns about the Iran war, inflation, and AI spending.
- Why Microsoft’s stock is soaring toward a historic gain after earnings
Microsoft's stock is rising sharply following earnings due to strong growth in its cloud business. The company anticipates avoiding cash-burn mode despite increased spending on AI.
- Meta stock drops 10% as free cash flow gets crushed—and Zuckerberg hints at launching cloud business with few details
Meta's stock dropped 10% due to missed earnings, a 55% increase in costs, and significantly reduced free cash flow. CEO Mark Zuckerberg hinted at launching a cloud business to monetize AI infrastructure, though details remain scarce.
- Microsoft’s cloud business boosts sales as capex climbs to $41bn
Microsoft’s cloud business reported increased sales with capital expenditures rising to $41bn. Revenue from the intelligent cloud segment grew by 32% to $39.3bn.
- Alphabet’s SpaceX stake fuels a $98 billion gain, beating estimates
Alphabet Inc. reported a $98 billion net gain in Q2, driven by gains on its SpaceX stake following SpaceX's June public listing. The company's revenue rose 24% to $119.8 billion, exceeding analyst estimates, with AI investments and advertising revenue contributing to the strong performance.
- Google's Q2 earnings of $112.11B beat Wall Street's expectations on AI boom
Alphabet Inc. reported Q2 earnings of $112.11B, exceeding expectations, driven by AI investments and strong ad revenue. Revenue rose 24% to $119.8B, with AI products like Gemini nearing 1 billion users and cloud growth fueled by AI demand.
- Meta money grab is a plea to investors: Stick with us
Meta launched a cloud business to sell excess compute capacity, shifting from prior claims of compute shortages. The move follows investor concerns over stock performance and AI spending, with Meta's shares rising 9% after the announcement. The strategy contrasts with competitors like Amazon and Alphabet, whose cloud revenues have grown alongside AI investments.
- Amazon’s cloud business is surging — and so is its capital spending
Amazon's cloud business, AWS, is generating more revenue than expected, but the company is also increasing its capital spending, as stated by its chief executive. The e-commerce giant plans to maintain this spending pattern in the near term.
- Microsoft reports sinking Xbox revenue as its cloud business climbs
Microsoft's Xbox hardware revenue fell by 33%, with a 5% drop in content and services, while cloud and productivity businesses drove overall revenue to $82.9 billion. The company also experienced executive turnover, including the retirement of Xbox chief Phil Spencer.