Microsoft and Amazon earnings beat reignite Big Tech's market leadership

1. 1Global mega-cap tech stocks, previously weighed down by AI overspending concerns, are once again leading the market
2. 2Microsoft and Amazon have surged 28% and 20%, respectively, over the six trading days following their earnings releases, collectively adding $1.3 trillion in market cap
3. 3Accelerating cloud revenue growth—Azure at 43% and AWS at 37%—has reinforced the view that AI capex is justified, serving as the catalyst for the rebound

Source Bloomberg · View original ↗

Today's 5 AI picks, all free

Nothing hidden: past picks and how they did against the S&P 500.

See today's picks →