Amazon, Meta, Alphabet, and Microsoft report high revenue growth thanks to AI

The titans of American technology – Google's parent company Alphabet, online retailer Amazon, Facebook operator Meta, and software giant Microsoft – have once again demonstrated their dominance, unveiling impressive quarterly results that underscore the lucrative fruits of their artificial intelligence endeavors. These figures not only silenced anxieties about the returns on massive investments in new data centers but also signaled a continued surge in the AI-driven economy.

Attention on the financial markets was sharply focused on the cloud computing arms: Amazon Web Services (AWS), Google Cloud, and Microsoft Azure. Google Cloud, the smallest of the so-called hyperscalers, achieved record growth of 63 percent, surpassing the 50 percent analysts had predicted. Alphabet CEO Sundar Pichai highlighted a near doubling of the order backlog to $460 billion within three months, a testament to the escalating demand for AI-related services. This news propelled Alphabet shares up six percent in after-hours trading on Wall Street. Google has secured numerous multi-billion dollar contracts for AI computing capacity, including a significant deal with Meta, while its AI model, Gemini, continues to gain traction, even being adopted by Apple to enhance Siri.

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Die Kunden nehmen die KI-Angebote voll und ganz an.

Amazon's AWS, the global market leader, also exceeded expectations with a 25 percent revenue increase, marking its largest quarterly gain in 15 quarters, according to CEO Andy Jassy. The company reported order intake for its AI processors reached $225 billion. Analyst Jesse Cohen of Investing.com lauded the resurgent cloud growth as 'outstanding,' emphasizing that customers are fully embracing AI offerings. Microsoft's cloud division, while accelerating its growth to 40 percent, remained within analyst forecasts, a performance deemed 'disappointing' compared to Google's surge by Rebecca Wettemann, head of the analysis firm Valoir, leading to a three percent dip in Microsoft's stock.

Meta stands out among these tech giants for its substantial AI investments, planning to spend $125 to $145 billion this year on AI model development and data center construction, an increase from previous projections. However, the company cautioned about potential headwinds from stricter youth protection regulations and ongoing US lawsuits. Discussions about banning social media for minors, following Australia's example, are underway in numerous countries, and Meta has faced multi-million dollar fines in the US over the alleged addictive design of platforms like Instagram. Nevertheless, Meta's revenues grew by a third last quarter, and market research firm eMarketer predicts Meta could surpass Google in advertising revenue for the first time in 2026, driven by its online advertising initiatives.

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Im Vergleich zu Google seien die Zahlen enttäuschend