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Real-time News
U.S. Treasury Secretary Bessant: It would be very unusual for Powell to remain on the Federal Reserve Board.On April 30th, Amazon (AMZN.O) reported Q1 2026 cloud revenue growth that exceeded Wall Street expectations, primarily driven by increased corporate investment in cloud computing services. Amazon Web Services (AWS) revenue grew 28% to $37.6 billion in Q1 2026, while analysts had previously expected an average increase of 25.08% to $36.61 billion. However, in volatile after-hours trading, the companys stock price fell 2%, and it projected second-quarter operating profit between $20 billion and $24 billion, slightly below the median analyst estimate of $22.62 billion.On April 30th, Microsoft (MSFT.O) reported revenue growth in its cloud business for Q3 of fiscal year 2026, while spending increased less than expected. Microsofts capital expenditures for Q3 of fiscal year 2026 increased by 49% to $31.9 billion, compared to institutional expectations of $34.9 billion. Total capital expenditures for the second quarter were $37.5 billion. Azure cloud computing revenue grew by 40% as expected in the quarter, faster than the 39% growth in the previous three months. This performance may alleviate market concerns: previously, the slow rollout of Microsofts Copilot 365 assistant for enterprises and its over-reliance on OpenAI may have eroded Microsofts early lead in the AI race. Furthermore, this also helps justify data center spending—although this spending has put pressure on cash flow, major cloud providers are expected to invest over $600 billion in AI infrastructure this year.Googles earnings call will begin in ten minutes.Qualcomm (QCOM.O): Leading hyperscale custom chip collaborations are expected to begin initial deliveries later this year. We look forward to providing information on opportunities including data center and physical AI at our Investor Day on June 24.
