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Amazon, Alphabet, and Microsoft All Delivered Soaring Cloud Growth Thanks to AI. Here's the 1 I'd Buy Right Now
['Danny Vena', 'Https', 'Www.Facebook.Com Themotleyfool']
The Motley Fool
Expand NASDAQ : AMZN Amazon Today's Change ( 1.67 %) $ 4.58 Current Price $ 279.06 Key Data Points Market Cap $3.0T Market cap calculated using publicly traded shares outstanding only.
Amazon plans to increase its capex spending to $220 billion, primarily for AI and cloud infrastructure.
Expand NASDAQ : MSFT Microsoft Today's Change ( 1.68 %) $ 8.40 Current Price $ 508.39 Key Data Points Market Cap $3.7T Market cap calculated using publicly traded shares outstanding only.
Google Cloud was the highlight, with revenue soaring 82% to $25 billion, fueled by demand for AI infrastructure and solutions.
I have stakes in Amazon, Alphabet, and Microsoft, and I think all three are good bets for the future of AI.