🚨 BIG TECH JUST ENDED THE "AI BUBBLE" DEBATE.



Q1 2026 cloud earnings released today:

- Google Cloud: +63% YoY ($20B, first time ever)
- Microsoft Azure: +40% YoY
- AWS: +28% YoY (fastest in 15 quarters)
- Meta: +33% YoY ($56.3B)

Microsoft's AI business: $37B run rate, +123% YoY.
Google's cloud backlog: $460B.

Meanwhile, OpenAI reportedly missed Q1 internal targets.

The infrastructure layer is printing. The application layer is sweating.
post-image
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 13
  • 10
  • Share
Comment
Add a comment
Add a comment
ForkingDrama
· 05-02 16:53
123% AI business growth rate, Microsoft's transformation is really impressive.
View OriginalReply0
ProofOfVibes
· 05-01 01:06
OpenAI did not meet the standards, indicating that pure model companies' moats are not as deep as imagined.
View OriginalReply0
ForgotEverythingAfterMinting
· 04-30 22:43
How much of Meta's 56 billion is AI and how much is advertising? The financial report doesn't break it down in detail.
View OriginalReply0
GateUser-14d03834
· 04-30 17:57
Cloud providers' earnings are good = AI demand truly exists, but that doesn't mean all AI companies can survive
View OriginalReply0
GateUser-6857a9c9
· 04-30 11:21
Azure +40% but the growth rate is actually lower than expected, and the market reaction may be overly optimistic
View OriginalReply0
ShatteredGlaze
· 04-30 03:35
OpenAI's internal goals were not met, but their revenue is still increasing; they just didn't reach the targets they boasted about.
View OriginalReply0
GateUser-0aa20a11
· 04-30 03:34
Application layer sweating is so real; the several projects we invested in are all cutting budgets.
View OriginalReply0
NotYourExit
· 04-30 03:33
Infra earning app burns money, the AI industry will be revalued in 2026.
View OriginalReply0
GasFeesForNightRuns
· 04-30 03:33
$37B run rate annualized, Microsoft AI is already a Fortune 100 company.
View OriginalReply0
AmberTeaSwirl
· 04-30 03:33
$460B backlog What concept is this? Google Cloud won't worry about orders in the next three years.
View OriginalReply0
View More
  • Pinned