Bloomberg Surveillance · Monday, August 10, 2026
Recent earnings reports from tech giants like Google, Microsoft, and Amazon have exceeded street expectations, with cloud growth accelerating significantly. Revenue growth for their cloud businesses is estimated between 40-70%, a trend that is likely to continue into next year, driven by increasing demand for compute.
“So if you looked whether it was Google, Microsoft, or Amazon, you know, they all came in higher than what, uh, the street was expecting. And the growth is accelerating.”
“So you're seeing revenue growth you know, for their for their cloud business, depending on who it is, you know, between forty and seventy percent. And the likely scenario is that this acceleration is going to continue into next year. And that's you know, very very powerful h dynamic.”
“We've had earnings, particularly from the hyperscalers, that seem to confirm the story that they're able to monetize more quickly than people. Previously expect did.”