Public Cloud
-
Cloud Giants Beat Earnings Expectations
The public cloud market is booming, driven by AI demand. AWS, Azure, and Google Cloud all exceeded expectations, with Google Cloud showing its fastest-ever growth at 63%. This surge is attributed to enterprise AI solutions and strong adoption of Google’s Gemini models and TPUs. AWS saw 28% growth, with significant demand for AI services like Bedrock. Azure grew 40%, also experiencing increased adoption of AI models. The major providers plan substantial capital expenditures, while specialized “neocloud” providers are also emerging.
