# Amazon, Alphabet and Microsoft all revealed double-digit gains in their cloud computing units, which have seen supercharged growth thanks to increasing adoption of AI.

*business · news · 2026-04-29 · The Guardian*

## Key points

- Amazon, Alphabet, and Microsoft reported double-digit cloud computing growth driven by AI adoption.
- Meta increased its 2024 capital expenditure forecast from $115bn minimum to $125bn, alarming investors.
- Alphabet's Google Cloud unit posted 63% year-on-year growth, significantly exceeding expectations.
- The four companies together plan to spend $650bn on AI infrastructure in 2026.
- Meta's $2bn acquisition of AI firm Manus was blocked by Chinese regulators.

**Companies:** Amazon, Alphabet, Microsoft, Meta
**Countries:** United States

[Read the full story on The Guardian](https://www.theguardian.com/technology/2026/apr/29/earnings-ai-boom-us-stock-markets)

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