Odaily Planet Daily report: At the open, Amazon, the world’s largest cloud provider, rose over 4%, with a market capitalization of $3.05 trillion, surpassing its all-time high. Amazon Web Services (AWS) revenue growth reached its highest level in 18 quarters. The company raised its full-year 2026 capital expenditure guidance and expressed an optimistic outlook on the long-term potential for AI to generate trillions in revenue; the trend of insufficient AI computing supply relative to demand is expected to continue.
Institutions anticipate that, as generative AI commercialization accelerates and enterprise AI applications and cloud-based agents continue to penetrate, the nine major global cloud service providers (CSPs) will collectively raise their capital expenditures by the end of July. Domestic and international tech giants are simultaneously increasing investments in intelligent computing centers, GPU clusters, proprietary chips, and supporting infrastructure, with the scale of compute capacity expansion exceeding prior market expectations.