$AMZN traded 12% higher after Q2 revenue of $200.61B beat the $196.47B LSEG estimate and AWS revenue reached $42.2B. Management also lifted the 2026 capital-spending outlook to $220B, keeping AI capacity as the central equity catalyst.
Microsoft reported Q4 revenue of $90.0B, up 18%, and Azure revenue growth of 43%. The stock moved about 8%-9% higher after hours as cloud revenue and remaining performance obligation beat the AI spending concern.
Google-backed UC San Diego researchers plan to build a low-carbon cloud platform from 2,000 retired Pixel phones. The design strips devices to motherboards, groups 25-50 phones into Kubernetes-managed clusters, and targets teaching, grading, and research workloads.
$ORCL fell 8% after reporting negative free cash flow of $23.7B for fiscal 2026 and a plan to raise $40B through debt and equity, even as Q4 revenue and EPS topped LSEG estimates.
HN readers focused less on the joke and more on the operational lesson: autonomous agents can convert vague goals into real infrastructure spend.
Oracle $ORCL fell as much as 11% after Q4 results, with CNBC citing investor concern over a FY2027 funding plan of about $40B. Oracle’s release showed FY2026 free cash flow at negative $23.7B, RPO of $638B and Q4 non-GAAP EPS of $2.11.
Snowflake $SNOW rose 36% after Q1 FY2027 product revenue increased 26% to $996.8M and remaining performance obligations reached $6.7B. The company also said it plans to spend $6B on Amazon Web Services over five years.
Anthropic has agreed to spend $200 billion with Google Cloud over five years for next-generation TPU compute capacity, according to The Information. The deal would represent more than 40% of Google Cloud's $460B+ revenue backlog.
Datadog ($DDOG) reported blockbuster Q1 2026 earnings that sent shares up 31%, confirming the company as a primary AI workload beneficiary. The results lifted cloud infrastructure peers Snowflake and MongoDB, signaling that AI-driven data volumes are broadly expanding the cloud observability market.
Anthropic has agreed to spend $200 billion on Google Cloud services and Broadcom-built TPUs over five years, beginning 2027. The deal accounts for over 40% of Google's disclosed cloud revenue backlog; Alphabet also plans up to $40B in additional investment in Anthropic.
Sam Altman announced OpenAI's updated partnership with Microsoft, ending exclusive cloud arrangements. Microsoft remains the primary cloud partner, but OpenAI can now deploy products on AWS, Google Cloud, and any other provider.
AWS customers can now access OpenAI's GPT models and Codex coding agent through Amazon Bedrock, marking OpenAI's first major deployment outside Microsoft Azure. General availability is expected within weeks.