Google cloud growth tops Microsoft and Amazon as all three beat estimates on AI demand

google cloud revenue hit $20.03 billion, up 63% — its fastest growth ever. that beat streetaccount's $18.05 billion estimate. aws grew 28% to $37.6 billion, also above consensus. microsoft azure grew 40%, topping estimates. all three beat on ai demand. alphabet ceo sundar pichai said enterprise ai solutions became cloud's primary growth driver for the first time. revenue from google's generative ai models grew 800%. aws saw bedrock spending jump 170% from q4. microsoft ceo satya nadella said customers using anthropic and openai models through azure doubled from the prior quarter. synergy research estimated cloud infrastructure spending hit $129 billion in the period. the three companies told investors they expect to spend close to $600 billion on capex this year. smaller neocloud providers like coreweave now hold 5% of the market.