---
title: "Buy the SOXX down 23% from its highs? Amazon, Alphabet, Meta Platforms, Microsoft, and Oracle just gave investors 830 billion reasons to do so."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294691389.md"
description: "Major cloud companies all reported stellar growth, paving the way for more AI spending."
datetime: "2026-08-03T12:12:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294691389.md)
  - [en](https://longbridge.com/en/news/294691389.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294691389.md)
generator: "portal-rs"
---

# Buy the SOXX down 23% from its highs? Amazon, Alphabet, Meta Platforms, Microsoft, and Oracle just gave investors 830 billion reasons to do so.

Major cloud companies all reported stellar growth, paving the way for more AI spending.

### Related Stocks

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## Related News & Research

- [Oracle vs. Microsoft: Big Tech’s AI Cloud Battle Has a New Underdog](https://longbridge.com/en/news/297407549.md)
- [Google Is ‘Just the Beginning’: Rezolve AI Teases More Infrastructure Deals](https://longbridge.com/en/news/297684573.md)
- [Developers get 21x cheaper Muse Spark access if they let Meta train on their prompts](https://longbridge.com/en/news/297960240.md)
- [Gateway Wealth Partners LLC Reduces Stock Position in Meta Platforms, Inc. $META](https://longbridge.com/en/news/298004484.md)
- [Meta Faces $17 Billion Teen Safety Settlement](https://longbridge.com/en/news/297960365.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**