---
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.

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- [AMD vs. Oracle: One AI Stock Is a Buy, the Other's Future Is Cloudy, Says Top Investor](https://longbridge.com/en/news/297929180.md)
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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**