Both $Microsoft(MSFT.US) and $Amazon(AMZN.US) stocks are now green.
MSFT up 2% and AMZN up 4%. Both were down 2% when the calls started. Reason is positive comments about cloud growth in June, and they are supply constrained. Microsoft says Azure will growth will go from 39% in March to 40% in June. The Street was lookin for 37% in June. My take: Higher cloud growth in the face of difficult comps is another data point how early we are in AI. Basically all of this cloud growth is coming from AI training and inference.Source: Gene Munster
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