… Note: In the chart above, it is immediately obvious where Microsoft peeled out cloud-ish revenues that it had in its PC and Intelligent Cloud businesses and added them into its application software businesses. Perhaps things were not as cloudy as it had been saying, which is odd for Seattle. . . . …
… This ratio has held for the past five quarters that Google has been talking about it. google cloud tpu ai google cloud
… By our model, the Azure cloud proper brought in $21.95 billion in sales and represented precisely two-thirds of the Intelligent Cloud business in Q2 F2026. …
… If you do the math on that, this implies that Cisco will book $3.7 billion in AI orders to hyperscalers and cloud builders in its fourth quarter of fiscal 2026 ending in July. In the third quarter, AI product orders to hyperscalers and cloud builders were up by 2.1X to $1.9 billion. …
… As we have pointed out a number of times, the big clouds – Amazon Web Services, Microsoft Azure, and Google Cloud – are more like original design manufacturers than not, creating fully integrated software stacks that also allow for multiple options within that stack if customers want to do that. …
… To further confuse everyone, Microsoft lumps all of its cloud-based software and services into a single category called Microsoft Cloud. …
… The word on the street is somewhere between 30 percent and 50 percent top line growth for Google Cloud in 2026, and we wonder if it can’t be more. gpu google cloud google genai financial results cloud alphabet ai it spending tpu infrastructure
… So far this fiscal year, Cisco has $1.3 billion in AI orders with hyperscalers and cloud builders in Q1 F2026 and $2.1 billion in Q2 F2026; the company also confirmed that it had $350 million in additional AI orders to neoclouds, sovereigns, and enterprises. …
… The greater predictability in the amended agreement strengthens our joint ability to build and operate AI platforms at scale while providing both companies the flexibility to pursue new opportunities.” What Microsoft And OpenAI Get That means that while Microsoft – which will continue as a major sh… …
… In the long run, the AI model builders will not rent huge amounts of capacity on the cloud. They will make the clouds sell them infrastructure on the cheap that they can amortize, thereby lowering the cost of tokens. …