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Sign up free →Amazon Web Services (AWS) is spending $200 billion on capital expenditures to expand its data center footprint this year, backed by existing agreements with companies to lease the increased capacity. AWS grew at a 28% pace in Q1, its fastest rate in 15 quarters, and accounts for over half of Amazon's operating profits.
Meta Platforms' ad business on Facebook, Instagram, WhatsApp, and Threads has been heavily impacted by its AI improvements, driving revenue up 33% year over year in Q1. The company is also developing AI products including a personal superintelligence model and AI smartglasses that could accelerate growth further.
Nebius, a neocloud company (a full-stack computing platform for training and running AI models), posted overall revenue growth of 684% year over year in Q1. Wall Street analysts expect 549% revenue growth in 2026 and 219% growth in 2027. Meta Platforms is a major Nebius client and has signed a large deal bringing years of growth.
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