Amazon, Microsoft, Alphabet, Oracle and CoreWeave are considered the main beneficiaries of AI computers, according to Google Cloud Next

Amazon.com Inc (NASDAQ:AMZN), Microsoft Corp (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOG), Oracle Corp (NYSE:ORCL, XETRA:ORC)and CoreWeave (NASDAQ:CRWV) are expected to remain the primary beneficiaries of rising AI computing demand, according to a note from a Jefferies analyst following participation in Google Cloud Next.

The analysts wrote in a note that the event reinforced the clear message that demand for AI infrastructure continues to outpace supply, supporting a constructive view from hyperscalers on upcoming earnings.

“Overall, we continue to remain increasingly positive on AI demand compared to our checks in early April,” they wrote.

Ahead of first-quarter financial results, investors are focused on cloud growth, backlog developments and any changes to capital spending or capacity plans. Jefferies said it was gradually increasing…