By Proactive
Publication Date: 2026-04-24 16:03:00
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 key beneficiaries of accelerating AI compute demand, according to a Jefferies analyst note following attendance at Google Cloud Next.
The analysts wrote in a note that the event reinforced a clear message that AI infrastructure demand continues to outstrip supply, supporting a constructive view on hyperscalers into upcoming earnings.
“Overall, we continue to be incrementally more positive on AI demand vs our checks in early April,” they wrote.
Ahead of first quarter financial results, investors are focused on cloud growth, backlog trends, and any changes to capital expenditure or capacity plans. Jefferies said it is incrementally more…