Quick Read – Amazon crossed $3 trillion in market cap and Microsoft’s Azure topped $100 billion in annual sales as both stocks surged 5% Monday. – Google Cloud grew 82% and Alphabet raised capex to $205B; Oracle’s cloud infrastructure jumped 93% yet ORCL remains down 28% YTD. -…
ta Platforms leads the group up 7% as advertising revenue climbed 27% to $59B, recovering the 9% drop from its mixed Q2 earnings print. – Mega-cap AI names are surging in Monday midday trading as strong hyperscaler earnings and an easing geopolitical backdrop lift the entire cohort. Microsoft (NASDAQ:MSFT) shares are up 5% to $488.16, while Amazon (NASDAQ:AMZN) shares climb 5% to $283.89, pushing Amazon’s market capitalization past $3 trillion
Meta Platforms (NASDAQ:META) shares lead the group, up 7% to $593.15, and Alphabet (NASDAQ:GOOGL) shares gain 5% to $374.40. Oracle (NYSE:ORCL) shares are rallying 8% to $139.80, and the Invesco QQQ Trust (NASDAQ:QQQ) is up 1.67% to $699.45. The catalyst for MSFT, AMZN, META, GOOGL and ORCL is a mix of last week’s blowout hyperscaler earnings and a risk-on market mood after President Trump called off strikes on Iran.
Traders are treating Monday’s session as an earnings-relief rally, with breathing room returning to a cohort that spent much of July fielding AI capex questions. Earnings Momentum Fuels the Mega-Cap Bid Microsoft’s Q4 FY2026 report set the tone. Azure revenue grew 43% year over year (YoY), and the segment topped $100 billion in annual sales for the first time.