Markets Deliver Strongest Quarter Since 2020, Three Stocks Still Have Room to Run

Industry
โดย Yahoo Finance·Read original
Summary · why it matters

Markets just logged their best quarter since 2020, with certain tech pockets taking over growth leadership and the market hovering near all-time highs despite souring sentiment and mixed economic indicators. Alphabet stands out as a clean growth-plus-quality setup after first-quarter revenue surged more than 21% to nearly $110 billion, operating margin exceeded 36%, and Google Cloud revenue jumped 63% year-over-year with a backlog nearly doubling to more than $460 billion. Microsoft posted 18.3% revenue growth in its third quarter of fiscal 2026, Azure grew 40%, and its AI business hit a $37 billion annual run rate, supporting operating margins above 46% and a return on equity in the mid-30% range. Nvidia remains central to AI infrastructure with quarterly revenue of more than $68 billion and gross margins of 75%, even as some customers diversify chip suppliers, positioning it to convert growth into large profits if hyperscaler spending continues to rise.

Impact on stocks 3

Artificial Intelligence▲ · 3 stocks
Alphabet Inc Class C
GOOG
▲ PositiveDemandrelevance

Google Cloud revenue jumped 63% YoY with backlog nearly doubling to >$460B, indicating strong end-customer demand.

Microsoft Corporation
MSFT
▲ PositiveDemandrelevance

Azure grew 40% and AI business hit $37B annual run rate, showing robust demand for cloud and AI services.

NVIDIA Corporation
NVDA
▲ PositiveDemandrelevance

Nvidia remains central to AI infrastructure with $68B quarterly revenue, driven by hyperscaler spending on AI.

Theme Impact 4

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