Microsoft and Amazon Lead Tech Spending Survey

Industry
โดย GuruFocus·Read original
Summary · why it matters

A Jefferies survey of 40 IT executives shows stronger 2026 spending intentions for software, cloud and AI, with Microsoft and Amazon screening well. Expected software budget growth is 6.2% in 2026, up from 4.8% in 2025, while cloud spending is projected to grow 10.1% and cybersecurity budgets are expected to rise 6.2%. AI remains a major priority, with 68% of CIOs now having dedicated AI budgets. Microsoft stood out as 85% of CIOs expect to spend more in 2026 and none plan to spend less, while AWS also screened positively with 56% expecting higher spending. Palo Alto Networks and ServiceNow also ranked well, but Adobe was the weak spot with a negative spending score.

Impact on stocks 5

Artificial Intelligence± Mixed · 4 stocks
Amazon.com Inc
AMZN
▲ PositiveDemandrelevance

AWS screened positively with 56% of CIOs expecting higher spending, indicating strong cloud demand.

Microsoft Corporation
MSFT
▲ PositiveDemandrelevance

85% of CIOs expect to spend more on Microsoft in 2026 and none plan to spend less, indicating strong software/cloud demand.

Adobe Systems Incorporated
ADBE
▼ NegativeDemandrelevance

Adobe was the weak spot with a negative spending score, indicating lower expected customer demand.

ServiceNow Inc
NOW
▲ PositiveDemandrelevance

ServiceNow ranked well in the survey, indicating positive spending intentions.

Cybersecurity & Digital Trust▲ · 1 stocks
Palo Alto Networks Inc
PANW
▲ PositiveDemandrelevance

Palo Alto Networks ranked well, with cybersecurity budgets expected to rise 6.2%.

Theme Impact 8

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