A Full Breakdown of Hyperscalers( AWS, Microsoft & Google) Quarterly Observation and Insights for Q2 2024

𝗢𝗯𝘀𝗲𝗿𝘃𝗮𝘁𝗶𝗼𝗻

Regarding cloud computing revenue, Microsoft is a leading provider, followed by AWS and Google Cloud. In Q2 2024, these three cloud providers generated 73.4 billion in revenue.

Microsoft leads with growth in the Azure segment, but intelligent cloud and overall cloud growth rates are comparable to AWS growth. Google Cloud has experienced high growth, but its revenue numbers are low.

AI contribution to cloud growth for Microsoft has increased q-o-q. In Q2 2024, it contributed 8% to overall growth.

Microsoft is able to run its intelligent cloud business most efficiently, followed by AWS and Google Cloud.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀

The cloud computing market has matured, and AI has emerged as a new growth driver for all tech companies. One big example is integrating AI-powered virtual assistants into cloud companies' product offerings.

All three big cloud service providers(Microsoft, AWS, Google) invest heavily in AI infrastructure and capabilities to meet growing demand and stay competitive by introducing new products and solutions. All three have increased their capital expenditure significantly.

All three major cloud providers((Microsoft, AWS, Google) strive to reduce their reliance on NVIDIA for AI chips and gain an early advantage in the chip market. The three big cloud providers have unveiled their custom chips and plan to release a better version in the coming year.

Microsoft's large tech product portfolio, early investments in AI, and significant relationships with enterprises are helping it stay ahead of its competition.

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