Amazon, Alphabet, and Microsoft All Delivered Soaring Cloud Growth Thanks to AI. Here's the 1 I'd Buy Right Now

All three major cloud providers—Amazon Web Services, Google Cloud, and Microsoft Azure—reported strong double-digit growth in Q2 driven by AI demand. However, Microsoft stands out as the clear winner due to its ability to maintain positive free cash flow of $19.6 billion despite heavy capex spending, combined with a lower valuation multiple of 21x forward earnings compared to 25-26x for competitors.