Meta Platforms and Alphabet have initiated quarterly payouts since this year began, leaving only two Magnificent Seven constituents as non-payers.
Four of Nvidia's biggest customers highlighted the growing demand for AI infrastructure.
Alphabet also reported better-than-expected advertising revenue growth for both Google and YouTube, a positive indicator for Amazon’s own advertising business including ads on Amazon’s e-commerce site and spots on its Amazon Prime Video streaming service. For Amazon’s quarter that ended in March, consensus estimates as tracked by FactSet call for sales of $142.6 billion, up 12% from the year-ago quarter, with profit of 84 cents a share. The Street projects Amazon Web Services revenue of $24.6 billion, up 15%, which would be the best growth in four quarters.