Home › Headlines › ReportHeadlines · ReportMicrosoft, Amazon and Alphabet earnings reveal the next challenge in the AI race: ‘It isn't only chips now…’ - livemint.comTrade pressSlicast · August 1, 2026 at 17:48 UTC · US · Source: livemint.comimportance 50Read the originalShareCompanies in this storyMicrosoft / AzureCapex history →Google CloudCapex history →In-depth analysisCommentaryMicrosoft Azure AI Infrastructure, September 2026: Azure Earnings Debut, $115.95B Capex, and the Nebius DealCommentaryMicrosoft Azure Nuclear and Power Deals, September 2026: Three Mile Island Restart and Chevron PPA Alongside $115.95B in Annual CapexRelated reportsHeadlinesMicrosoft, Amazon, and Google add $1.5T in market cap in a single week - Crypto Briefing2026-08-01HeadlinesMicrosoft Eyes History With $490 Billion Pop in Market Value - Bloomberg.com2026-07-31HeadlinesNVIDIA Stock Rises as Microsoft Sustains Massive AI Spending - TradingView2026-07-31HeadlinesMicrosoft reports record FY revenue of $331B (+18%), Azure crossing $100B run-rate2026-07-31HeadlinesMicrosoft, Alphabet, and Meta disclosed in earnings that power, networking, deployment speed, and data center construction—not GPU supply—are now the defining constraints in the AI race2026-07-30