Google Cloud Projected to Beat Q2 Estimates With 70% Growth; AWS Seen Growing 34%

According to Gene Munster of Deepwater Asset Management, Google Cloud and AWS are projected to beat Q2 earnings expectations. Google Cloud revenue is forecast to jump 70% year-over-year in the June quarter, outpacing the 64% consensus estimate, while AWS is expected to grow 34% year-over-year, exceeding the 32% consensus forecast. Strong demand for AI infrastructure is anticipated to drive earnings growth.
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