Big Tech looks to turn the corner on cloud as AI focus stays strong

US tech giants could signal an end to the nearly year-long slowdown in their cloud businesses as signs of economic resilience encourage clients to boost technology spending, while a pickup in digital ads will also aid profits.

Microsoft, Google-owner Alphabet, Amazon.com and Meta Platforms – companies that are together valued at over $6 trillion – are set to report earnings this week and the next, in what will be a test for their hefty valuations and the broader market rally they have driven thanks to optimism over artificial intelligence.