Mag 7 miracle: S&P 500 hits record highs on cloud bloom, AI and cloud rally adds roughly $4 trillion in market value across Big Tech

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Alphabet and Microsoft lead strong Q1 recovery as cloud revenue surges…
AI infrastructure spending arms race adds $4 trillion in market value…
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Alphabet shares surged as Google Cloud crossed the $20B quarterly milestone with a record 63% growth rate. Microsoft’s Intelligent Cloud revenue grew 28% to $30.9B, driven by Azure demand.

https://www.businesstoday.in/technology/story/alphabets-google-revenue-jumps-22-google-cloud-crosses-20-billion-milestone-528162-2026-04-30

The S&P 500 rose 1% to a new record of 7,252, crossing the 7,000 mark for the first time. Tech and Energy (Exxon/Chevron) led gains, while private consumption showed signs of slowing.

https://tradingeconomics.com/united-states/stock-market