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
Alphabet and Microsoft lead strong Q1 recovery as cloud revenue surges… AI infrastructure spending arms race adds $4 trillion in market value… Amazon leads gains while analysts flag divergence from industrial fatigue… Investors monitor Elon Musk lawsuit against OpenAI naming Microsoft as defendant… Alphabet shares surged as Google Cloud crossed the $20B quarterly milestone with …