Cloud AI & Compute Revenue
Combined quarterly revenue: AWS + Microsoft Intelligent Cloud + Google Cloud + Nvidia Data Center
148.5$B
Trend YoY growth is +41.2%, accelerating by 26 bps/month over the last 3Y. Latest: +38.3%, 3.0 pp below trend, a 0.4σ deviation.
Level
YoY %
y = 32.7% + 26 bps/mo · t
Deviation from trend
Forecast
Rolling 1Y trend forecast
| Forecast made in | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov '24 | +34.8% | +33.4% | +31.9% | +30.4% | +29.1% | +27.6% | +26.2% | +24.7% | +23.3% | +21.8% | +20.4% | +18.9% | +17.5% | +16.1% | +14.6% | +13.1% | +11.8% | +10.3% | +8.9% | +7.4% | +6.0% | +4.5% | +3.1% | +1.6% |
| Dec '24 | +33.4% | +31.9% | +30.4% | +29.1% | +27.6% | +26.2% | +24.7% | +23.3% | +21.8% | +20.4% | +18.9% | +17.5% | +16.1% | +14.6% | +13.1% | +11.8% | +10.3% | +8.9% | +7.4% | +6.0% | +4.5% | +3.1% | +1.6% | |
| Jan '25 | +36.4% | +35.9% | +35.3% | +34.8% | +34.2% | +33.6% | +33.1% | +32.5% | +31.9% | +31.4% | +30.8% | +30.3% | +29.7% | +29.1% | +28.6% | +28.0% | +27.5% | +26.9% | +26.4% | +25.8% | +25.2% | +24.7% | ||
| Feb '25 | +35.9% | +35.3% | +34.8% | +34.2% | +33.6% | +33.1% | +32.5% | +31.9% | +31.4% | +30.8% | +30.3% | +29.7% | +29.1% | +28.6% | +28.0% | +27.5% | +26.9% | +26.4% | +25.8% | +25.2% | +24.7% | |||
| Mar '25 | +35.3% | +34.8% | +34.2% | +33.6% | +33.1% | +32.5% | +31.9% | +31.4% | +30.8% | +30.3% | +29.7% | +29.1% | +28.6% | +28.0% | +27.5% | +26.9% | +26.4% | +25.8% | +25.2% | +24.7% | ||||
| Apr '25 | +38.1% | +38.1% | +38.0% | +38.0% | +38.0% | +37.9% | +37.9% | +37.8% | +37.8% | +37.8% | +37.7% | +37.7% | +37.6% | +37.6% | +37.6% | +37.5% | +37.5% | +37.4% | +37.4% | |||||
| May '25 | +38.1% | +38.0% | +38.0% | +38.0% | +37.9% | +37.9% | +37.8% | +37.8% | +37.8% | +37.7% | +37.7% | +37.6% | +37.6% | +37.6% | +37.5% | +37.5% | +37.4% | +37.4% | ||||||
| Jun '25 | +38.0% | +38.0% | +38.0% | +37.9% | +37.9% | +37.8% | +37.8% | +37.8% | +37.7% | +37.7% | +37.6% | +37.6% | +37.6% | +37.5% | +37.5% | +37.4% | +37.4% | |||||||
| Jul '25 | +35.0% | +34.6% | +34.1% | +33.7% | +33.3% | +32.9% | +32.5% | +32.1% | +31.7% | +31.3% | +30.9% | +30.5% | +30.0% | +29.6% | +29.2% | +28.8% | ||||||||
| Aug '25 | +34.6% | +34.1% | +33.7% | +33.3% | +32.9% | +32.5% | +32.1% | +31.7% | +31.3% | +30.9% | +30.5% | +30.0% | +29.6% | +29.2% | +28.8% | |||||||||
| Sep '25 | +34.1% | +33.7% | +33.3% | +32.9% | +32.5% | +32.1% | +31.7% | +31.3% | +30.9% | +30.5% | +30.0% | +29.6% | +29.2% | +28.8% | ||||||||||
| Oct '25 | +36.7% | +36.7% | +36.6% | +36.6% | +36.6% | +36.5% | +36.5% | +36.5% | +36.4% | +36.4% | +36.4% | +36.3% | +36.3% |