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Google Cloud doubled in a year. Azure grew 48%. Both are spending fortunes.

Alphabet and Microsoft both reported accelerating cloud growth on Oct 28, 2026. Their capital spending is rising just as fast.

Finvestex Desk · 2 min read
Google Cloud doubled in a year. Azure grew 48%. Both are spending fortunes. — slide 1 of 7Google Cloud doubled in a year. Azure grew 48%. Both are spending fortunes. — slide 2 of 7Google Cloud doubled in a year. Azure grew 48%. Both are spending fortunes. — slide 3 of 7Google Cloud doubled in a year. Azure grew 48%. Both are spending fortunes. — slide 4 of 7Google Cloud doubled in a year. Azure grew 48%. Both are spending fortunes. — slide 5 of 7Google Cloud doubled in a year. Azure grew 48%. Both are spending fortunes. — slide 6 of 7Google Cloud doubled in a year. Azure grew 48%. Both are spending fortunes. — slide 7 of 7
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Two of the biggest cloud businesses reported results on October 28, 2026, and the headline from both was the same: growth is speeding up. The second line was the same too: so is the spending.

Start with Google. According to Alphabet's third-quarter release, Google Cloud revenue was $30.7 billion, up 103% from $15.2 billion in the same quarter a year earlier. That…

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General market information for educational purposes — not investment advice. Figures come from the linked sources.