🚨 BIG TECH JUST ENDED THE "AI BUBBLE" DEBATE. Q1 2026 cloud earnings released today: - Google Cloud: +63% YoY ($20B, first time ever) - Microsoft Azure: +40% YoY - AWS: +28% YoY (fastest in 15 quarters) - Meta: +33% YoY ($56.3B) Microsoft's AI business: $37B run rate, +123% YoY. Google's cloud backlog: $460B. Meanwhile, OpenAI reportedly missed Q1 internal targets. The infrastructure layer is printing. The application layer is sweating.(Coin Bureau)