Alphabet's strong report bodes well for its cloud rivals. Microsoft and Amazon – both reporting earnings next week – saw their shares climb ~1% in sympathy ts2.tech ts2.tech. Investors expect booming demand for cloud AI services to bolster these companies' results as well. Microsoft's earlier earnings call highlighted that Azure's AI services contributed significantly to growth, and Amazon's AWS is seeing similar AI-driven tailwinds ts2.tech. "AI is positively impacting every part of the business," Alphabet CEO Sundar Pichai said on the company's call, as new AI features drive user engagement across Google's products ts2.tech.