Stock Movers Week Ahead: Alphabet, Amazon, Advanced Micro Devices
Feb 1, 2026
Mandeep Singh, Global Head of Tech Research at Bloomberg Intelligence, offers concise market analysis. He previews Alphabet and YouTube ad trends. He breaks down AI cloud spending, Google Cloud’s TPU edge, and AWS growth hopes. He links hyperscaler capex to AMD’s GPU demand and contrasts AMD and NVIDIA positioning.
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Alphabet's Ad Growth Remains Robust
- Alphabet likely shows double-digit ad growth despite AI threats from ChatGPT.
- Expect high-teens YouTube growth and low-to-mid-teens core search growth this quarter.
TPUs Give Google Cloud An Efficiency Edge
- Google Cloud should show at least 35% growth and may outperform consensus due to strong deal wins.
- Google's TPUs reduce supply constraints versus GPU-limited rivals and can improve gross margins.
Focus On AWS Acceleration Over Baseline Growth
- Watch for sequential acceleration in AWS rather than absolute growth rates.
- Expect low-20s percent growth as baseline; anything above that would materially please investors.