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from24/7 Wall St.
1 day agoS&P 500 Rises on Big Tech Bump, Corporate Profits and Oil Price Relief
The S&P 500 is gaining momentum due to a market rebound, falling crude oil prices, and strong first-quarter earnings reports.
Should cloud industry supply constraints sustain, see management expectation for doubling AWS capacity by '27 supporting multi-quarter revenue acceleration. Estimate new capacity could add $150B in annual revenue, driving material upside potential to '27/'28 estimates,