AI Demand Lifts Q1 2026 Cloud Infrastructure Spend to $128.6 Billion

Global spending on cloud infrastructure totaled $128.6 billion in Q1 2026, up 35% year over year as AI workloads increased demand across major platforms. The three largest providers—Amazon Web Services, Microsoft, and Google Cloud—held about 28%, 21%, and 14% market share, respectively, together representing roughly two-thirds of total spend.