Amazon tops $3 trillion and Microsoft surges as Wall Street sets aside AI spending fears, for now

GeekWire Illustration Microsoft and Amazon both saw their stocks surge again Monday, riding a post-earnings tech wave across the stock market that pushed Amazon past $3 trillion in value for the first time. The gains follow earnings reports last week in which both companies’ cloud platforms exceeded expectations. Microsoft said Azure grew 43% , passing $100 billion in annual revenue for the first time.