Microsoft and Amazon Lead Tech Spending Survey
Yahoo Finance ·
Microsoft and Amazon Lead Tech Spending Survey Moz Farooque ACCA Fri, June 26, 2026 at 1:50 PM EDT 1 min read MSFT AMZN PANW ADBE NOW This article first appeared on GuruFocus . Microsoft ( NASDAQ:MSFT ) and Amazon ( NASDAQ:AMZN ) screened well in a Jefferies survey showing stronger 2026 spending intentions for software, cloud and AI. Jefferies surveyed 40 IT executives and found expected software budget growth of 6.2% in 2026, up from 4.8% in 2025. Cloud spending is expected to grow 10.1%, while cybersecurity budgets are projected to rise 6.2%. AI also remains a major priority, with 68% of CIOs now having dedicated AI budgets. Warning! GuruFocus has detected 7 Warning Signs with PANW. Is PANW fairly valued? Test your thesis with our free DCF calculator. Microsoft stood out, with 85% of CIOs expecting to spend more in 2026 and none planning to spend less. AWS also screened positively, with 56% expecting higher spending. Palo Alto Networks ( NASDAQ:PANW ) and ServiceNow ( NYSE:NOW ) also ranked well, while Adobe ( NASDAQ:ADBE ) was the weak spot, with a negative spending score. Jefferies said AI and security remain top priorities, and token and API spending is already running above plan for many companies.
AI 시장 분석
In a Jefferies survey of 40 CIOs, 2026 software budgets are expected to increase by 6.2%, cloud by 10.1%, and cybersecurity by 6.2%, with 68% reporting they have a dedicated AI budget. MSFT stood out as 85% of CIOs plan to increase spending with it, and AMZN (AWS) also received positive responses. PANW and NOW were well regarded, while ADBE appeared weak. Budget increases focused on AI, cloud, and security are expected to have a positive impact across the market through revenue and margin improvements for related solution providers and increased infrastructure demand.
상승 영향
- Cloud infrastructure — Cloud infrastructure (AWS, Azure, etc.) has more than 56% of respondents planning to increase spending, boosting demand for instances, storage, and managed services and directly benefiting major suppliers such as MSFT and AMZN.
- AI platforms and tools — With 68% of CIOs holding dedicated AI budgets, demand for large-scale model operations, algorithm development, and data pipelines should rise, driving revenue growth and higher-margin product sales for AI platform and service providers.
- Cybersecurity — Cybersecurity budgets are expected to increase by 6.2%, which should expand demand for products and services from security vendors like PANW and broaden the market for managed security and consulting offerings.
- Enterprise software (SaaS) / IT automati — Rising software budgets and a positive assessment of ServiceNow (NOW) are likely to stimulate demand for ITSM, workflow automation, and subscription SaaS, supporting steady subscription-revenue growth.
- API / token infrastructure — Spending on tokens and APIs is already exceeding plans, creating additional revenue and customer-acquisition opportunities for API management, authentication/tokenization solutions, and developer platform vendors.
하락 영향
- Digital media / creative software — Adobe (ADBE) scored poorly in the survey, suggesting potential weakness in creative tool subscription growth that could weigh on subscription expansion and pricing power.
AI가 생성한 분석으로 투자 자문이 아닙니다.
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