Core Viewpoint - Amazon, Google, and Microsoft are expected to benefit from stable and healthy cloud spending according to UBS [2] Group 1: Company Insights - UBS spoke with 11 customers and partners at Oracle's AI World event to gather insights on cloud spending trends [2]

Market Trends & Cloud Spending - AI is transforming software and cloud spending [1] - Microsoft's Intelligent Cloud segment is growing faster than Productivity Software [1] - Intelligent Cloud segment is on track to be larger than Productivity Software in the next few quarters [1] - Intelligent Cloud segment grew +25% year-over-year [1] - Productivity Software segment grew +14% year-over-year [1]