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AWS revenue grew 39% to $46.0 billion, but Amazon's trailing free cash flow swung to negative $42.4 billion on AI spending and shares fell in after-hours trading. Backlog is $578 billion, yet the cash is
Alphabet shares fell 12.64% on Thursday, the biggest one-day drop since Google went public in 2004, after negative free cash flow and a search ad miss. Microsoft barely moved, and investors seem to be so
The New York Times reports, citing unnamed sources, that US intelligence believes a Megaspeed executive acted as a Chinese intelligence asset and grew close to Nvidia CEO Jensen Huang. Nvidia says the co
Nvidia is putting $3 billion into Meta's stock offering, and Meta says it will deploy more Vera Rubin hardware in return. The AI money loop between supplier and customer just got a lot tighter.
Microsoft opened voluntary buyouts to about a quarter of its staff, up to vice president level, and they have until early December to decide. The memo never says AI, but the $175 billion capex forecast s
Meta launched a record equity raise of up to $95 billion to pay for its AI build out, and Nvidia, AMD and Broadcom have expressed interest in buying up to $5 billion of the shares.
