Google shares fell 12 percent in morning trading after the company reported its first combined revenue and profit miss in nearly four years, driven in part by a sharp swing into negative free cash flow. The drop, which is the largest…
Further downside is certainly possible, but selling now won't erase the losses we've taken.
On Thursday, Amazon reported third-quarter revenue of $201.9 billion and earnings of $1.89 a share, both short of Wall Street forecasts, as its artificial intelligence buildout drained cash. Free cash flow came to an outflow of $42.4 billion over the past 12 months, compared…
NEW YORK, Oct 29 (Reuters) – Chip stocks took another hit after Thursday’s weak quarterly earnings report from Intel, which could make for interesting dynamics when trading reopens on Friday. The semiconductor index sold off in post-close trading on Thursday after chipmaker…
Amazon’s cloud-computing revenue grew 39% year-over-year to $46 billion in the third quarter of 2026, but overall earnings fell short of Wall Street’s total revenue and earnings per share estimates, sending the stock down 6% in after hours trading. Amazon Web Services revenue beat…
By Anhata Rooprai and Max A. Cherney Oct 29 (Reuters) – Intel forecast quarterly revenue and profit below Wall Street estimates on Thursday, as a factory explosion in Israel and a prolonged slowdown in the PC market offset strong demand for its AI…
(Adds dropped word “between” in paragraph 2) Oct 29 (Reuters) – Amazon.com projected fourth-quarter revenue largely below Wall Street estimates on Thursday, raising concerns over muted retail demand over the crucial holiday season as higher household costs amid rising inflation pressure consumer…
Alphabet lost $480 billion in value on Thursday as shares sank 12% after poor earnings heightened investor concerns about massive artificial intelligence spending, marking the second-worst daily wipeout in market history and putting the Google parent on track for its worst dollar-loss…
The US filed a lawsuit on Thursday accusing Google of failing to give an employee his old job back or put him in a similar job following one year of military leave as a US Army reservist. The case is…
By Arasu Kannagi Basil and Manya Saini Oct 29 (Reuters) – Wall Street’s top alternative asset managers are betting on the AI boom by owning the infrastructure behind it and locking in rent through long-term leases. With concerns growing that debt-laden neocloud…
Google, Meta, Apple, Amazon and Microsoft as companies: their chiefs, earnings, antitrust fights and the billions they are spending on AI.
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