Internet
Lambda, Microsoft agree to multibillion-dollar AI infrastructure deal with Nvidia chips
In this photo illustration, a person is holding a smartphone with the logo of US GPU hardware company Lambda Inc. (Lambda Labs) on screen in front of website. Timon Schneider | SOPA Images | AP Cloud computing startup Lambda announced on Monday a multibillion-dollar deal with Microsoft for artificial intelligence infrastructure powered by tens of […]
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While AI spending is top of mind, online ads are driving a lot of Big Tech’s growth
META CEO Mark Zuckerberg (L) and Microsoft CEO Satya Nadella. Getty Images As tech giants increase their already breathtaking spending on artificial intelligence, their respective digital advertising businesses have also gained momentum. Quarterly earnings reports this week from Meta, Amazon, Alphabet and Microsoft all showed healthy revenue on the ads front. The rising online advertising […]
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Getty Images stock pops 19% on deal with Perplexity AI
The Perplexity application appears on a smartphone screen in this photo illustration in Athens, Greece, on October 2, 2025. Nikolas Kokovlis | Nurphoto | Getty Images Shares of Getty Images soared 19% on Friday after the company announced that it struck a multi‑year licensing agreement with Perplexity AI. Perplexity will be able to display creative […]
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Amazon’s stock soars 12% on third-quarter beat and increased spending guidance
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | Reuters Amazon shares soared 12% on Friday after the company reported an across-the-board beat for the third quarter and boosted its forecast for spending due to demand for artificial intelligence services. Cloud was a […]
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Tech’s $380 billion splurge: This quarter’s winners and losers of the AI spending boom
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images Tech’s internet giants have made it through earnings season, and they offered a consistent message to Wall Street: Artificial intelligence investments are only […]
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Palantir communications chief calls the company’s political shift ‘concerning’
CEO of Palantir Technologies Alex Karp attends the Pennsylvania Energy and Innovation Summit on the campus of Carnegie Mellon University in Pittsburgh, Pennsylvania on July 15, 2025. Andrew Caballero-reynolds | Afp | Getty Images Palantir‘s head of global communications said Wednesday that the company’s political shift toward the Trump administration is “concerning.” “I think it’s […]
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Reddit shares climb on earnings beat, strong forecast
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City. Spencer Platt | Getty Images Reddit reported third-quarter earnings on Thursday in which […]
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Amazon cloud records 20% sales growth, topping estimates
Amazon Web Services (AWS) CEO Matt Garman delivers a keynote address during the AWS re:Invent conference in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images Amazon said Thursday that revenue in its cloud computing business increased 20% in the third quarter, exceeding analysts’ estimates. Revenue at Amazon Web Services for the third […]
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Roblox stock slips 15% as company expects more spending on safety and infrastructure
Roblox shares sank 15% on Thursday as the company said it expects increased capital expenditures that could pressure margins. The gaming company said it expects capital expenditures of $468 million, an increase of $158 million from prior guidance. “Our operating margin could decline slightly year-over-year due to the combination of higher DevEx rates and the […]
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Amazon earnings: Cloud growth, holiday outlook and layoffs in focus
Amazon is slated to post results for the third quarter after the closing bell Thursday. Here’s what analysts polled by LSEG are looking for: Earnings per share: $1.57 Revenue: $177.8 billion Wall Street is also looking at other key revenue numbers: Amazon Web Services: $32.42 billion expected Advertising: $17.34 billion expected AWS growth will be […]
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