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Microsoft and Alphabet reported lower-than-expected capital expenditure figures, causing shares of AI infrastructure providers CoreWeave, Nebius, and IREN to decline amid ongoing hyperscaler buildout demands.
Amazon’s AWS cloud division reported third-quarter revenue of $45.98 billion, up 39% year-over-year, exceeding analyst expectations as major cloud providers accelerate growth.
Coinbase reported third-quarter adjusted net income of $719 million, up 66% year-over-year, driven primarily by gains in its cryptocurrency investment holdings as bitcoin recovered significantly.
ServiceNow stock declined 27% following third-quarter earnings that fell short of expectations, reigniting concerns about artificial intelligence disruption in the software sector.
Amazon’s shares declined more than 7% after third-quarter earnings and revenue missed Wall Street expectations, while the company maintained its 2026 capital expenditure forecast at $220 billion.
Norwegian Cruise Line Holdings shares surged 13% after reporting third-quarter earnings that exceeded expectations and raising full-year guidance.
