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Microsoft and Alphabet both reported capital expenditure figures below analyst estimates, citing delays from graphics processing unit providers that will push available capacity into 2027.
Amazon’s cloud unit reported 39% revenue growth in Q3, reaching $45.98 billion and exceeding analyst expectations, marking the fastest expansion since late 2021.
Palantir reported stronger-than-expected third-quarter results, with U.S. commercial revenue topping government revenue for the first time as artificial intelligence tool adoption accelerates among businesses.
Moderna shares fell as much as 25% Thursday after a leak of cancer vaccine trial data, despite positive results showing significant efficacy when paired with Merck’s immunotherapy treatment.
Amazon shares fell over 6% after reporting negative free cash flow of $42.4 billion for the trailing twelve months, driven by surging AI infrastructure investments that exceeded capital expenditure guidance.
Coinbase’s third-quarter adjusted net income surged 66% to $719 million, driven primarily by gains in its cryptocurrency investment portfolio as bitcoin prices recovered significantly.
