See the full story in the original article.
Read the original on Yahoo Finance ↗
Keywords
AMZNAnthropicdata centersartificial intelligence
Open a keyword to see other news on the same topic.
Related tickers and likely impact
AMZN
▲ Likely positiveAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/09/2026 | 262.43 |
| Change that session | +3.29% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Anthropic Says It Turned an Adjusted Profit Ahead of Its Expected IPO
Anthropic told potential investors on Wednesday that it reached profitability on an adjusted basis in the third quarter, with third-quarter revenue of $16.8 billion, though it declined to comment on the figures or listing timing. Documents previously reviewed by Bloomberg showed revenue of $386 million in 2024 and about $4.6 billion in 2025, alongside an operating loss above $8 billion and a net loss near $42 billion. Adjusted measures typically exclude stock compensation and noncash items, so they reflect operating trends more than bottom-line results. Google holds roughly 14% of Anthropic under a contract capping the stake at 15%, while Amazon has invested about $8 billion since 2023 and committed up to $20 billion more; the article argues Amazon likely gains more value from a listing, citing its $53.4 billion pre-tax gain in the second quarter and AWS growth. Formal IPO marketing could begin as soon as the week of November 9, with a listing targeted before year-end, though plans may change, and shares of Alphabet and Amazon both fell 1.74% that day.
- Update: Market Chatter: Anthropic Revenue Hits $16.8 Billion in Q3, AI-Modeler Cash Flow Positive
- Anthropic Deal Report Gives IREN Stock Early Boost Before Gains Fade
- IREN Stock Jumps on Talk Anthropic Is Its Mystery AI Customer
- AWS Backlog Hits $496 Billion While Cloud Margins Surge to 39% Making Amazon a Must-Own Growth Stock
Amazon's AWS backlog reached $496 billion, more than double the $244 billion at the start of 2026, which the article cites as a key driver of growth. In its fiscal second quarter, Amazon's revenue rose 20% to $200.6 billion, its best revenue growth since 2021, while AWS sales jumped 37%. AWS operating margin climbed 650 basis points to 39.4% from 32.9% a year earlier. Net income reached $62.6 billion, or $5.75 per share, but was inflated by a $53.4 billion gain on its Anthropic investment, and the company plans $220 billion in capital expenditures with negative free cash flow in the quarter. The author argues the stock is cheap at about 20 times earnings, near its lowest level in more than 10 years, after rising about 13% year to date.
- 3 Cloud Leaders That Will Make a Fortune From AI
The author favors Amazon (AMZN), Alphabet (GOOG, GOOGL) and neocloud provider Nebius (NBIS) as beneficiaries of surging AI computing demand. Amazon and Alphabet each plan to spend at least $200 billion on data center capital expenditures this year, with AWS growth accelerating to 37% and Google Cloud to 82%; their backlogs reached $496 billion and $514 billion, respectively, at the end of the second quarter. Nebius, which is much smaller and not yet profitable, reported 454% year-over-year revenue growth in Q2, and analysts expect 519% and 540% growth in Q3 and Q4, plus another 268% increase in 2027. The author sees large upside for Nebius but says its success depends on reaching profitability before the demand wave ends.
Related markets
Latest news
- Prediction: Nvidia Will Outperform Broadcom Over the Next 5 Years
The article compares Nvidia and Broadcom, two leading semiconductor companies in the AI boom. Over the past five years, Nvidia's shares have risen about 904% and Broadcom's about 563%, as of writing. The author predicts Nvidia will outperform Broadcom over the next five years, citing its more than 90% share of the GPU market and its CUDA ecosystem, while Broadcom holds roughly 60% of the ASIC market and its AI semiconductor business has lower gross margins than its infrastructure software segment. On valuation, Broadcom trades at 19.4x forward earnings and Nvidia at 24.9x, versus an average of 19.3x for information technology stocks; the author argues Nvidia's higher premium is warranted given its position in AI.
- IRS plans lower tax disclosure penalties, including for crypto: Forbes
The US Internal Revenue Service (IRS) is preparing to overhaul its voluntary disclosure program to cut penalties and speed up the resolution of tax violations, including those involving cryptocurrencies, according to Forbes. IRS Criminal Investigation Chief Jarod Koopman said the revised program is targeted for launch before December, with cases aimed to be resolved within 120 days after taxpayers complete the required submission process. Digital assets would not get a separate disclosure process but would follow the same procedures as other tax noncompliance, and penalties are expected to be substantially lower, though no specific figures were given. Separately, the Digital Asset Tax Certainty Act, whose Section 502 would set a process for correcting past crypto violations with defined penalties, cleared the House Ways and Means Committee in September.
- GE Vernova Fell Nearly 11% in a Day After Meta’s Earnings. Here’s Where the Stock Could Go by 2030
GE Vernova (GEV) closed at $827.42 on October 22, down 10.64% after Meta Platforms (META) reported third-quarter results showing $34.91 billion of capital spending and negative free cash flow of $2.12 billion. The stock was 29.57% below its June 30 record close of $1,174.86, though still up about 27% in 2026. The article links the sell-off to concerns about how AI buyers fund equipment, noting that GE Vernova's gas customers often pay early, with one slot reservation agreement requiring about 25% down. Second-quarter cash from operations reached $5.49 billion, but adjusted EPS of $2.41 missed the $3.01 estimate, and consensus expects free cash flow to fall about 35% in 2027. GE Vernova reports on October 28, when BofA Securities expects $21.0 billion of orders against a $22.2 billion consensus.
- AMD Stock Fell 8% in a Day as Lam Research’s Supply Warning Sank Chip Stocks. Here’s Where the Stock Could Go by 2030
AMD closed at $507.93 on October 22, down 8.10% after Lam Research (LRCX) said supply constraints held down its guidance, a drop larger than the 6.72% fall in the Philadelphia Semiconductor Index. The stock was 21.79% below its October 6 record close of $649.42. The article attributes the decline to a lower multiple rather than to estimates: AMD's NTM P/E fell from about 55x to about 46x between September 30 and October 22, while NTM normalized EPS held near $11. The main risk it identifies is the timing of rack-scale shipments, since delays would cut the estimates the model starts from. AMD reports third-quarter results on November 3 after the close.
- Meta and Google About to Run the Old Playbook Again, Will “Sell Space Inside Their Models.”
Former Stability AI CEO Emad Mostaque says Meta and Google will sell space inside their AI models, so that a request for beer could return a Bud Light recommendation. The article notes that ad revenue lets Meta and Alphabet give AI away free, while rivals that rely on paying developers must charge; Meta reported $201 billion revenue in 2025 at a 41% operating margin, and Alphabet's operating margin was 32%. According to the article, Meta's Muse launch post says conversations are kept out of its ad systems, even though Muse became the #1 free app and has paid plans at $20 and $100 a month. The article argues that putting ads inside answers is a much bigger step than placing ads beside search results and could make users doubt recommendations, and notes Meta reports third-quarter results this week.
- Is Elon Musk Coming for Verizon?
A Motley Fool Hidden Gems podcast discusses SpaceX's wireless ambitions after a reported spectrum acquisition sent Verizon stock down about 10%. One host says his current service was about eight times faster than SpaceX's $55 offering, and doubts many users would accept the slower speeds and higher latency of satellite connections. The guests note the spectrum suits terrestrial networks better than satellites, that building one could cost 10 billion or more, and that mobile carriers are valued at less than two times sales. With roughly 11,000 satellites in orbit and an estimated 40,000 users per newer satellite, Starlink could theoretically serve hundreds of millions, but speed and capital expenditure remain open questions.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.