Amazon stock jumps after crushing Q2 earnings estimates as AWS posts its fastest growth in 18 quarters, reinforcing confidence in its AI strategy.
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Amazon stock jumped after the e-commerce and cloud-computing giant reported second-quarter results. The closely-watched Amazon Web Services business grew 37% to $42.4 billion. Analysts were forecasting 31.3% growth for AWS prior to the report.
The company posted a higher second-quarter profit of $253 million as growth in the platform’s users continued to boost advertising revenue.
Year-over-year revenue growth for Amazon Web Services came in at 37% for the second quarter as AI drives computing demand.
Meta raised its minimum capital-spending forecast as its artificial-intelligence infrastructure expansion consumed substantially more cash.
Modine Manufacturing (MOD) is in focus after reporting first quarter results on July 29, with earnings per share and net income above the prior year, as well as new guidance for higher net sales in fiscal 2027. See our latest analysis for Modine Manufacturing. Despite the strong first quarter report and updated guidance, Modine Manufacturing’s share price has recently given back ground, with the 30 day share price return down 30.55% and the 1 day move down 14.43%. However, the 1 year total...
Amazon.com topped market expectations for quarterly cloud revenue growth on Thursday on the back of surging enterprise AI spending, signaling the company's hefty investments were bearing fruit. Revenue at its cloud computing unit, Amazon Web Services, jumped 37% to $42.2 billion in the second quarter ended June 30, compared with analysts' consensus estimate of a 31.21% increase, according to data compiled by LSEG. Amazon said it burned $7.6 billion of cash on a trailing twelve months basis in the second quarter, compared to $18.2 billion in free cash flow a year earlier.
Solstice Advanced Mat (NASDAQ:SOLS) reported second-quarter results that exceeded its prior guidance range, supported by demand in refrigerants, nuclear energy, electronic materials and healthcare packaging. The company also raised its full-year outlook as it continues to invest in capacity expansio
Silicon Motion Technology (NASDAQ:SIMO) reported record second-quarter revenue of $451 million, up 32% sequentially and 127% from a year earlier, as growth in automotive storage, enterprise boot drives, embedded controllers and new enterprise SSD products exceeded the company’s expectations. Presid
Analysts favor Palantir ahead of earnings.
The Nasdaq Composite led gains, up 2.8%, while the S&P 500 rose 1.7%. "Typical snap back day after an exagerated Fed Day move," Carson Group's chief strategist Ryan Detrick said, nodding to tech leading gains. Tech stocks were more than pulling their weight, leading the climb higher.
Lam Research forecast quarterly revenue and earnings substantially above expectations as AI investment increased chip-equipment demand.
Exxon is expected to post its strongest earnings and free cash flow since 2022, leaving investors focused on how the oil giant deploys its windfall.
Chevron is benefiting from higher oil prices while pursuing new growth opportunities in Iraq, Venezuela, Argentina, and power generation for AI data centers.
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Investors are weighing expected double-digit revenue growth against margins, component costs and Apple's new device-leasing strategy.
CoreWeave is the latest company having to pay up to attract investors into a data center-related debt sale. The AI computing company just revised the terms of its $2.6 billion leveraged loan sale, offering yields of around 5.5 percentage points above benchmark SOFR interest rates, a person familiar with the matter said. "As with any first-of-its-kind financing structure, aspects of the transaction evolved during syndication as investors evaluated the opportunity."
Robinhood Chairman and CEO Vlad Tenev says the prediction markets business is the fastest growing in the firm's history. Speaking on "Bloomberg The Close," Tenev also discusses the company's initiatives, Trump Accounts and the future of crypto.
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AMD's 2.5-gigawatt infrastructure agreement could expand the capacity available to customers deploying its artificial-intelligence systems.
Intuitive Surgical (ISRG), maker of the da Vinci surgical robot, has been one of the year's most punished large-cap healthcare names, down about 37% even as revenue keeps climbing. Analysts spent months cutting targets. Then one firm broke from the pack and told investors the fear had gone too far. ...
Leopold Aschenbrenner’s Situational Awareness dominated headlines today when reporting surfaced that the wunderkind’s AI hedge fund sold all of its public positions to Citadel.
Individual investors are taking some of their chips off the table. Retail traders have piled out of hardware stocks and other artificial-intelligence shares in recent days, according to separate reports from JPMorgan and Vanda Research.
Pilgrim's Pride (NASDAQ:PPC) reported second-quarter 2026 net revenue of $4.63 billion and adjusted EBITDA of $360 million, as higher chicken supply and lower commodity pricing weighed on results despite continued demand growth in retail and foodservice channels. Adjusted EBITDA margin was 7.8%, do
Aerospace Products revenue surges 78% YoY as FTAI raises 2026 module production guidance to 1,200 units and secures a $1.465 billion hyperscaler order for its Power segment.
Kinross Gold Corp (KGC) delivered a strong Q2 with 492,000 ounces of production and over $725 million in free cash flow, positioning it well for full-year guidance.
Federal backing still leaves major execution hurdles ahead