Amazon tops cloud expectations on strong AI demand, shares rise - Reuters

Amazon tops cloud expectations on strong AI demand, shares rise  Reuters

Alphabet’s first-quarter profit soars as Google’s big AI bets help push stock to new highs - AP News

Alphabet’s first-quarter profit soars as Google’s big AI bets help push stock to new highs  AP News

Meta shares slide as plan to spend billions more on AI spooks investors

Other tech giants Alphabet, Microsoft and Amazon also reported quarterly earnings on Wednesday.

A.I. Spending Sets a Record, With No End in Sight

Google, Amazon, Microsoft and Meta reported more than $130 billion in quarterly capital expenditures on Wednesday as they build A.I. data centers. There’s more to come.

By Karen Weise

Meta Reports Big Revenue Jump and Projected Spending Increase - WSJ

Meta Reports Big Revenue Jump and Projected Spending Increase  WSJ

Google outpaces Big Tech rivals as AI spending plans rise to $725bn

Meta stock drops on capex increase while Alphabet’s cloud business grows faster than rivals Amazon and Microsoft

Tech giants’ results show rosy outlook for AI boom and US stock market

Google, Microsoft and Amazon report gains in cloud-computing businesses while Meta spending draws concern Unusual simultaneous reports of financial results by several of the US’s largest tech companies gave positive indications for the stock market despite widespread fears of an AI bubble on Wednesday. Four of the so-called Magnificent Seven tech stocks, the most valuable publicly traded companies in the world, reported their quarterly financial results on Wednesday. The cluster is not typic...

By Nick Robins-Early

Jeep maker Stellantis beats expectations as first-quarter operating income tops $1 billion

The multinational conglomerate posted first-quarter adjusted operating income of 960 million euros ($1.19 billion), comfortably beating analyst expectations.

Why Alphabet’s stock is the standout gainer on Big Tech’s monster earnings day

Alphabet’s earnings beat and strong cloud growth are helping to justify raised spending projections.

By Christine Ji

Google's subscriptions business is booming — and AI is a big reason

Google CEO Sundar Pichai. Bloomberg/Getty Images Google's subscription business saw its strongest quarter yet. YouTube and AI features tied to Google One were the biggest drivers. Subscriptions are becoming an increasingly important business for Alphabet. Google said it now has 350 million paying subscribers across its services — another boost to what is becoming an increasingly important part of the search giant's business. The company's subscriptions business grew 19% year over year in th...

Amazon Posts $181.5 Billion in Revenue and Smashes Wall Street’s Q1 Earnings Expectations

Amazon reported its latest quarterly earnings results Wednesday, revealing sales at its cloud business, Amazon Web Services (AWS), were up 28% year over year to $37.6 billion from January to March. Wall Street forecast earnings per share (EPS) of $1.65 on $177.2 billion in revenue, according to analyst consensus data provided by LSEG. Amazon reported adjusted EPS of $2.78 […]

By Jennifer Maas

YouTube’s Ad Business Hit $9.88 Billion Last Quarter

The number of paid subscribers across YouTube premium as well as Google One, Alphabet’s storage business, have hit 340 million.

By Caitlin Huston

AI Worries Have Returned to Wall Street. Now Come Earnings.

A slide in artificial-intelligence stocks comes ahead of earnings from key tech giants.

Seoul shares open at a fresh high on Samsung, strong earnings from US big techs

Seoul stocks opened higher Thursday at a fresh high of over 6,700 as investors bet that chip demand will remain solid amid strong earnings from Samsung and US big tech giants. The benchmark Korea Composite Stock Price Index added 48.49 points, or 0.72 percent, to a fresh high of 6,739.39, at the opening bell. On Wednesday, the KOSPI closed at a fresh high of 6,690.90, extending its gains to a third consecutive day. Overnight, major US indexes closed mixed, with the Dow Jones Industrial Average d

By The Korea Herald

YouTube Ad Revenue Rises 11% In Q1 To Near $10B Mark As Parent Alphabet Hits 350M Paid Subscriptions

YouTube ad revenue rose 11% in the first quarter compared with the same period in 2025, flirting with the $10 billion mark. The ad revenue haul of $9.883 billion was one of many solid parts of parent company Alphabet’s overall quarter. YouTube was cited by the tech giant, along with Google One, as a key […]

By Dade Hayes

Amazon tops cloud expectations on strong AI demand, shares rise

BASF beats top-line and bottom-line estimates; reaffirms FY26 outlook

Amazon Drops After AWS Growth Misses Whisper Estimates As Capex Soars

Amazon Drops After AWS Growth Misses Whisper Estimates As Capex Soars In our preview of Amazon's earnings, we summarized sentiment as "Bullish, But Concerns Remain" with JPM noting that client "conversations were heavily AWS-skewed with investor focus on degree of acceleration and cloud $ re-capture driven by core workloads, AI, & new partnerships. Still, some concerns remain on broader AI positioning/strategy, Trainium traction, & gap to Azure/Google Cloud growth. Strong Stores...

By Tyler Durden

Lagos public servants urged to embrace tech-driven governance

Lagos State is training senior public servants to embrace tech-driven governance, enhancing leadership skills for effective and modern service delivery. Read More: https://punchng.com/lagos-public-servants-urged-to-embrace-tech-driven-governance/

By Punch Newspapers

Meta shares slide as investors weigh Big Tech’s AI spending spree

Meta took the brunt of investor concerns on Wednesday over how the biggest US tech firms are spending massive sums on artificial intelligence (AI).

By Abubakar Ibrahim