Three things we learned about AI from Big Tech earnings

Billions of dollars are being poured into a new wave of AI technology. But will it pay off?

IDC's Ma on Apple, Consumer Electronics Market

Bryan Ma, Vice President of Devices Research at IDC, discusses Apple's latest earnings and the outlook for the broader consumer electronics market. He speaks with Shery Ahn on Bloomberg: The Asia Trade. (Source: Bloomberg)

Big Tech’s A.I. Spending Keeps Rising. So Do the Jitters.

Amazon joined a procession of tech giants that ramped up their spending on artificial intelligence, as its capital expenditures soared 69 percent. Concerns over the industry’s spending is mounting.

By Karen Weise

Big Tech AI spending spree tops $1tn

Google, Amazon, Microsoft and Meta have vastly increased their investments since the AI boom began in 2023

Apple and Amazon report rising revenues as investors turn on some tech stocks

Both tech companies beat Wall Street predictions on revenue in their second quarters Apple and Amazon both released their second quarter earnings on Thursday, a test of investor confidence in major tech companies amidgrowing concerns over exorbitant AI spending. Apple revealed quarterly revenue of $109.4bn, beating Wall Street expectations of $108.65bn in revenue. It also reported $2.02 earnings per share, driven by sales of its marquee products such as iPhones and laptops. Continue reading...

By Nick Robins-Early

Wall Street is growing increasingly uneasy at the AI investment bubble

By John Ruwitch

Amazon’s Zoox secures US federal approval for steering-wheel-free robotaxis

Zoox will launch its commercial robotaxi service in Las Vegas after receiving federal clearance.

Tim Cook sees Apple's hybrid AI strategy as a 'competitive weapon'

Ahead of the launch of Siri AI, Apple's outgoing CEO Tim Cook said the company will charge for artificial intelligence through iCloud.

Micron, Sandisk and other chip stocks get major boosts in the wake of Microsoft’s earnings

Microsoft is spending heavily on AI but is also taking a “responsible” approach to its financials, an analyst said.

By Britney Nguyen

Amazon is proving you don't need the best model to win the AI race

Amazon CEO Andy Jassy. Andrej Sokolow/picture alliance via Getty Images The AI race has been about who has the best model. That is changing. Andy Jassy says customers want to use many different models and there won't be a single winner. Amazon is still building its own models to cut costs and move faster. Amazon's earnings on Thursday highlighted a surprising idea gaining traction across Silicon Valley: You don't need the best models to win in AI. The company reported blockbuster results, i...

Crocs shares slide as weak outlook draws focus from earnings beat

Apple Sales Rise 16% in June Quarter to Record $109 Billion, Services Revenue Falls Short of Forecasts

Apple turned in another solid earnings report overall for the June 2026 quarter, which marks the last earnings period for outgoing CEO Tim Cook. For the three months ended June 27, Apple’s Q3 of fiscal 2026, the tech giant reported total revenue of $109.4 billion, up 16% — a new quarterly record. Net income came […]

By Todd Spangler

Apple warns of slower September-quarter growth amid supply constraints

No driver, not even a steering wheel: Amazon’s Zoox wins landmark US approval for robotaxis

Zoox's vehicle has been designed specifically for autonomous travel rather than being adapted from an existing passenger car.

Seoul shares start 13% higher on US tech gains driven by Microsoft's strong earnings

South Korean stocks opened sharply higher Friday, surging by 13 percent, driven by gains in semiconductor shares stemming from an overnight rally in US tech giants backed by a strong earnings report from US tech giant Microsoft. After opening 1.15 percent higher, the benchmark Korea Composite Stock Price Index widened gains, raking in 727.42 points, or 13 percent, to 6,320.98 as of 9:15 a.m. The country's benchmark suffered a deep rout for the past three consecutive sessions. The KOSPI fell near

By The Korea Herald

Tim Cook’s Swan Song At Apple Sees Quarterly IPhone Sales Surge, Highflying Stock Dip

Apple saw revenue jump 16% to pass $109 billion for its fiscal third quarter ended in June. EPS of $2.02 included a tariff refund of 11 cents a share. It’s a momentous quarter beyond the numbers as it is CEO Tim Cook’s last presiding as chief executive. His successor John Ternus takes the reins Sept. […]

By Jillg366

Roblox's algorithm, safety changes dent bookings forecast; shares slump

DexCom rises on Q2 beats, raised 2026 revenue guidance midpoint

Amazon's Zoox wins first US approval for paid robotaxis without human controls

Zoox's robotaxi seats passengers inward, reaches 75 mph as Tesla and Waymo expand self-driving ride services

By Reuters

AI Exhaustion? Samsung Earnings Beat Expectations But Stock Abruptly Reverses Kneejerk Gains

AI Exhaustion? Samsung Earnings Beat Expectations But Stock Abruptly Reverses Kneejerk Gains Samsung Electronics delivered another good quarter last night, underscoring that the AI infrastructure boom appears to continue to funneling enormous profits toward the companies supplying the memory chips powering. Shares were up 10% at one point but finished the session red. The South Korean technology giant reported second-quarter revenue of 171.5 trillion won and operating profit ...

By Tyler Durden

Apple warns of future ‘supply constraints’ for Mac, iPhone, iPad

Apple spooked Wall Street on Thursday by warning it expected a "significant" hit from growing supply constraints for its most popular products.

By Abubakar Ibrahim