Amazon hikes 2026 capex to $220 billion due to higher memory costs
AWS sales expanded 37% year over year, which trounced analysts' expectations for 31% growth.

AWS sales expanded 37% year over year, which trounced analysts' expectations for 31% growth.
Leopold Aschenbrenner's hedge fund has sold all of its public stock holdings, according to people familiar with the matter.
Reddit reported second-quarter earnings that beat on the top and the bottom, and gave a revenue forecast that topped estimates.
Morgan Stanley is the lead banker engaging in advanced talks to lend $15 billion to Nexus Data Centers, CNBC confirmed.
Rivian reduced its 2026 spending plans and slightly narrowed its previously forecast losses this year as the company reported second-quarter results.
Jersey Mike's priced its initial public offering at $23 per share.
The future of AI may be dictated not by who builds the smartest model, but who builds the models everyone runs on. Right now, that's China.
President Donald Trump has promised a "golden age" for agriculture, but farmers in Iowa and elsewhere are struggling with tariffs and the Iran war.
The Fed held interest rates steady, but long-term Treasury yields jumped. Investors are questioning whether he will act forcefully enough on inflation.
Coinbase's Thursday report marked its third straight quarter missing Wall Street's forecasts for revenue and earnings.
Earnings on deck this afternoon for Apple and Amazon will likely decide if the stock market can end what’s so far been a rough week on solid footing.
Trump said he'd "like to see tariffs on Iran" added to a bill that would impose economic sanctions on Russia and those supporting its war against Ukraine.
The company is facing pressure to cater to a more cost-sensitive customer base.
Microsoft posted strong Azure and Copilot growth, while Meta missed revenue guidance forecasts as free cash flow plunged leading to diverging stock moves.
Strong earnings from Lam Research, Microsoft and Arm boosted hard-hit semiconductor stocks.
FIFA has faced backlash from global soccer governing bodies over the proposal to allow private investment.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Universal and Imax have extended the availability of 70 mm screenings of Christopher Nolan's retelling of Homer's epic into mid-September.
Retailer Reformation made its IPO on the New York Stock Exchange on Thursday under the ticker symbol "REF."
While the GDP number was below expectations, the miss appeared to come from a decline in federal government spending and inventories.
OpenAI's rogue models used publicly exposed credentials across "four accounts on four services" to help facilitate the Hugging Face breach.
The Senate Judiciary Committee, which includes Sens. John Cornyn and Thom Tillis, postponed a vote on advancing Todd Blanche's AG nomination.
Auto giant Stellantis on Thursday swung to profit in the second quarter, boosted by rising demand in North America.
Several renewable and AI-linked stocks that may be better buys than the majors right now, according to Wall Street.