#earnings
32 stories taggedearnings · page 2 of 3.
SpaceX Reports Record Revenue but Shocks Investors With $16 Billion AI Spending Bill
The rocket company beat earnings expectations by a wide margin, then watched its share price drop 10 percent after revealing it spent nearly $16 billion on AI infrastructure in a single quarter.
AMD's AI chip sales just doubled in a year. Its gaming business? Not so much.
AMD made $6.7 billion from data centre chips in a single quarter, driven almost entirely by AI demand. Gaming revenue fell 31 percent.
SpaceX AI Revenue Tripled to $2.6 Billion, But the Division Still Lost $1.5 Billion
SpaceX is now a major seller of computing power to AI companies, but its AI arm is burning cash even as the broader company narrows its losses.
Apple's Tim Cook calls on-device AI a 'competitive weapon' as rivals pour billions into data centres
On his last earnings call as CEO, Cook argued that running AI directly on iPhones and Macs gives Apple an edge that no amount of cloud spending can easily copy.
Microsoft soars, Meta sinks: AI spending is splitting Big Tech in two
Both companies are pouring billions into artificial intelligence. One set of investors cheered. The other hit sell.
Reddit's CEO Takes Aim at Google's AI Search Summaries as the Company's Stock Slides
Steve Huffman used Reddit's quarterly earnings call to question whether Google's AI Overviews feature is quietly draining traffic and value from the platform.
SK Hynix posts record profits but its shares still drop 6.5%, here's why
The South Korean memory chip maker beat almost every measure of growth, yet Wall Street wanted even more. CNBC Tech reported the results first; what they reveal about AI's appetite for computer memory is worth every investor's attention.
Reddit had a great quarter. So why did its stock drop 10%?
Strong revenue, strong profit, strong guidance. None of it mattered once investors heard two words: 'choppy traffic.'
Amazon's cloud business is booming. But whose money is paying for it?
Amazon beat earnings forecasts and raised its spending plans to $220 billion. Investors cheered. The catch: a lot of that cloud revenue flows straight from AI companies that are still burning cash.
Teradyne Robotics hits $100 million in a single quarter, with AI driving the surge
The company that makes factory robots and warehouse vehicles posted its fifth straight quarter of growth, up 33% from a year ago. Its CEO says AI data centres are the reason why.
Microsoft Posts $90 Billion Quarter as Cloud and AI Drive Record Results
Azure revenue crossed $100 billion for the full year, Copilot reached 30 million paid users, and capital spending nearly doubled. Here is what the numbers mean and where the caution flags are.
Microsoft made more from Anthropic in one quarter than from OpenAI all year
Fresh earnings figures show Microsoft's bet on Anthropic is paying off fast, while its older stake in OpenAI had a rough three months.
Zuckerberg's AI media blitz fails to stop Meta's stock from falling 8%
A Wall Street Journal op-ed and a wave of interviews couldn't paper over weaker-than-expected quarterly earnings. Meta investors weren't buying it.
AI's Money Problem: Google's Ballooning Costs Spook Investors Across the Whole Industry
Google admitted it will spend up to $205 billion this year, more than its previous top-end forecast. That miscalculation is rattling investors, and the pressure is spreading to every major AI company.
Google and Tesla Are Burning Cash on AI. Wall Street Is Starting to Ask Why.
Both tech giants reported better revenue than expected, then watched their share prices fall. The culprit: eye-watering AI spending with returns investors can't yet see.