Does it matter to you from a market sentiment perspective if there's squabbling at the top of the US domiciled companies. Is it a worry that we'll see perhaps invidious being questioned in terms of its dominance. I think it's quite healthy.We've seen the trade has delivered enormous returns for markets over the last two years and we're, I think, all kind of experiencing the sigh of relief of this exhale. I guess in a way, we've moved from a rising tide, lifts all boats to more choppier waters, and investors ...

SAP will maintain access to Microsoft’s cloud services even if a foreign government attempts to cut it off, after Donald Trump’s administration sanctioned an international court in the Hague. https://t.co/3HVxlLW43H ...

We’ve formed a partnership with NVIDIA and Microsoft.Claude is now on Azure—making ours the only frontier models available on all three major cloud services.NVIDIA and Microsoft will invest up to $10bn and $5bn respectively in Anthropic.https://t.co/3RA82NEIJ3 ...

US data center operator GMI Cloud plans to establish a new $500 million facility in Taiwan, joining bigger players such as Google in offering cloud services to the world’s most advanced chipmaking base https://t.co/6L55ZEyxwy ...

Core Insights - Akamai Technologies Inc. reported better-than-expected third-quarter results, leading to a 10% increase in share price during intra-day trading [1] - The company raised its full-year outlook, indicating strong growth potential [3] Financial Performance - Adjusted earnings per share for the third quarter were $1.86, exceeding analyst estimates of $1.64 [1] - Revenue for the quarter reached $1.055 billion, surpassing expectations of $1.04 billion, representing a 5% year-over-year increase or 4% on a constant-currency basis [1] - For 2025, Akamai raised its revenue outlook to between $4.178 billion and $4.198 billion, and adjusted EPS guidance to $6.93–$7.13, both exceeding consensus projections [3] Business Segments - The security business drove growth with revenue up 10% year-over-year to $568 million [2] - Cloud Infrastructure Services revenue surged 39% to $81 million [2] - Content delivery revenue fell 4% to $306 million [2] Future Guidance - The company forecasts fourth-quarter revenue between $1.065 billion and $1.085 billion, with adjusted earnings per share expected in the range of $1.65–$1.85, both at or above market expectations [2]

Core Insights - IBM plans to cut "thousands" of jobs in the current quarter as part of a strategic shift towards higher-growth software and services [1][2] - The job cuts will impact a low single-digit percentage of IBM's global workforce, which was approximately 270,000 employees at the end of 2024 [2] Group 1: Strategic Focus - IBM's consulting division faces challenges due to customer concerns about the economy, while the software division is gaining investor interest [3] - CEO Arvind Krishna aims to make the software division the largest business unit within IBM, capitalizing on increased spending in cloud services and artificial intelligence [3] Group 2: AI and Employment - In previous statements, Krishna indicated that IBM's investment in AI has led to an overall increase in employment, despite replacing some human resources roles with AI agents [4][5] - The company has leveraged AI and automation to enhance enterprise workflows, allowing for reinvestment in other areas [5] Group 3: Partnerships and Innovations - IBM has partnered with Anthropic to integrate the Claude family of large language models into its AI-first software development environment, enhancing its hybrid-cloud ecosystem [6] - The company is also developing the IBM Digital Asset Haven, a platform for managing digital assets across blockchains, in collaboration with Dfns [7]

Open AAI has signed a $ 38 billion deal with Amazon Web Services and it will immediately start accessing Nvidia's graphics processing units GPUs as part of this deal. AWS is sort of late to this party. So just to parse this a little bit, OpenAI of course has a number of different cloud providers.Amazon will not be the exclusive one. We already have Microsoft and Oracle and Google that provide cloud services to OpenAI. And in this sort of all of the above environment where open AAI has a lot of demand for th ...

Group 1 - Alphabet's stock (GOOGL) surged 11% in a week due to a strong Q3 2025 earnings report that exceeded analyst expectations, significant analyst upgrades, and robust momentum in AI and cloud services [2] - GOOGL's revenue growth of 13.4% over the last 12 months is strong, outperforming AAPL and AMZN, but lagging behind MSFT, META, and Z [7] - GOOGL's operating margin stands at 32.2%, which is high compared to most peers but lower than Microsoft's 46.3% [7] Group 2 - GOOGL's stock has increased by 62.1% in the past year, with a current PE ratio of 27.4, indicating strong performance relative to competitors [7] - A comparative evaluation of GOOGL against key competitors is essential to understand its market position and performance metrics [3][6] - The High Quality Portfolio has outperformed its benchmark, achieving returns exceeding 105% since inception, suggesting a less volatile investment alternative compared to individual stocks like GOOGL [5]

Financial Data and Key Metrics Changes - The company reported revenue of $180.2 billion for Q3 2025, representing a 12% year-over-year increase, excluding foreign exchange impacts [5][22] - Operating income was $17.4 billion, which would have exceeded $21 billion without two special expenses totaling $4.3 billion [5][23] - Trailing 12-month free cash flow stood at $14.8 billion [5] Business Line Data and Key Metrics Changes - AWS revenue grew by 20.2% year-over-year, marking the largest growth rate in 11 quarters, with an annualized revenue run rate of $132 billion [5][29] - North America segment revenue reached $106.3 billion, an 11% increase year-over-year, while the International segment revenue was $40.9 billion, up 10% year-over-year [23] - Advertising revenue was $17.6 billion, growing 22% year-over-year [18][28] Market Data and Key Metrics Changes - The backlog for AWS grew to $200 billion by the end of Q3, not including several unannounced deals in October [6] - Worldwide paid units increased by 11% year-over-year, indicating strong customer engagement [24] Company Strategy and Development Direction - The company is focused on expanding its AWS capabilities, particularly in AI and core services, and plans to double its overall capacity by the end of 2027 [33][14] - The company is committed to enhancing its grocery business through innovations like same-day delivery for perishables, which has significantly increased customer engagement [15][45] - The company is investing over $4 billion to expand its rural delivery network, aiming to improve service in underserved areas [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of AWS and the demand for AI services, highlighting the importance of Trainium chips for future scalability [5][35] - The company anticipates continued strong performance in the advertising sector, driven by its full-funnel advertising approach [58] - Management emphasized the need for a lean organizational structure to maintain agility and innovation in a rapidly changing market [46] Other Important Information - The company has made significant investments in robotics and automation, with over a million robots in its fulfillment network, aimed at improving efficiency and safety [48] - The company is exploring agentic commerce, which could enhance the online shopping experience through AI-driven solutions [50][52] Q&A Session Summary Question: AWS capacity levels and Trainium demand - Management indicated that AWS has added significant capacity, with 3.8 gigawatts in the last year and expects to double capacity by 2027, with strong demand for Trainium chips [33][35] Question: Trainium positioning versus third-party chips - Management acknowledged the importance of multiple chip options and highlighted the strong performance of Trainium, which is 30-40% more price-efficient than competitors [37][38] Question: Grocery business and same-day delivery - Management reported over $100 billion in gross merchandising sales in the grocery sector and emphasized the success of same-day delivery for perishables [42][45] Question: Future headcount and AI efficiencies - Management clarified that recent headcount changes were not primarily driven by financial or AI considerations but aimed at improving organizational efficiency and decision-making [46] Question: Robotics and automation investment - Management confirmed ongoing investments in robotics to enhance productivity and safety within fulfillment operations [48] Question: Agentic commerce and customer experience - Management expressed excitement about the potential of agentic commerce to improve online shopping experiences and indicated ongoing efforts to enhance customer interactions [50][52]

Core Insights - Alphabet Inc. reported earnings per share of $2.87, exceeding estimates of $2.30, and achieved a revenue of approximately $102.3 billion, surpassing the estimated $99.9 billion, marking its first time exceeding $100 billion in a quarter [2][6] - The company's profit surged by 33%, reaching just under $35 billion, driven by strong performance in its core advertising business and cloud computing unit [3][4][6] Financial Performance - Alphabet's revenue increased by 16%, highlighting robust sales in its cloud division and its continued dominance in the advertising sector [3] - The company's price-to-earnings (P/E) ratio is approximately 28.86, and the price-to-sales ratio is about 8.96, reflecting its strong financial standing [4] Debt and Liquidity - Google maintains a conservative use of debt, with a debt-to-equity ratio of about 0.10, indicating low leverage [5] - The current ratio is approximately 1.90, demonstrating a strong ability to cover short-term liabilities with short-term assets [5] - The enterprise value to operating cash flow ratio is around 25, and the earnings yield is approximately 3.46%, showcasing financial health and operational efficiency [5]