And Amazon shares moving lower about uh 3/4 of a percent despite a beat on both the top and bottom line. You've got EPS coming in at $168 versus A$133. Revenue also beat at 167.7% billion versus 162.09% billion.Cloud AWS, this was a big number that analysts were looking for and that came in at a growth rate in Q2 of 17.5% just beating that 17.2% estimate there. We've also got a number on revenue for AWS at 30.87% billion uh just beating the street at $30.8% billion. And really that is the big number that we ...

bring in requisite capitals Brent Talkington, Odyssey Capitals Jason Snipe, and Big Technologies Alex Caneritz. All of them CNBC contributors. And I thank you for coming on to to kick this around with us.Alex, let's just start big picture here. I mean, it's natural to ask after this investment binge has been going on for a couple of years now. Uh, and it sort of tests the limits of just how much each of these individual companies can allocate of their free cash flow into uh AI infrastructure.When is the mar ...

Capital Expenditures and Investment - Amazon is on track to invest over $100 billion in capital expenditures this year, marking its most investment-heavy year ever [1] - The increased capital expenditure is part of a hyperscaler arms race, with Microsoft exceeding $100 billion and Alphabet boosting its spend to $85 billion [2] AWS Performance and Strategy - Approximately three-quarters of Amazon's capital expenditure is allocated to AWS infrastructure, including in-house chips and data center buildout [3] - AWS remains Amazon's profit juggernaut, contributing over 60% of operating income last quarter with margins triple the company average [3] - AWS's revenue is expected to increase by about 17% in Q2, which is slower than Google Cloud's 32% growth [4] - The industry is watching to see if AWS can reaccelerate and capture the next wave of cloud spending as generative AI workloads increase [5] Competitive Landscape - Microsoft disclosed $75 billion in Azure revenue for fiscal 2025, a 34% year-over-year increase, pushing its market value past $4 trillion [4] - The industry is closely monitoring Amazon's partnership with Anthropic to see if it begins to yield positive results [5]

AI Funding Landscape - AI 基础设施建设已演变成一场信贷竞赛，公司竞相获取资金 [2] - 一些公司，如 Coreweave，利用现有 GPU 作为抵押获得贷款，以购买更多 GPU，并承担双位数利率的巨额债务，目前已超过 170 亿美元的融资承诺 [2] - XAI 在 7 月份筹集了 100 亿美元，其中一半是债务，并据报道正在寻求额外的 120 亿美元融资，使用 Grock 模型 IP 等非常规抵押品 [3] - Meta 正在洽谈一项 290 亿美元的私募信贷交易，采用表外融资，以便在保持其信用指标的同时，大力投资于 AI 数据中心 [4] - OpenAI 的 Stargate 项目获得了超过 110 亿美元的资金，用于在德克萨斯州建设数据中心，并转向私人贷款机构而非银行或公共市场进行融资 [5] Financing Strategies & Risks - AI 正在改写科技公司借款、抵押和扩张的规则 [6] - 长期合同（如与 OpenAI 和 Microsoft 的合同）可以抵消部分风险，但公司仍在竞相在债务到期前创造收入 [2] - Meta 的表外融资虽然可以保护信用指标，但也降低了透明度 [4] - 拥有最智能的聊天机器人可能并不重要，重要的是能否支付账单 [6]

Core Insights - Amazon is set to report its second-quarter results, with analysts expecting key revenue metrics to be closely monitored [1] - Concerns regarding tariffs and trade policies have previously impacted investor sentiment, but recent analyst reports suggest a more manageable geopolitical backdrop [4] Revenue Expectations - The core online stores unit is projected to generate $58.98 billion in sales, while seller services revenue is expected to reach $38.7 billion for the quarter [3] - Overall revenue is anticipated to be $161.94 billion, with Amazon Web Services contributing $30.8 billion and advertising revenue at $14.99 billion [5] Management Commentary - CEO Andy Jassy indicated that the company has not experienced a decline in demand due to tariffs and has implemented measures to maintain price stability [2] - Analysts from Deutsche Bank noted that the supportive US consumer environment and waning tariff concerns contribute to their optimism regarding Amazon's performance [4]

Online retail giant Amazon is next in line among the mega-cap Mag Seven to report earnings. Full year Along with Apple, the tech titan will report results for the last quarter after the closing bell on Thursday. Capital expenditure estimate $104.42 billion Wall Street is feeling bullish heading into the report, with focus on AI and the AWS segment, as well as any further details about how sellers on the platform are navigating tariffs. Net sales estimate $162.15 billion EPS estimate $1.33 Online stores net ...

资料显示，金山云控股有限公司创立于2012年,作为中国知名的独立云服务商,业务范围遍及全球多个国 家和地区。2020年5月金山云在美国纳斯达克上市(股票代码:KC.NASDAQ);2022年12月,以介绍形式于香 港交易所主板完成双重主要上市(股票代码:3896.HK)。依托金山集团36年企业级服务经验,金山云坚持技 术立业,逐步构建了完备的云计算基础架构和运营体系,并通过与大数据、人工智能与边缘计算等先进技 术有机结合,深耕行业,提供超过150种适用于互联网、公共服务、数字健康、金融等领域解决方案,为 500+优质客户提供高品质云服务。 本文源自：金融界 大事提醒： 8月19日，金山云将披露2025财年中报（数据来源于纳斯达克官网，预计披露日期为美国当地时间，实 际披露日期以公司公告为准）。 7月31日，金山云(KC)开盘上涨6.51%，截至21:30，报14.57美元/股，成交185.51万美元，总市值40.74亿 美元。 财务数据显示，截至2025年03月31日，金山云收入总额19.7亿人民币，同比增长10.94%；归母净利 润-3.14亿人民币，同比增长12.66%。 作者：行情君 ...

Stock Performance - Amazon's stock is up approximately 45% year-to-date, positioning it in the middle of the "Magnificent Seven" but underperforming both the NASDAQ and S&P 500 [1] - Apple's stock is down nearly 2% since its last earnings report [1] AWS Performance - Analysts anticipate AWS to grow by about 17% this quarter, while also demonstrating signs of reacceleration in the latter half of the year [2] - AWS missed revenue estimates for the third consecutive quarter in Q1 [2] Investment and Capex - Capex is projected to exceed 100 billion this year, with approximately 74 billion allocated to cloud infrastructure and in-house chips [3] - Amazon is strengthening its ties with Anthropic [3] Retail Performance - Analysts expect approximately 10% year-over-year growth in North America retail [4] - The online stores segment will provide insights into the current state of the US shopper [4]

Core Viewpoint - The UK's competition regulator has identified that Microsoft and Amazon are negatively impacting competition in the cloud computing sector and has called for further investigation under new tech regulations [1][2]. Group 1: Market Dynamics - The Competition and Markets Authority (CMA) has noted that market concentration and entry barriers in the cloud services market have allowed Microsoft and Amazon to maintain "significant unilateral market power" [2]. - Both companies have been able to achieve financial gains that exceed their capital expenditure costs over a prolonged period [2]. Group 2: Industry Practices - Major tech companies, including Amazon, Microsoft, and Google, have established substantial businesses by providing internet-based access to computing resources, such as data storage and processing [3]. - The CMA is concerned about practices like egress fees and unfavorable licensing terms, which create a "lock-in" effect, making it challenging for businesses to exit contractual agreements [3].

Core Insights - Alibaba Cloud announced a comprehensive upgrade of its self-developed big data platform ODPS architecture, promoting deep integration of big data and AI [1] Group 1: Upgrade Details - The upgrade focuses on ultra-large-scale data processing, with ODPS leveraging a cloud-native architecture to achieve elastic scheduling capabilities across hundreds of thousands of computing clusters [1] - The peak data processing capability of ODPS reaches 50 billion times per second [1] Group 2: New Features - A lake-warehouse integration solution was launched to support unified storage of all-modal data [1] - ODPS introduces an incremental computing engine (DLMV) and near-line query (MaxQA) to bridge the gap between real-time and offline data processing [1] - An intelligent SQL programming assistant was also introduced to enhance data development and analysis efficiency, enabling "AI to directly monetize business value" [1]