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Amazon set to report earnings: AI and tariffs are key to the second quarter

Amazon will report second-quarter results after the market close Thursday. Here's what analysts surveyed by LSEG are expecting: Earnings per share: $1.33 $1.33 Revenue: $162.09 billion Wall Street is also looking at other key revenue metrics: Amazon Web Services: $30.8 billion, according to StreetAccount $30.8 billion, according to StreetAccount Advertising: $14.99 billion, according to StreetAccount The company spooked investors in May when it warned in its earnings report that "tariff a

Figma more than triples in NYSE debut after selling shares at $33

Figma 's stock more than tripled in its New York Stock Exchange debut on Thursday, a day after the design software company sold shares at $33 in its IPO. The big opening pop is the latest indication that the tech IPO market has reopened following a multi-year lull that began in early 2022, when inflation was soaring and interest rates were on the rise. So far this year, online bank Chime , stablecoin issuer Circle and artificial intelligence infrastructure provider CoreWeave have hit the market

Figma’s stock soars in its highly anticipated IPO, market cap instantly hits $45B

Figma began trading on the New York Stock Exchange on Thursday after a long delay. It soared so quickly that trading was halted for a short time due to market volatility. The price is currently bouncing between $101 and $112 with a mid-day market cap of $45 billion, Yahoo Finance reports. The company and existing investors sold shares at the IPO price of $33 per share. Quite the pop. There has been so much demand for this stock that people on X are posting funny pictures of their orders being

Amazon earnings primer: Why AI and tariffs are key to the second quarter

Amazon will report second-quarter results after the market close Thursday. Here's what analysts surveyed by LSEG are expecting: Earnings per share: $1.33 $1.33 Revenue: $162.1 billion Wall Street is also looking at other key revenue metrics: Amazon Web Services: $30.8 billion, according to StreetAccount $30.8 billion, according to StreetAccount Advertising: $14.99 billion, according to StreetAccount The company spooked investors in May when it warned in its earnings report that "tariff an

GitHub Copilot crosses 20M all-time users

GitHub Copilot, an AI coding tool offered by Microsoft-owned GitHub, has now reached more than 20 million users, Microsoft CEO Satya Nadella said on the company’s earnings call Wednesday. A GitHub spokesperson confirmed to TechCrunch that this number represents “all-time users.” That means 5 million people have tried out GitHub Copilot for the first time in the last three months — the company reported in April the tool had reached 15 million users. Microsoft and GitHub don’t report how many of

Arm stock tumbles on chip designer's muted profit forecast

Shares of Arm Holdings plunged 12% on Thursday after the chip designer offered muted guidance for earnings. Second-quarter adjusted earnings will be between 29 cents and 37 cents per share, Arm said late Wednesday. Wall Street had projected 35 cents per share. The company forecast second-quarter revenue of $1.01 billion to $1.11 billion, which was in line with consensus estimates of $1.05 billion. The concerning outlook was amplified by commentary from Arm CEO Rene Haas, who indicated the com

Microsoft becomes the second $4 trillion company

is a senior editor and author of Notepad , who has been covering all things Microsoft, PC, and tech for over 20 years. Microsoft’s stock price has risen so much today that it has passed a $4 trillion market valuation for the first time in its 50-year history. The software maker is the second company to be valued at $4 trillion, after Nvidia reached a market cap of over $4 trillion earlier this month. Microsoft has reached this milestone thanks to better-than-expected earnings, and the company

Roblox stock soars 16% after revenue beat, strong user growth

Roblox stock soared 16% Thursday after the company reported second-quarter revenue that beat expectations amid strong user growth. The gaming platform saw $1.44 billion in net bookings, up 51% over the year prior. Analysts polled by LSEG expected $1.24 billion in net bookings for the quarter. User and engagement numbers were also strong for the company, with daily active users at 111.8 million, up 41% year-over-year, and hours engaged at 27.4 billion, up 58% year-over-year. StreetAccount expe

Figma CEO says AI superintelligence is not a looming threat to the company

Figma co-founder and CEO Dylan Field said Thursday that artificial intelligence doesn't pose a serious threat to the future of the design software company, which is on the verge of debuting on the public markets. "We're in this moment where you might, if you're singularity-pilled, go, 'Hey, superintelligence is coming and it'll be able to do things that no human can do," Field told CNBC's "Squawk Box." "I have a harder time believing that we're going to approach that really quickly right now, b

OpenAI to launch AI data center in Norway, its first in Europe

OpenAI said Thursday that it plans to launch Stargate Norway, its first AI data center in Europe, in partnership with British AI cloud infrastructure provider Nscale and Norwegian energy infrastructure firm Aker. Nscale will design and build the site, and it will be a 50/50 joint venture between the two companies. OpenAI will be an “off-taker” in the project, buying capacity from the data center. The announcement comes as Europe races to achieve AI sovereignty and invest in data centers and co

Microsoft officially tops $4 trillion in market cap, joining Nvidia in exclusive club

Microsoft Chairman and CEO Satya Nadella speaks in front of the OpenAI logo at the Microsoft Build conference in Seattle, Washington, on May 19, 2025. The $4 trillion club has a second member. Microsoft shares climbed more than 5% Thursday following a better-than-expected earnings report, lifting the software giant's market cap above the $4 trillion mark. The company joined chipmaker Nvidia , which hit $4 trillion for the first time earlier this month. Microsoft reported 18% revenue growth,

Meta, Microsoft roar higher on strong earnings as AI spending booms

Shares of Meta soared 12% and Microsoft popped 5% on Thursday, after the companies reported better-than-expected earnings that beat on top and bottom lines. Microsoft topped the $4 trillion market cap benchmark with the move, joining Nvidia in the club. Both Meta and Microsoft have been investing heavily in artificial intelligence infrastructure in recent years, and the companies said they expect to continue to shell out billions in capital expenditures. Meta said capital expenditures will ra

Weirdly Hot Rocks in New England Traced to 80-Million-Year-Old Greenland Rift

Roughly 124 miles (200 kilometers) beneath the Appalachian Mountains in New England lies the aptly named Northern Appalachian Anomaly (NAA), a mysterious 218-mile-wide (350-km) region of unusually hot rock. Researchers have long believed that the NAA resulted from the plate tectonic movement that broke North America off northwest Africa 180 million years ago. In a new study published Tuesday in the journal Geology, however, a team of international researchers argue that the hot, subsurface rock

Robinhood reports second-quarter earnings beat with revenue climbing 45%

Robinhood beat Wall Street expectations for the second quarter Wednesday, extending a hot streak that has made it the best-performing large-cap U.S. tech stock this year. Here is how Robinhood's results compared to Wall Street estimates, according to analysts surveyed by LSEG: Earnings per share: 42 cents vs. 31 cents expected 42 cents vs. 31 cents expected Revenue: $989 million vs. $908 million expected Revenue jumped 45% year-over-year to $989 million, while net income more than doubled to

Figma prices IPO at $33, above expected range

Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg Technology Summit in San Francisco on May 9, 2024. Figma, the developer of design software that was supposed to get acquired by Adobe, priced its IPO on Wednesday at $33 per share, above its expected range. The company's stock will debut on the New York Stock Exchange under the ticker symbol "FIG" on Thursday. The offering raised $1.2 billion, with most of the proceeds going to existing stockholders. Figma is aiming to take ad

Meta's big AI spending blitz will continue into 2026

Meta CEO Mark Zuckerberg plans to continue his company's artificial intelligence spending blitz well into the next year as rival tech giants do the same. Zuckerberg told analysts Wednesday during a second-quarter earnings call that AI's rapid pace of progress has informed much of Meta's recent business decisions, including the company's $14.3 billion June investment into the data-annotating startup Scale AI as part of a revamped AI strategy involving a wave of high-profile hires. AI's swift ad

Samsung's profit more than halves, missing expectations as chip business plunges 94%

Samsung Electronics on Thursday reported a second-quarter operating profit of 4.7 trillion Korean won, missing expectations, weighed by a 93.8% profit slump in its chip business. While Samsung's second-quarter operating profit beat its own forecast of around 4.6 trillion won, it was a steep drop from the 10.44 trillion won recorded in the same period last year. The South Korean technology giant posted a quarterly revenue of 74.6 trillion won, up slightly from 74.07 trillion won a year earlier

Kleiner Perkins-backed Ambiq pops on IPO debut

Ambiq Micro, a 15-year-old manufacturer of energy-efficient chips for wearable and medical devices, closed its first day of trading on Wednesday at $38.53 a share, a 61% increase from the $24 IPO price the company set the previous day. The success of the IPO signals strong investor demand in the public market for new small-cap companies benefiting from AI innovation. Ambiq closed its first day as a public company with a valuation of $656 million (excluding employee options). This represents a

GitHub Copilot crosses 20 million all-time users

GitHub Copilot, an AI coding tool offered by Microsoft-owned GitHub, has now reached more than 20 million users, Microsoft CEO Satya Nadella said on the company’s earnings call Wednesday. A GitHub spokesperson confirmed to TechCrunch that this number represents “all-time users.” That means five million people have tried out GitHub Copilot for the first time in the last three months; the company reported in April the tool had reached 15 million users. Microsoft and GitHub don’t report how many o

Microsoft stock pops 9% on earnings beat as Azure annual revenue tops $75 billion

Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025. Microsoft shares jumped 9% in extended trading on Wednesday after the company reported better-than-expected earnings and revenue for the fiscal fourth quarter. Here's how the company performed in comparison with LSEG consensus: Earnings per share: $3.65 vs. $3.37 expected $3.65 vs. $3.37 expected Revenue: $76.44 billion vs. $73.8

EBay stock surges on earnings beat, rosy guidance

Shares of eBay popped 10% in extended trading on Wednesday after the online marketplace posted stronger-than-expected results for the second quarter, and offered an upbeat forecast for the current period. Here's how the company did in the second quarter compared to analyst estimates compiled by LSEG. Earnings per share: $1.37 adjusted vs. $1.30 expected $1.37 adjusted vs. $1.30 expected Revenue: $2.73 billion vs. $2.64 billion expected GMV, or the dollar value of items sold, grew 6% year ove

Microsoft stock pops 8% on earnings beat as Azure annual revenue tops $75 billion

Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025. Microsoft shares jumped 8% in extended trading on Wednesday after the company reported better-than-expected earnings and revenue for the fiscal fourth quarter. Here's how the company performed in comparison with LSEG consensus: Earnings per share: $3.65 vs. $3.37 expected $3.65 vs. $3.37 expected Revenue: $76.44 billion vs. $73.8

Arm shares dip 8% on revenue miss

The replica of the ARM is an electronic chip board during a collaborative ceremony launching a partnership between Malaysia and ARM Holdings in Kuala Lumpur, Malaysia, on March 5, 2025. Arm Holdings shares dipped as much as 9% in after-hours trading on the company's first-quarter earnings results Wednesday. Here's how the company did, compared with estimates from analysts polled by LSEG: Earnings per share : 35 cents vs. 35 cents expected : 35 cents vs. 35 cents expected Revenue: $1.05 billi

Microsoft tops $4 trillion in market cap after hours, joining Nvidia in exclusive club

Microsoft Chairman and CEO Satya Nadella speaks in front of the OpenAI logo at the Microsoft Build conference in Seattle, Washington, on May 19, 2025. The $4 trillion club has a second member, at least based on after-hours trading. Following a better-than-expected earnings report on Wednesday, Microsoft shares jumped 8%, lifting the software giant's market cap to about $4.1 trillion. Should the rally stick on Thursday, Microsoft would join chipmaker Nvidia , which hit $4 trillion for the first

Meta to spend up to $72B on AI infrastructure in 2025 as compute arms race escalates

Meta is pouring money into the physical and technical infrastructure needed to scale its AI ambitions. The company said Wednesday in its second-quarter earnings report that it plans to more than double its spend on building AI infrastructure, like data centers and servers. “We currently expect 2025 capital expenditures, including principal payments on finance leases, to be in the range of $66-72 billion…up approximately $30 billion year-over-year at the midpoint,” Meta said. That’s an aggressi

Meta shares climb 10% on revenue beat, raised forecast

Meta CEO Mark Zuckerberg holds a smartphone, as he makes a keynote speech at the Meta Connect annual event, at the company's headquarters in Menlo Park, California, U.S. September 25, 2024. Meta shares jumped as much as 10% after the company reported second-quarter earnings on Wednesday that beat on revenue. Here's how the company did, compared with estimates from analysts polled by LSEG: Earnings per share : $7.14 vs. $5.92 expected : $7.14 vs. $5.92 expected Revenue: $47.52 vs. $44.80 billi

Microsoft's stock pops 7% on earnings beat as Azure annual revenue tops $75 billion

Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on , April 4, 2025. Microsoft shares jumped 7% in extended trading on Wednesday after the company reported better-than-expected earnings and revenue for the fiscal fourth quarter. Here's how the company performed in comparison with LSEG consensus: Earnings per share: $3.65 vs. $3.37 expected $3.65 vs. $3.37 expected Revenue: $76.44 billion vs. $73

Robinhood reports second-quarter earnings beat with revenue climbing 45% over last year

The logo of Robinhood Markets is seen at a pop-up event on Wall Street after the company's initial public offering in New York City on July 29, 2021. Robinhood beat Wall Street expectations for the second quarter Wednesday. Here is how Robinhood's results compared to Wall Street estimates, according to analysts surveyed by LSEG: Earnings per share: 42 cents vs. 31 cents expected 42 cents vs. 31 cents expected Revenue: $989 million vs. $908 million expected Revenue jumped 45% year-over-year

Qualcomm beats on earnings, highlights growth in Meta smartglasses

Cristiano Amon, CEO & President, Qualcomm, on Centre Stage during day one of Web Summit 2024 at the MEO Arena in Lisbon, Portugal. Qualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street expectations and provided a stronger-than-expected guide for the current quarter. Qualcomm shares slid in extended trading. Here's how the chipmaker did for the quarter ending June 29 compared to LSEG consensus expectations: Earnings per share : $2.77 adjusted versus $2.71 expected

Meta slated to reported second-quarter earnings after the bell

Meta is set to report its second-quarter earnings on Wednesday, with analysts eyeing any changes to the company's costs and related guidance amid CEO Mark Zuckerberg's recent artificial intelligence hiring blitz. Here's what analysts polled by LSEG are expecting: Earnings per share : $5.92 expected : $5.92 expected Revenue: $44.8 billion expected Investors are likely to be monitoring any comments from Zuckerberg about his company's recent spending on AI and how that technology might benefit