Today’s theme is ‘The Gang’s All Here’, in AI land. As in the old song, everyone who matters has shown up, at least for this week. Google and Microsoft, the number three and number two global cloud providers, reported their quarters on Wednesday. Google lost about half a trillion dollars of market value over how it’s spending through its free cash flow; Microsoft was rewarded for being a bit more tempered. On Thursday the leader, Amazon and its AWS, reported, and the market didn’t like its results much either. All in this AI Tech Wave.
Three events today: Amazon’s results, Anthropic as SpaceXSI’s biggest customer, and Nvidia’s week of headwinds. Then the Gadget AI, on Intel selling every budget laptop chip it can make.
Amazon’s third-quarter revenue rose 12 percent, to about $202 billion, a tad shy of expectations, per CNBC in ‘Amazon posts negative free cash flow of $42.4 billion, holds 2026 capex unchanged’. The star, again, was the cloud. AWS grew 39…
https://michaelparekh.substack.com/p/the-gangs-all-here-in-ai-amazon-spacexsi
