Tech stocks today: Microsoft, Amazon jump after last week's strong earnings - Yahoo Finance
Tech stocks saw mixed results as Microsoft and Amazon reached new highs, while SpaceX and AMD faced market skepticism despite strong earnings reports. Investors are increasingly concerned about the high capital requirements for AI infrastructure investments.
Why it matters
The market's reaction highlights growing investor scrutiny regarding whether massive spending on AI infrastructure will yield sustainable financial returns.
SpaceX (SPCX) reported its first-ever quarterly earnings after the bell today. While results topped estimates, the stock fell post-release. SpaceX reported Q2 revenue of $7.8 billion versus $6.81 billion, per Bloomberg consensus, up sequentially from $4.7 billion in Q1. SpaceX posted adjusted EBITDA of $3.5 billion vs $2.0 billion consensus expected.SpaceX said its Q2 capital expenditures came in at $18.37 billion, slightly below estimates for $18.58 billion.The concern with SpaceX's large capital requirements — like those of other large AI frontier startups and even Oracle (ORCL),…
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in