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Top stories today:
- Amazon closes at record, +4% on $38B OpenAI-AWS chip deal
- Palantir Q3 revenue +63% YoY to $1.2B, beats $1B estimate
- Nintendo Switch 2 sales forecast at 19M by Mar. 2026
- Apple revamps App Store web interface for browsing across all devices
- Facebook Dating reaches 21M+ daily users since 2019 launch
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. Amazon closes at record, +4% on $38B OpenAI-AWS chip deal
Amazon is +14% over the last two trading days, its best two-day stretch since Nov. 2022.
OpenAI will start running workloads on AWS using 100,000s of NVIDIA GPUs under the 7-year deal.
NVIDIAās GB200 and GB300 AI accelerators will be among the chips deployed.
Amazon will expand infrastructure for OpenAI over time, with existing AWS data centers used in the first phase.
OpenAI and Microsoft will remain closely tied, with OpenAI continuing to spend heavily on Microsoft infrastructure.
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3. Palantir Q3 revenue +63% YoY to $1.2B, beats $1B estimate on AI momentum
+52% YoY in U.S. government revenue to $486M.
+77% in U.S. commercial revenue to $883M.
Closed 204 deals of at least $1M each and 91 of $5M.
+45% in customer count.
~$1.33B Q4 revenue expected vs. $1.19B analyst estimate
Stock rose after hours before falling ~4%, up 25x in the past three years.
$491B market cap, 104x annualized P/S.
4. Nintendo Switch 2 sales forecast at 19M by Mar. 2026
