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Top stories today:
- Amazon Q3 revenue +13% YoY, topping estimates, net income +38%
- Meta to issue up to $30B in bonds, biggest U.S. offering of 2025
- Apple Q4 revenue +8% YoY to $102.5B, net income +86%
- Intel said to be in talks to acquire AI chip startup SambaNova
- Poolside AI said to raise $2B, NVIDIA may invest up to $1B
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.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. Amazon Q3 revenue +13% YoY to $180.2B, topping $177.8B estimates, net income +38%
$17.2B in operating income, flat YoY, reflects a $2.5B FTC settlement in Sep. and ~$1.8B in severance costs tied to planned role cuts.
$125B capex forecast for this year, up from $118B previously.
The number will likely increase in 2026, CFO Brian Olsavsky said.
+24% in ad revenue to $17.7B.
+11% in subscription service revenue, including that from Prime Video, to $12.6B.
$206B-$213B revenue in Q4 projected, topping $208B estimates by analysts.
$21B-$26B in operating income is projected, compared with $23.8B expected by analysts.
AWS revenue +20% YoY to $33B, beating analystsā expectations of +18%
+13% in Amazon shares in extended trading on Thu. following its Q3 earnings.
āItās culture,ā Amazon CEO said on the ~14K job cuts ā not AI or cost-cutting.
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3. Meta to issue up to $30B in bonds, biggest U.S. offering of 2025, as AI costs mount
6-part bond sale with maturities ranging from 5 to 40 years.
2026 CAPEX would be ānotably largerā than 2025, Meta flagged during its earnings call.
Meta reportedly received record orders of ~$125B for its corporate bond sale.
4. Apple Q4 revenue +8% YoY to $102.5B, net income +86%, beats estimates
