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Top stories today:
- Amazon to invest $100B in AI-heavy CAPEX this year
- New iPhone SE to be unveiled by Apple next week
- Googleās AlphaGeometry2 outperforming professors
- Eli Lilly Q4 revenue +45% driven by Mounjaro, Zepbound
- Trump reportedly cut USAID staff by 98%, sparking lawsuit
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 to invest $100B in AI-heavy CAPEX this year, warns of capacity constraints
āOnce-in-a-lifetime opportunity,ā Amazon asserted, as other big tech firms have also ramped up AI spending.
+20% from the $83B CAPEX Amazon had last year.
āThe vast majority of that CAPEX spend is on AI for AWS,ā Amazon CEO Andy Jassy said.
āIt is true we could be growing faster were it not for some of the constraints on capacity,ā Jassy said.
Amazon's Q4 revenue +10% to $187.8B, while net income +88% to $20B
AWS revenue +19% to $28.8B in Q4, with operating income +47% to $10.6B, delivering continuous growth
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3. New iPhone SE to be unveiled by Apple next week
iPhone 14-like design rumored.
Later this month availability.
Apple Intelligence support expected.
China, India, and other Asian markets could be its target.
$500 price point.
