Anthropic reported a significant reduction in its net loss to $23.29 billion in Q3 from $66.3 billion in Q2, alongside a revenue increase to $16.96 billion. The AI company is preparing for what could be the largest IPO ever, despite a cooling IPO market and investor caution due to rising bond yields and interest rates. Anthropic's operating loss was $567 million in Q3, down from an operating income in Q2, with major computing commitments from Amazon and Google totaling about $895.4 billion. The IPO will test investor appetite for AI firms amid concerns over funding the industry's high capital demands in a tougher financial environment.
Amazon shares rose 5.31% to USD 253.11 on Pluang as of Nov 02, 2026 23:01 WIB, reflecting strong investor interest despite Anthropic's large Q3 loss. Alphabet also gained 1.45%, trading at USD 283.90, showing resilience in tech stocks amid IPO market caution. These movements highlight ongoing confidence in major AI and cloud service providers linked to Anthropic's computing commitments.
AI companies like Alphabet, Amazon, Microsoft, and Meta are seeing strong revenue growth but are also spending heavily on AI infrastructure, often burning through cash. Free cash flow, which measures cash left after operating expenses and capital inv...
Technology stocks fell sharply, with the NASDAQ dropping nearly 3%, driven by worries over accelerating negative free cash flow at major AI-focused companies like Alphabet and Amazon. Despite some firms like ServiceNow and Intel beating expectations,...
Amazon's AWS and Microsoft's Azure both posted record quarters, but with different strengths: AWS leads in revenue at $45.98 billion with 39% growth, while Azure grew faster at 48%. AWS designs its own chips to reduce costs but is currently running a...
Phillip Securities upgraded Amazon's stock rating to "Buy" from "Accumulate" and raised its price target from $320 to $330, driven by confidence in Amazon Web Services (AWS) and AI capabilities. The firm increased its 2027 revenue and net income fore...
Amazon is considered a strong buy due to accelerating growth in its AWS cloud business and strategic investments in AI, including a stake in Anthropic. AWS has a $578 billion backlog and is sold out through 2027, providing strong long-term revenue vi...
