Reddit Inc. (RDDT) will be added to the S&P 500 index before trading begins on Aug. 18, according to S&P Dow Jones Indices, sending shares up more than 12% in pre-market trading. The platform, which r…
Amazon's AWS cloud business reported a 37% sales surge in the second quarter, accelerating growth by 8 percentage points sequentially, with margins up 520 basis points to 38.1%. AWS's backlog reached …
Meta CFO Susan Li told analysts the company is not providing a specific outlook for 2027 capital expenditures, tightening 2026 capex to $135 billion-$145 billion, which fueled AI overspending fears an…
Amazon is set to report Q2 earnings on Thursday, with Wall Street focused on AWS growth amid heavy AI spending. Analysts project AWS revenue of $40.5 billion, up 31% year over year, as investors weigh…