Meta reported second-quarter cash property-and-equipment purchases of $30.116 billion, up from $16.538 billion a year earlier, while quarterly free cash flow fell from $8.549 billion to $784 million.
AWS profit rises as Amazon’s trailing cash flow turns negative
Amazon reported $16.6 billion in second-quarter AWS operating income, versus $10.2 billion a year earlier, alongside negative $7.604 billion in company-wide trailing-twelve-month free cash flow.
FactSet reported 118.5% second-quarter earnings growth for the Magnificent Seven and identified large other-income investment gains at Alphabet and Amazon.
S&P 500 valuation establishes the purchase-price baseline
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By Intermission· 2,189 words
Can AI-driven profit growth outweigh the pressure from higher interest rates and expensive energy and how much of that success is already priced in?
Bank of America reports an operational AI gain
[12]Bank of America said its employee assistant had reduced IT service-desk calls by more than 50%.
The result demonstrates an operational benefit, though the disclosure does not quantify a profit gain.
Meta discloses a sharp cash-investment increase
[4]Meta reported second-quarter cash property-and-equipment purchases of $30.116 billion, up from $16.538 billion a year earlier, while quarterly free cash flow fell from $8.549 billion to $784 million.
AWS profit rises as Amazon’s trailing cash flow turns negative
[1]Amazon reported $16.6 billion in second-quarter AWS operating income, versus $10.2 billion a year earlier, alongside negative $7.604 billion in company-wide trailing-twelve-month free cash flow.
CoreWeave reports a substantial financing burden
[6]CoreWeave reported second-quarter revenue of $2.575 billion, net interest expense of $640 million and a $626 million GAAP net loss.
Nvidia reports large realized data-center sales
[3]Nvidia reported $89 billion in data-center revenue for its fiscal second quarter, up 117% year over year, and a 75% company-wide gross margin.
FactSet identifies investment gains in headline earnings growth
[11]FactSet reported 118.5% second-quarter earnings growth for the Magnificent Seven and identified large other-income investment gains at Alphabet and Amazon.
S&P 500 valuation establishes the purchase-price baseline
[2]The S&P 500 closed at 7,651.54 and stood at 19.0× forward twelve-month earnings, according to FactSet’s October 2 report.
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