Alphabet shares rocket 5% to record highs as Q3 revenue soars to $102.4 billion, driven by Google Cloud's explosive 34% growth to $15.2 billion amid surging AI demand that's pushing the tech giant to raise capital spending guidance to $92 billion for massive data center expansion.
Corporate travel company Navan crashes 20% in its Nasdaq debut despite raising $6.2 billion in its IPO, even as the firm boasts $613 million in revenue and major clients like Zoom and OpenAI.
Alphabet shatters records with $102.35 billion quarterly revenue, marking the first time the tech giant crosses $100 billion while Google Cloud surges 35% to $15.15 billion amid explosive AI demand, prompting the company to boost 2025 infrastructure spending to up to $93 billion.
Microsoft crushes Q1 earnings with $77.67 billion revenue and 40% Azure growth, but stock tumbles 4% as company forecasts accelerated capital spending and absorbs a massive $3.1 billion OpenAI investment hit despite maintaining its $135 billion stake in the AI giant.
Meta shares crash 9% despite crushing earnings expectations as the tech giant absorbs a massive $15.9 billion tax hit from Trump's new tax legislation while simultaneously ramping up AI spending with capital expenditures jumping to $70-72 billion for 2025.
Alphabet shares surge 5% as Q3 revenue soars to $102.4 billion, crushing Wall Street's $99.85 billion expectations, driven by Google Cloud's explosive 34% growth to $15.2 billion from AI demand and major partnerships with OpenAI and Meta.
Nvidia becomes the first company in history to reach a $5 trillion market valuation, surging 3% as unprecedented AI chip demand and potential US-China trade discussions fuel investor optimism about the company's dominance in the artificial intelligence revolution.
PayPal breaks new ground as the first digital wallet to integrate with ChatGPT's Instant Checkout feature launching in 2026, allowing users to access their complete payment methods and shipping information directly through the AI interface, expanding OpenAI's e-commerce reach beyond current partnerships with major retailers like Etsy, Shopify, and Walmart.
Employees exploit AI tools like GPT-4o to create sophisticated fake expense receipts, driving business fraud up 14% in three months as companies scramble to deploy detection systems against forgeries so realistic that human reviewers cannot identify them.
AI startup Mercor rockets to $10 billion valuation after raising $350 million, pivoting from hiring assessments to training AI models with 30,000 contractors earning $1.5 million daily while benefiting from clients fleeing competitor Scale AI following Meta's controversial acquisition.