The stock jumped more than 13% in after-hours trading as investors rewarded visible AI-cloud momentum and improved operational efficiency following recent layoffs.

Amazon beat across total revenue, AWS revenue, and EPS, propelled by robust retail sales, cost efficiencies, and AWS strength.

Apple reported a record September-quarter revenue ($102.5 billion), lifted by an all-time high in Services — the high-margin recurring-revenue engine tied to the installed base of over 2 billion active

The stock rose about 2.5% to a new high, showing mature monetization plus AI/cloud bets can be rewarded.

Alphabet hit its first-ever $100 billion revenue quarter, driven by strong ad sales and a booming Google Cloud; cloud was the fastest-growing segment with a backlog near $155 billion.

Excluding that item, heavy spending on R&D, data centers, and AI pushed projected CapEx toward ~$97 billion next year, nearly double the prior year, and EPS fell to around $1.05/share, triggering an

Meta reported record quarterly revenue (~$51 billion, up ~26% YoY) but net income plunged after a $16 billion one-time tax charge tied to a corporate tax law adjustment.

Management acknowledged being “short on capacity” in Azure, implying near-term missed revenue until larger buildouts come online.

Microsoft posted a solid quarter with Azure growth beating expectations and continued AI momentum, but the stock fell about 3% as investors focused on rising AI-related CapEx that is compressing operating

Internal discussions reportedly target a potential IPO valuing the company up to $1 trillion, with a possible filing in late 2026 and listing in 2027, and plans to raise at least $60 billion. Earnings

The reorganization closes an early chapter of the AI buildout and opens a path for wider scaling.

In exchange for more predictable access to future model families and the ability to pursue independent AGI paths with potential partners, Microsoft gave up certain veto and right-of-first-refusal privileges.

The deal extends Microsoft’s IP rights for models and products through 2032 and explicitly covers models developed post-AGI, with AGI status to be adjudicated by an independent expert panel.

Microsoft now owns roughly 27% of the new entity (≈$135 billion), with remaining equity distributed among other investors, employees, and the nonprofit.

The reorganization coincides with a definitive agreement with Microsoft that gives both parties more flexibility for the “next phase” of their partnership.

The change ends the prior “capped-profit” setup (previous investor returns were limited to 100x) and clarifies ownership questions that emerged during last year’s governance turmoil.

After months of speculation, OpenAI has reorganized as OpenAI Group PBC, a for-profit public benefit corporation valued at about $500 billion and governed by the original nonprofit parent.

Weekly roundup... OpenAI — corporate evolution

Historically, when a CEO needed cover for layoffs or a strategic pivot, they'd hire McKinsey to affirm what was already obvious and then point to "the consultants" Now the same excuse will be

Most people won't bother Wealthy enthusiasts will Significant value destruction of incumbent insurers over time