AICNBC Techabout 3 hours ago
AI stakes inflate Big Tech earnings
1 min read
Microsoft, Amazon, and Alphabet booked large investment gains from Anthropic, OpenAI, and SpaceX stakes, inflating S&P 500 earnings growth to 48%. Excluding those gains, growth drops to 29%, closer to the 24% analysts forecast. Amazon's earnings jumped 240% but only 17% without AI gains.
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