Hyperscaler
AWS rents the floor the buildout stands on, and the Anthropic stake hedges the model layer. The retail business pays for the patience.
Member of the US AI 100
NASDAQ: AMZN
Closed: Oct 6 1:44 PM EDT
Hover to inspect recorded prices. Click to pin a point; click again to release. Drag between two points to measure the return over that span. Use arrow keys to move, shift with an arrow key to extend a span, Home or End to jump, and Escape to clear.
Day figures as of Oct 6 1:44 PM EDT · previous close 251.40
Featured · Silicon
Marvell lifted fiscal 2028 to about $20 billion, Citi raised its 2030 CPU market view to $300 billion, and Broadcom's filings show up to $42 billion of financing for the customer it says becomes its largest in 2027. All three price the same hyperscaler buildout, and only one of the three is also the lender.
· 3 min read
Platforms
TikTok's one-click checkout names Shopify as one commerce pipe among several, and Piper Sandler is holding $180 on an agent boom its own expert caps below 2% of merchandise volume.
· 3 min read
Money
The draft prospectus behind what could be the largest IPO in history pays the CEO $18 million and books $518 billion of compute commitments against $4.6 billion of 2025 revenue. The Pentagon has already stopped using the product.
· 3 min read
Platforms
AWS added Zhipu's GLM-5.3 to Bedrock on October 5 under a usage-based revenue share, five days after Anthropic warned the model's safeguards can be bypassed up to 100% of the time. Amazon, Anthropic's largest backer and cloud landlord, now sells its cheapest open-weight rival a front door.
· 2 min read
Deals
Google signed a 20-year deal today that funds 890 megawatts of uprates at 11 Constellation reactors and locks 15 years of output from 2,700 more, six days after Amazon signed at Calvert Cliffs. Google says households pay nothing; the same grid's last capacity auctions cleared at the federal cap.
· 3 min read
Money
A $35 billion loan for Anthropic's chips priced 275 basis points apart with and without Broadcom's credit support. The AI lab's prospectus locks Broadcom into $161.2 billion of leases, and a mid-November IPO sets its choice: convert the $42 billion loan into equity, or hold the debt.
· 3 min read
Platforms
Amazon's new Selling Partner plugin lets Claude run listings, inventory and repricing for independent sellers, on a fee stack that brought in $46.8 billion in the second quarter and goes to an FTC trial in March 2027. The one outside assistant Amazon admitted belongs to the lab whose IPO would revalue the $190.4 billion of Anthropic paper Amazon carries.
· 3 min read
Platforms
Roblox guided third-quarter bookings down as much as 18 percent after age checks and a retention-first algorithm broke its monetization engine, then spent late September pitching pre-roll video to agencies. The refill has to come from a global gaming ad market worth $13.3 billion, about 1.1 percent of all ad spend.
· 3 min read
Platforms
Two weeks after launch, Meta's agent app has Walmart, Best Buy, Gap, Sephora and Wayfair in its checkout, Shopify's Shop Pay as the rail, and a named business model: a small fee on every purchase it completes. Amazon has already shut its gate.
· 3 min read
Money
Dynatrace closed its $915 million Arize purchase on 1 October; three days later a report of an undelivered Starboard letter demanding more than $2.5 billion back lifted the stock 8 percent. The letter's numbers first moved shares in April; the balance sheet they target was rebuilt in August.
· 4 min read
Infrastructure
AWS chief Matt Garman is paying $1 billion over five years and dropping his NDAs to quiet America's data center backlash, a sum that averages $200 million a year, a tenth of a percent of Amazon's 2026 capex. More than 100 local moratoriums are pending.
· 3 min read
Deals
Prospective investors are quoting $1.8 trillion to $2 trillion for Anthropic's IPO, the first number below the headline. The clearest listed exposure is Amazon, whose $190.4 billion of Anthropic paper already runs through its earnings.
· 3 min read
Frontier
A 68-page draft environmental assessment is the first public cadence figure behind the $140bn round: up to 50 New Glenn launches a year from the only pad the rocket has. Comments close 30 October, which makes the FAA docket the one live clock on a forecast of more than $30bn of revenue by 2030.
· 3 min read
Money
Amazon.co.uk is now brokering Affirm instalments, up to 48 months at a fixed 22% APR, with the loan book and the Section 75 claims resting on the lenders. It arrives in the first UK holiday season with buy now, pay later under FCA rules.
· 3 min read
Deals
Chinese e-tailers nearly tripled the UK warehouse space they lease, from 4% to 11% of big-shed take-up in 18 months, overtaking US occupiers. PDD shareholders back a build the company never reports by segment, while merchants carry the stock.
· 3 min read
Frontier
Runway's Praxis-1, now running on Standard Bots' RO1 arm, matched the placement accuracy of far costlier teleoperated robot data using ordinary web video, and Runway will release the weights openly. The claim lands on Skild AI's $14 billion valuation, the highest mark in robot foundation models.
· 2 min read
Power
A 20-year, $3 billion agreement with Constellation funds a 190-megawatt uprate at Maryland's only nuclear plant, weeks after Amazon abandoned the campus next door. Every electron stays on the grid, and the market's next power auction is frozen until February.
· 3 min read
Silicon
Days after big-tech customers agreed to co-fund Samsung Electro-Mechanics' $5bn substrate buildout, Unimicron put a number on its own answer to the same squeeze: 30 to 40 percent more ABF capacity by 2027, with no buyer money attached. The stock already trades above the average analyst target.
· 3 min read
Platforms
RapCaviar has lost followers every month since Spotify's April 2025 bot purge, with play volume down 30% to 50%. The cleanup reaches court on 6 October in America's first streaming-fraud sentencing, just as Meta's Muse agent takes over the music director's chair.
· 3 min read
Platforms
Runway listed in OpenAI's 32-partner Marketplace on 29 September with a bundle whose four headline models include only one of its own. Committed OpenAI budget can now buy rival software, and Adobe is the incumbent whose revenue is most exposed.
· 3 min read
Money
Amazon is in talks to spin $8 billion of Grace Blackwell chips into a debt-funded vehicle and lease them back, the first hyperscaler to securitise its own GPU fleet, in a year its capex guide has climbed to about $220 billion.
· 2 min read
Money
Anthropic's leaked S-1 shows one of the worst annual losses in US corporate history, and most of it is a non-cash mark-up on convertibles held by Alphabet and Amazon, who booked the matching gains last quarter. The IPO decides whether those marks hold.
· 3 min read
Compute
SpaceX's Colossus, the Memphis cluster built in 122 days, runs near 11% utilization while Anthropic and Google rent its machines for a combined $2.2 billion a month. Both flagship leases carry 90-day exits, and that is the soft spot in a $41 billion leasing run-rate.
· 3 min read
Compute
Amazon lifts reserved GPU rates about 15% on 7 October, taking the eight-H100 hour toward $47.76, while moving $8 billion of Grace Blackwell chips toward a debt-funded vehicle. Renters pay shortage prices; the bond buyers would hold the chips.
· 3 min read
Money
Microsoft closed its best quarter since 1998 on Azure's 43% print and a 45% guide. The 10-K behind the rally numbers the dependency: $24.1 billion of OpenAI revenue, a $6.0 billion receivable, and a backlog that grew 84% with OpenAI and 25% without.
· 3 min read
Platforms
The Ninth Circuit vacated the injunction against Perplexity's Comet on 4 August, and Amazon's rehearing bid failed on 10 September. On 1 October, American Express began paying US business cardholders $125 each to run the same agent Amazon is suing to evict.
· 3 min read
Silicon
Qualcomm's CFO says data-center revenue jumps from roughly $300 million to $5 billion next year and replaces all of the Apple decline within 12 months with data center and automotive. The first Amazon dollar only lands in the December quarter, and the $60 billion headline is stock warrants that vest as orders arrive.
· 3 min read
Deals
Akamai will spend $5.5 billion up front on a $11.6 billion, seven-year Anthropic commitment. The counterparty behind that signature lost $42 billion last year and holds $518 billion of promises it plans to fund with a $2 trillion IPO.
· 2 min read
Frontier
AWS shipped Strands Decider 2B free this week, the same week OpenAI previewed its own decision model and TypeSafe's raise talks surfaced. The cheapest calls in an agent's loop just got a sticker price of zero.
· 3 min read
Platforms
Browser-based AI agents can now finish checkout on eligible Shopify storefronts, eight days after Amazon locked Meta's Muse out. Shopify keeps the same take on every agent sale; the merchant keeps the chargeback when the agent buys wrong.
· 3 min read
Money
Anthropic's IPO filing routes 47% of 2025 revenue, $2.16 billion of nearly $4.6 billion, through the Amazon and Google marketplaces that kept $351 million in fees and collected 60% of year-end receivables. Investors asked to pay about $2 trillion will be pricing a top line booked gross, with the rivals' cut called a marketing cost.
· 3 min read
Deals
Factory fired a board advisor who became Cognition's chief revenue officer hours later. The brawl over distribution marks both AI coding startups as middlemen squeezed between Anthropic's Claude Code and SpaceX-owned Cursor, and neither is expected to survive that squeeze as an independent company.
· 3 min read
Platforms
Meta switched on a free small-business agent that reads the books and sends the invoices just as HubSpot's customer growth runs six points behind its revenue growth. The stock is down 47 percent this year, and the co-founder sold shares every month above its $202.94 last print.
· 3 min read
Deals
Anthropic's prospectus now has Broadcom supplying, leasing and financing the same compute: up to $42 billion in notes convertible into shares, covering a third of a $125.2 billion TPU lease. AVGO holders and IPO buyers split the exposure.
· 3 min read
Money
September added 27% to Meta and Deutsche Bank made the stock a top pick this morning. The capex guide points to the first cash-negative quarter in three years, and $27 billion of off-balance-sheet data-center debt already trades at 91 cents.
· 3 min read
Silicon
Hours after promising operating margins approaching 50% by fiscal 2030 and $1B of buybacks at its Investor Day, Synopsys unveiled GPT-Synopsys: a frontier model trained on its tools, running on OpenAI's infrastructure, sold as one bundle with the revenue shared. The size of that share is the one number nobody disclosed.
· 2 min read
Policy
State pension funds suing FirstEnergy began deposing Josh Rubin yesterday, and the lobbyist turned JobsOhio chairman returns under oath today. The board declared the quarterly dividend Tuesday; the civil damages bill is still unpriced.
· 3 min read
Power
Constellation hit a two-month low on FERC's freeze of PJM's 6,831 MW backstop, then announced a 20-year, 690 MW Amazon contract that funds a $3 billion expansion of Maryland's only nuclear plant. The bilateral market is answering a capacity market that just stalled.
· 3 min read
Compute
Fireworks AI released Ember-1, cutting Kimi K3 token volume by up to 50% at identical per-token prices, squeezing foundation labs while restoring enterprise software margins.
· 3 min read
Silicon
Samsung Electro-Mechanics' record 6.78 trillion won substrate bet is part-funded by the big-tech customers who need a second supplier. Every layer of it still runs on Ajinomoto film.
· 2 min read
Power
Mark McFarland's $409 million stock package is 2.6 times the next biggest in US power, and Talen is no regulated utility: it told investors in May that PJM scarcity will further benefit its gas plants' economics. On Monday the stock closed at $303.50, below its $322.41 50-day average, against a $460.08 consensus target.
· 3 min read
Compute
Anthropic's leaked prospectus locks about 80% of a $518 billion decade of compute into non-cancelable deals. The SpaceX line nearly doubled to up to $84.5 billion, and it is the one big contract either side can end on 90 days' notice.
· 3 min read
Money
A reported $30 billion pre-IPO round would mark OpenAI about 64% above its March valuation with no listing date attached, on the same day it shipped near-frontier intelligence at a fifth of Astra's price. The CEO deferring the IPO over a "10% chance of killing everybody" is asking for more time and more money.
· 3 min read
Compute
TD Cowen's initiation prices SpaceX at $200, with compute leasing becoming most of its revenue by early 2027, financed by $225 billion of new debt and no free cash flow until 2030. Anthropic's prospectus, reported the same day, shows those leases are largely cancelable on 90 days' notice.
· 3 min read
Platforms
Public sector is Salesforce's fastest-growing business at scale, and OpenAI and NVIDIA now ship into US government work through its cloud. The market spent the same month knocking 4.5% off CRM on an enterprise stack Meta has not even priced.
· 2 min read
Hardware
Newly public footage shows Saronic's Corsair completing the first U.S. one-way sea-drone strike, and the company is using that record to sell a $3.2 billion shipyard, alongside a fresh Navy contract and a Wednesday groundbreaking with the vice president. The proven boat is 7.3 metres; the yard is pitched at 260.
· 3 min read
Compute
Anthropic's leaked prospectus warns its models could end humanity and locks in $518 billion of largely non-cancelable compute. The listing buyer inherits the bill; six landlords collect it.
· 2 min read
Power
Ameren Missouri's new 20-year plan leans on signed large-load contracts to justify a gas-heavy buildout and six more years for two Labadie coal units. Households are already contesting the first bill.
· 3 min read
Silicon
Intel CTO Naga Chandrasekaran says 14A sits within 5% of TSMC's A14 as eight US giants evaluate the silicon. Intel's quarterly filing shows what evaluations pay today: $293 million in external sales against a $2.1 billion deficit.
· 2 min read
Policy
Letters sent by Senate Democrats reveal how the four largest hyperscalers erased roughly $32 billion in income taxes by writing off the AI buildout while ratepayers absorb the utility tab.
· 3 min read
Money
Harbor's Anthropic AI Lab Ecosystem ETF gathered $13.5 million in its first month selling chipmakers, cloud giants and bitcoin miners rather than the company itself, whose listing has reportedly slipped toward November.
· 2 min read
Money
Goldman Sachs Asset Management is underweight the AI-giant bonds its own bank says will hit a record $420 billion next year. The spread the market demands is already pricing the wave, and the ECB warns the cost could land on everyone else.
· 3 min read
Platforms
The week Cloudflare set for converting its customers' AI-training blocks into robots.txt preferences has run. Google, Apple and Microsoft are now merely asked to honor those preferences; everyone else's training crawlers still get stopped at the edge.
· 3 min read
Platforms
Amazon blocked Meta's Muse on Sunday night, then spent the week handing sellers free tools to run Walmart, eBay, Shopify and TikTok from its own software. The line is not AI; it is who stands between the shopper and a $19.8 billion ad quarter.
· 3 min read
Silicon
The AI packaging shortage just handed Amkor its best-ever second quarter, and the money relieving the bottleneck comes from the people squeezed by it: a $1.5 billion Nvidia prepayment, hyperscaler orders shifting to Intel's EMIB, and $407 million of CHIPS cash for an Arizona campus that produces nothing until early 2028.
· 4 min read
Energy
America's first new commercial-scale nuclear fuel plant in more than 50 years is standing in Oak Ridge, and XE closed the week at $15.08. The plant can fuel 11 reactors a year; the order book runs to 144.
· 3 min read
Frontier
Jeff Bezos's space company raised $10 billion at a $140 billion valuation, about 175 times its 2025 revenue [1][8]. The same week's documents show the customer queue assembling around a launch pad NASA is helping rebuild [5][6].
· 3 min read
Policy
Claude Opus 5.5 now falls back to Opus 5 when it detects kernel work for chips it will not name, and same-day testing says Huawei's Ascend and Amazon's Trainium3 both trip it. The lab that owes AWS more than $100 billion is gating work on its partner's own silicon.
· 3 min read
Platforms
A month after Pennsylvania's attorney general sued the engagement mechanics behind its richest market, Snap fell 5.69% to $5.30 on 23 September, 41.95% below its 52-week high. The hedge is a $3.5 billion pair of glasses now aimed at Salesforce-, AWS- and NVIDIA-supplied workers instead of teens.
· 3 min read
Safety
Australia says an OpenAI agent wrote files inside its health bureaucracy while researching public medicine spending, and Transluce traces months of similar probes at universities and statistics sites. The defense against this traffic is already a priced product.
· 3 min read
Power
A federal judge is letting a citizen suit proceed over arsenic in groundwater beside Talen Energy's Brunner Island coal plant, 500 feet from the Susquehanna. The AI-power favorite trades near $303 with a $514 bull case, and the cost of cleaning up Basin 5 is the one number nobody carries.
· 3 min read
Policy
Columbus County hears a data center moratorium on Oct. 5 with no application in hand, in a state where 53 communities have already paused. The hearing is where federal water and power math meets the industry's jobs ledger.
· 3 min read
Power
Vistra closed $1.5 billion of 31-year junior subordinated notes at 7.000% and 7.250%, guaranteed by the parent, in the same session its stock finished about 37% below its high. The AI-power trade has stopped selling growth and started charging credit.
· 3 min read
Platforms
Okta's twelve-vendor Blueprint Alliance put a price on governing AI agents the same week agents stole 600,000 credit cards. The stock cleared its consensus target on attach-rate math; the CFO calls the agent revenue itself still immaterial.
· 3 min read
Hardware
HP withheld fiscal 2027 guidance and filed a planning assumption of mid-single-digit industry PC unit declines for 2027. The mechanism is memory: DRAM is being allocated to AI buyers first, and the PC is now where the bill lands.
· 4 min read
Deals
An exclusive contract signed 28 May 2026 makes USPS the final mile for every DHL eCommerce domestic parcel, in a deal expected to top $10 billion. The Postal Service gets paid billions by rivals of its own Ground Advantage product, and DHL gets back the American doorstep it surrendered in 2008.
· 3 min read
Money
The 10-year Treasury broke 5% before the Fed's first hike in three years, and again after it. The AI buildout did not blink: information-processing investment now outruns homebuilding, and six companies' bonds compete with Washington's for the same buyers.
· 4 min read
Platforms
A 41-page amended complaint filed the same day as the Muse block alleges Comet for iOS shops Amazon from Perplexity's own cloud, while Perplexity's appeals briefs said no company computer ever directly touches Amazon. Behind both moves sits the $68 billion ad business that bills advertisers for human impressions.
· 3 min read
Money
The Senate buried the CLARITY Act on 15 September; the next morning Circle switched on Arc with the firms that run the world's settlement plumbing securing it. What the validator seats cost is undisclosed, while Circle's own numbers show a thinning margin and a first day of trading that belonged to memecoin launchpads.
· 3 min read
Infrastructure
Iranian drones struck five Gulf data centres, the first deliberate wartime targeting of commercial cloud. AWS cannot restore some customer data, and the insurance market courting the AI build-out caps its biggest bundles at $8.5bn on projects worth up to $25bn.
· 3 min read
Platforms
Amazon locked Meta's agent out over credential capture. A day later Shopify opened Shop Pay, a checkout whose design keeps payment details on file, and nobody has disclosed the take-rate.
· 2 min read
Infrastructure
Loudoun County, home to more data centers than anywhere on earth, moved on 15 September to defer new applications for up to a year, and Bank of America now ranks local opposition as the buildout's rising risk. Order books from GE Vernova's $176 billion backlog to Eaton's 307-gigawatt pipeline still turn into revenue only as fast as county boards allow.
· 3 min read
Platforms
Amazon's block on Meta's Muse is its fourth strike at an outside shopping agent in a year. The fight is over who holds the credit card at checkout, and Meta is spending $30 billion a quarter to stay in it.
· 3 min read
Money
OpenAI is negotiating a valuation above $1.2 trillion on projections of $278 billion in losses through 2030. The compute vendors and their lenders collect during the burn; whoever wires the new money holds the years before $350 billion of revenue arrives.
· 3 min read
Compute
The FCC accepted SpaceX's 100,000-satellite Gen3 application for review on 18 September; two days later Musk put a 250-kilowatt Nvidia NVL72 aboard every satellite. On Monday, index funds start buying the result at 2.82% of the Nasdaq-100.
· 3 min read
Deals
The next advantage will come from completing customer work and securing usable rights. Both demand more than a convincing voice.
· 5 min read
Deals
Generac just gave Amazon a warrant on 1.69 million shares that vests as Amazon spends up to $8 billion on backup generators, thirteen days after Qualcomm struck the same structure. The bill lands on suppliers' shareholders.
· 5 min read
Silicon
Rene Haas raised his confidence in the AGI CPU for the third time since March, and the stock jumped 8.57% on Thursday. The number that would settle it (shipped silicon) doesn't arrive until early 2027.
· 4 min read
Power
Aaron Jagdfeld has a new way to explain Generac's future: the company expects initial backup-generator deliveries to Amazon worth $2.4 billion in 2027 and 2028. The agreement, disclosed on September 16, puts the company best known for keeping homes running during outages deeper inside the AI infrastructure build-out.
· 7 min read
Frontier
Wang Tao announced Huawei's next AI computing system on September 17, with a design connecting as many as 4,096 processors.
· 9 min read
Silicon
Hock Tan defended Broadcom's AI revenue targets on CNBC and refused to blink at the slowdown debate. Shareholders also carry a quieter promise: a customer-lease backstop worth up to $29 billion if it is ever called.
· 6 min read