Amazon's cloud unit AWS reported a 20% revenue increase in Q3, surpassing expectations, which helped the company forecast higher Q4 sales and boosted its stock by 14%. The company's strong cloud performance, driven by AI demand, offset softer e-commerce growth, leading to a significant market value increase. Amazon projects continued growth in AI and infrastructure, with increased capital expenditures planned for next year.
Texas Instruments Inc. shares dropped after the chipmaker issued a disappointing quarterly forecast, reflecting a continued decline in demand for industrial and automotive electronic components. The company's first-quarter sales are projected to be lower than analyst estimates, signaling a prolonged slump in key sectors. While Texas Instruments is the largest maker of analog semiconductors, it faces challenges in profitability due to its ambitious plan to upgrade factories. Despite the downturn, the company remains committed to its long-term strategy and is confident about semiconductor content growth in auto and industrial sectors.
