Amazon (NASDAQ: AMZN) reported a 13% year-over-year increase in revenue for the third quarter, reaching $180 billion. However, the company’s free cash flow is projected to drop from $20 billion in 2025 to over $142 billion by 2029 as it invests heavily in capital expenditures, which surged to nearly $120 billion, a 72% increase year-over-year. Notably, Amazon deployed over 1 million robots across its fulfillment network to improve efficiency.
Alphabet (NASDAQ: GOOGL) is benefiting from strong demand for AI cloud services and advertising, with third-quarter revenue growth of 16% for Google Search. Analysts project its revenue will climb to $455 billion by 2026. The company’s free cash flow is expected to grow from $65 billion in 2025 to $157 billion by 2029, driven by significant investments in AI infrastructure and advertising effectiveness.
