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Key Financial Updates from Major Tech Companies
Alphabet (NASDAQ: GOOG, GOOGL) is currently trading just 3% below its all-time high, experiencing over 50% gains this year. The company reported $102.34 billion in revenue in Q3 2023, with advertising revenue up 12.6% and Google Cloud revenue increasing 33.5% to $15.15 billion.
Amazon (NASDAQ: AMZN) reported $180.16 billion in revenue for Q3 2023, a 13.4% increase year-over-year. Its e-commerce sales rose to $147.16 billion, while Amazon Web Services (AWS) revenue reached $33 billion, up 20%, boasting a profit margin of 34.6%.
Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) is investing $165 billion in U.S. production facilities, now producing Nvidia’s Blackwell chips in Arizona. TSMC generates 60% of its revenue from producing advanced 3nm and 5nm chips, essential for AI and high-performance computing.
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