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Showing posts with the label Q3 Earnings

Verizon Sells AWS $2 Billion of Fibre for Its AI Boom

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Verizon Sells AWS $2 Billion of Fibre for Its AI Boom By Daniel Rao | 27 October 2026 Here is the strangest thing about Verizon's week: the phone company that spent years begging you to upgrade your handset just made more money from the cables under the street than from the phones in your pocket — or at least, that is where its future now lies. Verizon has signed an agreement worth more than $2 billion with Amazon Web Services to supply the fibre-optic connectivity that will stitch AWS data centres together for the age of agentic AI, and it announced the deal on the same morning it reported its best third quarter for phone additions in five years. The phones are back. The fibre is the story. The agreement, announced on Monday alongside Verizon's third-quarter results, establishes what Verizon calls a commercial framework to scale distributed computing for the real-time demands of agentic and generative AI workloads. In plainer language, reported by Reuters, Verizon will pro...

TSMC's Record $23.6B Profit, Judged Against Perfection

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By the TechPulse USA News Desk Taiwan Semiconductor Manufacturing Company made more money in a single quarter than most companies make in a decade — and the stock was judged against perfection. On Thursday, the world's most important chipmaker reported a third-quarter net profit of NT$763.1 billion (US$23.6 billion), its sixth consecutive record quarter, up 68.7% from a year ago and comfortably ahead of the LSEG SmartEstimate of NT$746.3 billion. The American depositary shares had already closed Wednesday down 3.4% at US$430. By the time the numbers hit the wires in Taipei, the stock had already voted. This is what "judged against perfection" looks like in practice. TSMC shares have ballooned nearly 60% this year, the company sits at a market capitalisation of roughly US$2 trillion — nearly double Samsung's — and options pricing implied a move of roughly 4% through the end of the week even before Thursday's release. When you are priced for immortality, merely...