New York, October 30th—Three major US tech giants released their Q3 earnings reports last night. Alphabet, the parent company of Google, saw its revenue exceed
102.35 billion, a year – on – year increase of 19%, and net profit surged 33% to 15.157 billion, and the backlog of orders amounted to $155 billion. CEO Sundar Pichai attributed this to the explosive demand for AI computing power services.
Microsoft performed steadily, with revenue of
49.1 billion. However, capital expenditure of 34.9billionwas83.086 billion in the third quarter, nearly five times higher than the same period last year.
Meta presented a spectacle of “revenue – profit divergence”: revenue of 51.24billionincreasedby2650.08 billion. However, due to a one – time expense of 15.9 billionbroughtaboutbyUStaxreforms,netprofitplummeted832.71 billion. Although net profit reached
70 – 72 billion, stating that “investment in AI computing power will determine the future competitive position.”