Reporter · Big Tech, Markets & Money

Sam Whitaker

Reads 10-Ks and earnings transcripts so you don't have to.

Sam covers the public-company side of the technology industry: earnings, M&A, segment economics, and the strategic moves that show up first in financial filings.

Articles by Sam Whitaker

SpaceX Grew Revenue 92% in Its First Public Quarter. AI Spending Ate the Result.
Markets & Money

SpaceX Grew Revenue 92% in Its First Public Quarter. AI Spending Ate the Result.

SpaceX reported $7.8 billion in Q2 revenue, up 92%, in its first quarter as a public company. AI infrastructure spending doubled to $15.8 billion, the AI segment lost $1.26 billion, and the stock is down 24% since its debut.
AWS Grew 36.7% and Amazon Raised Capex to $220B. Memory Prices Did That.
Big Tech

AWS Grew 36.7% and Amazon Raised Capex to $220B. Memory Prices Did That.

Amazon posted $200.6 billion in Q2 revenue with AWS up 36.7% to a $169 billion run rate, then raised 2026 cash capex to about $220 billion, citing higher memory costs. Management said capacity will not meet all of this year's demand.
Apple Posted a Record Quarter and Warned Supply Constraints Will Get Worse
Big Tech

Apple Posted a Record Quarter and Warned Supply Constraints Will Get Worse

Apple reported record June-quarter revenue of $109.4 billion with iPhone up 22%, then guided September-quarter growth down to 9-11% and said supply constraints will increase significantly across iPhone, Mac, and iPad. Shares fell about 6.65%.
Nvidia May Guarantee $250B of OpenAI's Ohio Data Center. The Debt Markets Balked First.
Big Tech

Nvidia May Guarantee $250B of OpenAI's Ohio Data Center. The Debt Markets Balked First.

Nvidia is in talks to provide a $250 billion financing guarantee to backstop OpenAI's 10-gigawatt Ohio data center, plus a separate roughly $350 billion package for chip purchases. OpenAI needs Nvidia's credit because it cannot secure the financing on its own.
Big Tech Earnings Split: Microsoft Rewarded for AI Capex, Meta Punished for It
Big Tech

Big Tech Earnings Split: Microsoft Rewarded for AI Capex, Meta Punished for It

On the same evening, Microsoft jumped about 8% as Azure grew 43% and crossed $100 billion in annual revenue, while Meta fell 7% after an EPS miss and a raised capex floor. The market is sorting AI spenders by whether the revenue shows.
Anthropic's Bankers Are Lining Up an IPO as Soon as October
Markets & Money

Anthropic's Bankers Are Lining Up an IPO as Soon as October

Anthropic is exploring an IPO as early as October that could raise more than $60 billion, with Goldman, JPMorgan, and Morgan Stanley in talks to lead. Its last private valuation was $965 billion. It would be the first trillion-dollar-class AI lab to test the market.
US Venture Hit $412.7B in Six Months. Over 80% Went to Megarounds.
Markets & Money

US Venture Hit $412.7B in Six Months. Over 80% Went to Megarounds.

US venture investment reached $412.7 billion in the first half of 2026, already topping any prior full year, with more than 81% of the dollars flowing into rounds of $100 million or more.
Alphabet's Cloud Grew 82%. The Capex Guidance Is What Scared the Market.
Big Tech

Alphabet's Cloud Grew 82%. The Capex Guidance Is What Scared the Market.

Alphabet posted Q2 revenue of $119.8 billion (up 24%) with Google Cloud up 82%, but it raised 2026 capex guidance to $195-205 billion and ran negative free cash flow for the quarter. The stock fell.
Tesla Set a Revenue Record and Its Operating Margin Fell to 1.4%
Markets & Money

Tesla Set a Revenue Record and Its Operating Margin Fell to 1.4%

Tesla posted record Q2 revenue of $28.2 billion, but operating profit fell 57% and operating margin dropped to 1.4% from 4.1% a year ago as regulatory credits collapsed and costs climbed. EPS missed.
Meta Is in Talks to Rent Anthropic $10B of Compute. It Would Be Landlord to a Rival.
Big Tech

Meta Is in Talks to Rent Anthropic $10B of Compute. It Would Be Landlord to a Rival.

Anthropic is in early talks to lease roughly $10 billion of computing power from Meta over two years, per the New York Times. It would open Meta as a cloud provider and make it infrastructure to a direct competitor.
Uber Is Buying Delivery Hero for $14.8B. The Combined Map Spans 99 Markets.
Big Tech

Uber Is Buying Delivery Hero for $14.8B. The Combined Map Spans 99 Markets.

Uber agreed to acquire Germany's Delivery Hero in a $14.8 billion all-cash takeover at EUR 41.50 per share, nearly doubling its footprint to 99 markets. Regulators get the final word, with the close targeted for late 2027.
Anthropic Signed a $19B, 20-Year Data Center Lease With a Former Bitcoin Miner
Markets & Money

Anthropic Signed a $19B, 20-Year Data Center Lease With a Former Bitcoin Miner

Anthropic signed a 20-year lease worth about $19 billion for a 401 MW Kentucky data center owned by TeraWulf, a former Bitcoin miner. The structure shows how AI compute is now financed.