Apple posted record September-quarter sales and $30.7 billion in profit while spending a sliver of what its rivals pour into data centers. Memory costs are the catch.
StockPizza Desk · 2 Nov 2026 · 4 min readAmazon earned $28 billion in operating profit last quarter, yet it is spending so much on data centers that it now burns more cash than ever before.
Growth sped up to 3.4% on AI equipment, stockpiling and steady consumers, while quarterly inflation cooled. But demand is running hot, and markets still expect a rate hike in December.
The Claude maker’s S-1 shows revenue up fourteenfold in a year, a first operating profit and hundreds of billions in compute contracts. Growth is cooling just as those contracts start to bill.