Alphabet and Amazon Q3 Profits Boosted by Anthropic Stakes

What happened

Alphabet Inc. and Amazon.com Inc. reported better-than-expected profits for the third quarter. Their stakes in the AI company Anthropic contributed significantly to these gains. Investors responded positively to the earnings reports.

Why it matters

• The profits highlight the financial impact of investments in AI companies like Anthropic.
• Strong earnings may influence investor confidence in Alphabet and Amazon.
• These results reflect growing market interest in AI-related technologies and infrastructure.

Key facts

1. 1. The profits reported were for the third quarter of 2025.
2. 2. Alphabet’s profit included net gains on equity securities totaling $10.7 billion.
3. 3. Alphabet’s cloud revenue exceeded $15 billion in Q3, a 34% increase year-over-year.