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Amazon's net profit tripled to a record, driven by higher valuation of Anthropic investment.
Amazon.com reported on the 30th that its net profit for the April–June 2026 quarter surged 3.4 times year-on-year to 62.647 billion dollars, setting a new quarterly record. The rising valuation of its investee, US AI startup Anthropic, boosted results. Apple also posted strong performance in its main products, with net profit up 27 percent to 29.789 billion dollars.
Amazon.com IncAmazon's net profit tripled to a record, driven by higher valuation of Anthropic investment.
Apple Inc.Apple's net profit rose 27% in the quarter, a strong earnings result.