Amazon.com IncAmazon's Q2 results included a $53.4 billion gain from its Anthropic investment, boosting earnings.
S&P 500 companies are on track to report a 50% year-over-year increase in second-quarter earnings, the fastest growth since the second quarter of 2021, according to FactSet. With 88% of index members having reported, 86% have beaten earnings per share estimates, above the five-year average of 78% and the highest positive surprise rate since the second quarter of 2021. Aggregate earnings are coming in 29.2% above estimates, the largest surprise since FactSet began tracking the metric in 2008. Creative Planning chief strategist Charlie Bilello called the profit surge an unprecedented boom fueled by massive EPS gains in big tech, including markups in SpaceX and Anthropic. Amazon's results included a $53.4 billion gain in other income, primarily from its investment in Anthropic.
Amazon.com IncAmazon's Q2 results included a $53.4 billion gain from its Anthropic investment, boosting earnings.
Space Exploration Technologies Corp. Class A Common StockSpaceX is cited as contributing to big tech EPS gains, though not detailed.
FactSet Research Systems IncAnthropic's markups are mentioned as part of the profit surge, with Amazon's investment gain.