Robin Wigglesworth / Financial Times:

Goldman Sachs: Alphabet and Amazon generated “other income” totaling $53B in Q1, or ~60% of their Q1 income; $49B was due to equity stakes in private companies  —  The AI “hyperscalers” reported bumper earnings for the first quarter, with both sales and profits beating expectations.

Robin Wigglesworth / Financial Times:

Goldman Sachs: Alphabet and Amazon generated “other income” totaling $53B in Q1, or ~60% of their Q1 income; $49B was due to equity stakes in private companies  —  The AI “hyperscalers” reported bumper earnings for the first quarter, with both sales and profits beating expectations.

Source: TechMeme
Source Link: https://www.techmeme.com/260507/p40#a260507p40