Tesla reported its second-quarter earnings on Wednesday, disclosing far lower profits than expected. The company's already beleaguered stock, which had fallen about 14% this year to date, dipped further following the earnings report. Elon Musk's automaker, once the pinnacle of his tech empire, has taken a back seat to SpaceX. Musk's rocket and AI company held the largest stock market debut in history last month, turning the richest man on Earth into the world's first trillionaire, though his net worth has since fallen from its peak. Tesla revealed earnings of 31 cents per share, a measurement of profits divided by the number of outstanding shares, less than the 51 cents per share Wall Street predicted.

Google's parent company, Alphabet, reported double-digit revenue growth for its second-quarter earnings on Wednesday. This is the tech giant's 12th consecutive quarter of massive revenue gains. The better-than-expected results come as investors evaluate how Alphabet's huge spending on AI has affected its bottom line and what its long-term plans are to sustain those enormous investments. The company revised its yearly capital expenditure forecast to $200bn, with quarterly spending growing 100% year over year. Alphabet is already one of the top five most valuable companies in the world, worth about $4.2tn.

Apple regains top spot as world's most valuable company Apple has surpassed chipmaker Nvidia as the world's most valuable company as artificial intelligence-driven market pressures weigh on investors. Apple is now worth $4.88 trillion compared with Nvidia's $4.86 trillion, following a 3.5 percent decline in Nvidia's market value. The milestone marks the first time the Cupertino, California-based iPhone maker has held the top spot in more than a year. Last month, Apple unveiled a revamped version of its assistant, Siri AI, which enables the personal assistant to better understand the personal context of users' questions, access real-time information from the Web, and perform more complex tasks on behalf of users. "Market sentiment has shifted from rewarding model makers, then to semis, and now on to those companies that can turn compute into experiences and outcomes the customer will pay for, thus driving corporate earnings," Michael Monaghan, founder of Founder ETFs, told Al Jazeera. "Apple investors first questioned Apple's lower AI spend, but now have treated Apple's lower AI capital expenditure as an advantage, with the bull case being that Apple benefits from consumer AI without spending at cloud-infrastructure scale."

Combined net profits at Japanese listed companies in fiscal 2025 rose 9.0% from the previous year to a record, according to SMBC Nikko Securities. Combined net profits at Japanese listed companies in fiscal 2025 rose 9.0% from the previous year to a record ¥54.7 trillion, according to SMBC Nikko Securities. The figure for the year ended in March hit a record high for the fifth consecutive year, thanks to rosy earnings of semiconductor-and data center-related companies amid strong demand for artificial intelligence, as well as strong earnings of banks on the back of higher interest rates. SMBC Nikko Securities compiled earnings data for 1,116 Tokyo Stock Exchange-listed companies in the TOPIX stock price index that close their books in March, with 99.5% of them having disclosed their fiscal 2025 earnings as of Thursday. While auto companies and other transportation equipment firms suffered sharp profit drops from the impact of a U.S. high tariff policy, profits were boosted in a wide range of industry sectors, such as electric appliances, telecommunications and nonferrous metals, supported by growing AI demand.

Microsimulation models used by ministries of finance and central banks rely on parametric processes for lifetime earnings that capture only first and second moments of the conditional distribution and miss long-range nonlinear structure. We propose SAGA, a decoder-only transformer for irregular tabular panel sequences, paired with a split conformal calibration wrapper that delivers individual-level prediction intervals with finite-sample marginal coverage guarantees. Trained on the longitudinal Swedish LISA register over 1990 to 2022, comprising 2,143,817 individuals and 61,284,903 person-years, the model forecasts annual labor earnings at horizons of one to thirty years and aggregates them by Monte Carlo into present-discounted lifetime earnings distributions. Against the canonical Guvenen, Karahan, Ozkan, and Song parametric process and tabular and recurrent baselines, SAGA reduces continuous ranked probability score by 31.9 percent at the ten-year horizon and mean absolute error by 37.7 percent at the twenty-year horizon. Conformal intervals achieve nominal coverage to within 0.4 percentage points marginally and within 2.4 percentage points on the worst-case demographic subgroup. The reconstructed lifetime earnings Gini coefficient is 0.327 against the partially observed truth of 0.341 and the GKOS estimate of 0.378. Model weights, calibration tables, and a synthetic equivalent dataset are released for replication outside the protected SCB MONA environment.

Tesla has reported its first-ever decline in annual revenue on a busy day for corporate earnings that also saw the release of results from Microsoft, Meta and Samsung Electronics. Elon Musk's electric car company said on Wednesday that revenue fell 3 percent year-on-year to $24.9bn in the final quarter of 2025. Revenue for all of 2025 was $94.8bn, down from $97.7bn the previous year. The Austin, Texas-based company also revealed that it had agreed to invest $2bn in Musk's artificial intelligence start-up xAI - the developer of Musk's controversial Grok chatbot - as part of a push to lessen its reliance on the auto market. "Together, the investment and the related framework agreement are intended to enhance Tesla's ability to develop and deploy AI products and services into the physical world at scale," the company said in its earnings report.

Disney has agreed to invest $1bn (£740m) in OpenAI as part of a deal which will let people use many of its iconic characters in the chatbot ChatGPT and video-generation tool Sora. It is the first major studio to license parts of its catalogue to the tech giant, in a move which could have major implications for the studio's future plans. It means fans will be able to generate and share pictures and videos of more than 200 characters from Disney's franchises, including Pixar, Marvel and Star Wars. The move comes as OpenAI faces mounting questions about how its rapidly advancing tech is used - and as anxiety in Hollywood increases over the impact of AI on the creative industries. According to a blog post announcing the news, the list of eligible characters include those from Disney films Zootopia, Moana and Encanto - as well as characters like Star Wars' Luke Skywalker and Marvel's Deadpool.

'We excel at every phase of AI': Nvidia CEO quells Wall Street fears of AI bubble amid market selloff Global share markets rose after Nvidia posted third-quarter earnings that beat Wall Street estimates, assuaging for now concerns about whether the high-flying valuations of AI firms had peaked. On Wednesday, all eyes were on Nvidia, the bellwether for the AI industry and the most valuable publicly traded company in the world, with analysts and investors hoping the chipmaker's third-quarter earnings would dampen fears that a bubble was forming in the sector. Jensen Huang, founder and CEO of Nvidia, opened the earnings call with an attempt to dispel those concerns, saying that there was a major transformation happening in AI, and Nvidia was foundational to that transformation. "There's been a lot of talk about an AI bubble," said Huang. "From our vantage point, we see something very different. As a reminder, Nvidia is unlike any other accelerator. We excel at every phase of AI from pre-training to post-training to inference."

An aerial view of an Amazon Web Services Data Center known as US East 1 in Ashburn, Virginia on 20 October 2025. An aerial view of an Amazon Web Services Data Center known as US East 1 in Ashburn, Virginia on 20 October 2025. Thu 30 Oct 2025 16.50 EDTLast modified on Fri 31 Oct 2025 05.25 EDT Amazon has made its first financial disclosures since the disastrous outage suffered by its cloud computing division that brought everything from smart beds to banks offline. In spite of the global outage, Amazon Web Services has continued to grow, and this quarter reported a 20% increase in revenue year over year. Wall Street estimated that AWS would bring in $32.42bn in net sales in the third quarter, with the company reporting actual revenue of $33bn.

Microsoft's CEO, Satya Nadella, speaks at the company's annual developer conference in Seattle, Washington. Microsoft's CEO, Satya Nadella, speaks at the company's annual developer conference in Seattle, Washington. Tech giant reports earnings of $3.72 per share day after deal with OpenAI pushed value of company to more than $4tn Microsoft blew off concerns of overspending on AI on Wednesday, reporting elevated earnings even as it faced an outage of its cloud computing service, Azure, and its office software suite, 365. The strong earnings report comes a day after a deal with OpenAI pushed the value of the tech giant to more than $4tn. After its Xbox and investor relations pages went down, the company issued a statement that said: "We are working to address an issue affecting Azure Front Door that is impacting the availability of some services."