Grid Dynamics up 23%

Grid Dynamics Holdings, Inc. reported Record Revenues of $104.2 million and a Board Authorizes $50.0 million Share Repurchase Program.

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Cameco (CCJ) +23% on $80B U.S.–Westinghouse Nuclear Deal

Cameco Corporation (CCJ) surged 23% in one day after the U.S. signed an $80 billion agreement with Westinghouse to jointly expand global nuclear fuel supply. Shares of both Cameco and Brookfield jumped on the news, reinforcing nuclear’s critical role in energy security and AI-era power demand.

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Amazon: Cloud comeback, AI revenue signals, and massive capex

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Q3 recap. Amazon posted a strong quarter with total sales up 13% to $180.2 billion, beating expectations. Its cloud arm, AWS, was the standout — delivering $33 billion in revenue, up 20% YoY, the fastest growth since late 2022. Shares jumped 12% on the news, snapping recent underperformance against Microsoft and Google.
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AI-driven upside. CEO Andy Jassy used the call to highlight Amazon’s AI revenue pipeline:
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• Rufus shopping chatbot: Expected to drive an extra $10B in annual retail sales.
• Connect call-center platform: Set to reach $1B in annualized revenue.
• Bedrock AI marketplace: Could grow as large as EC2, AWS’s core cloud computing business.
• Anthropic partnership: Amazon has committed $8B and built a dedicated data-center + AI chip ecosystem for Claude.
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Capex & data center buildout.
Capital expenditures surged 61% to $34.2B this quarter. AWS’ power capacity has now doubled since 2022, and management expects it to double again by 2027. The buildout comes as AI demand pushes infrastructure to the limit.

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Comparison to peers.
Despite AWS' reacceleration, Microsoft’s Azure (+29% YoY) and Google Cloud (+33.5% YoY) are still growing faster. But AWS remains the largest cloud player, and analysts say this quarter eased fears about Amazon’s place in the AI race.

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Profitability & guidance.
Operating income was $17.4B, including severance and FTC settlement costs. Amazon guided for $206B–$213B in Q4 revenue and $21B–$26B in operating profit, both in line with expectations.

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Cost cuts and strategy.
Amazon cut 14,000 corporate jobs and warned of more in 2026. The goal: improve retail margins through automation and ad growth, while funneling capital into AI and cloud — the only segments the market currently rewards.