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Meta and Amazon Q2 Beats, Reddit Shares Drop; TSMC Advances Chip Packaging

Amazon logoAmazon
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Meta Platforms (Facebook) logoMeta Platforms (Facebook)
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Reddit logoReddit
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TSMC logoTSMC
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Meta reported Q2 revenue of $60.80B and EPS of $5.75, both above analyst estimates, while Amazon posted Q2 revenue of $200.61B and EPS of $2.02, also beating consensus. Reddit’s Q2 results topped forecasts yet its shares fell sharply. Separately, TSMC is developing advanced chip packaging to challenge Intel’s lead.

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