Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
In its latest results, Amazon reported stronger-than-expected growth tied to its cloud AI services, highlighting demand for computing and data tools built around artificial intelligence. The quarter also showed a cash squeeze as the company stepped up investment.
THE APEX TIMES
THE APEX TIMES
In its latest quarter, Apple reported sales of $109.4 billion, up 16.4% year over year, and posted GAAP earnings per share of $2.02, slightly above what analysts expected.
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Amazon reported second-quarter revenue of $201 billion, topping expectations, while AWS sales grew at the fastest pace in five years, triggering a sharp after-hours move in the stock.
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Apple’s Services segment, which includes the App Store, iCloud, and Apple Music, did not fully meet analyst expectations in the latest quarter, according to a report by Yahoo Finance. The company has not, in the available materials, provided additional segment-level detail explaining the miss.
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The crypto exchange reported results that did not meet revenue expectations, posting a substantial net loss, but the company also pointed to gains in market share and continued growth in its USDC stablecoin business.
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U.S. equity futures pointed higher as the market looked through recent volatility, with a late earnings push from Apple and Amazon arriving after Microsoft helped revive investor sentiment around artificial intelligence.
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Apple reported a solid fiscal third quarter, with iPhone and Mac sales providing a key lift as the company continued to work through demand trends and the pricing impact of product changes introduced earlier this summer.
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After a six-session losing streak that left Tesla shares down about 21% over the period, the stock rose going into Thursday trading, with Yahoo Finance pointing to a Microsoft-related catalyst behind the turn.
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Markets snapped back as the Nasdaq Composite ended a six-day slump and Microsoft rose, underscoring continued investor attention on big-cap tech and the stocks that lead intraday momentum.
