Apple and Amazon Ride Revenue Beat Amid AI Spending Skepticism
TL;DR Summary
Apple and Amazon beat expectations in Q2: Apple revenue $109.4B with EPS of $2.02 and Amazon revenue $200.6B, driven by AWS growth and ad revenue. Apple’s services revenue missed forecasts, and Amazon’s free cash flow declined. Amazon stock jumped after hours; Apple remains a market leader and, after this quarter, has become the world’s most valuable company as Tim Cook passes the CEO helm to John Ternus, who plans to expand entertainment. Investors still weigh ongoing AI-spending by tech giants amid broader market volatility.
- Apple and Amazon report rising revenues as investors turn on some tech stocks The Guardian
- Stock market today: Nasdaq, Dow, S&P 500, Nasdaq set for more gains as Big Tech's AI spending shows no sign of letting up finance.yahoo.com
- Futures Rise As Apple, Amazon Diverge; What To Do After AI Surge Investor's Business Daily
- Tech Earnings, July 30, 2026: Sales, Profits at Amazon, Apple Beat Estimates as Mag 7 Results Continue Investopedia
- Apple and Amazon report after the bell. Here's what the options market is saying CNBC
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