WS #13088
Amazon Q2 revenue $200.6B (+20% YoY), EPS $5.75, AWS +37%, AI run rate >$25B; stock up ~7% after hours, validating AI spending thesis. Apple Q3 revenue $109.4B (+16% YoY), EPS $2.02, iPhone +22%, but Services miss and China weakness cause after-hours drop of ~2.5%. AI hedge fund Situational Awareness sells $16B equity portfolio to Citadel after steep AI losses; fund value drops from $45B to $10B.
Amazon earnings beat, AWS strength
Amazon Q2 revenue $200.6B (+20% YoY), EPS $5.75, AWS +37%, AI run rate >$25B; stock up ~7% after hours, validating AI spending thesis.
Apple Q3 revenue $109.4B (+16% YoY), EPS $2.02, iPhone +22%, but Services miss and China weakness cause after-hours drop of ~2.5%.
AI hedge fund Situational Awareness sells $16B equity portfolio to Citadel after steep AI losses; fund value drops from $45B to $10B.