WS #13089
Apple reported Q3 revenue of $109.4B (+16% YoY) and EPS of $2.02, but shares fell ~2.5% after hours as Services revenue of $30.7B missed estimates and China weakness persisted. Amazon reported Q2 revenue of $200.6B (+20% YoY) and EPS of $5.75, with AWS growing 37% to $42.2B, driving shares up ~7% after hours and validating AI spending thesis. The AI hedge fund Situational Awareness was rescued by Citadel after liquidating its $16B equity portfolio following AI losses, highlighting AI investment risks.
Apple Q3 earnings beat but shares fall on Services miss
Apple reported Q3 revenue of $109.4B (+16% YoY) and EPS of $2.02, but shares fell ~2.5% after hours as Services revenue of $30.7B missed estimates and China weakness persisted.
Amazon reported Q2 revenue of $200.6B (+20% YoY) and EPS of $5.75, with AWS growing 37% to $42.2B, driving shares up ~7% after hours and validating AI spending thesis.
The AI hedge fund Situational Awareness was rescued by Citadel after liquidating its $16B equity portfolio following AI losses, highlighting AI investment risks.