WS #13094
Microsoft surged 15%+ during regular trading, adding ~$450B in market cap, after strong Azure growth and reassuring AI capex commentary, lifting the entire tech sector. Amazon reported Q2 EPS of $5.75 vs $1.82 consensus, revenue $200.6B vs $197B, with AWS growth accelerating to 37% and AI/chips businesses each exceeding $25B run rate; stock up 8%+ after hours. Apple beat Q3 estimates with EPS $2.02 vs $1.89 and revenue $109.4B vs $108.65B, but fell 8% after hours on services revenue miss ($30.74B vs $31.22B) and weak Q4 guidance of 9-11% growth (below 12% consensus), citing supply constraints and memory chip shortages.
Microsoft Stock Surge
Microsoft surged 15%+ during regular trading, adding ~$450B in market cap, after strong Azure growth and reassuring AI capex commentary, lifting the entire tech sector.
Amazon reported Q2 EPS of $5.75 vs $1.82 consensus, revenue $200.6B vs $197B, with AWS growth accelerating to 37% and AI/chips businesses each exceeding $25B run rate; stock up 8%+ after hours.
Apple beat Q3 estimates with EPS $2.02 vs $1.89 and revenue $109.4B vs $108.65B, but fell 8% after hours on services revenue miss ($30.74B vs $31.22B) and weak Q4 guidance of 9-11% growth (below 12% consensus), citing supply constraints and memory chip shortages.