WS #13097
Amazon reported Q2 revenue of $200.6B (beat), AWS growth of 37% (fastest since 2021), and raised 2026 capex to $220B, driving stock +9% after hours. Apple beat revenue ($109.4B) and EPS ($2.02) but services revenue missed ($30.74B vs $31.22B est.) and warned of significant supply constraints, sending stock down ~7% after hours. AI-focused hedge fund Situational Awareness was forced to unwind leveraged positions, selling public holdings to Citadel, removing a source of AI selling pressure.
Amazon Q2 Earnings Beat
Amazon reported Q2 revenue of $200.6B (beat), AWS growth of 37% (fastest since 2021), and raised 2026 capex to $220B, driving stock +9% after hours.
Apple beat revenue ($109.4B) and EPS ($2.02) but services revenue missed ($30.74B vs $31.22B est.) and warned of significant supply constraints, sending stock down ~7% after hours.
AI-focused hedge fund Situational Awareness was forced to unwind leveraged positions, selling public holdings to Citadel, removing a source of AI selling pressure.