WS #13100
Microsoft and Amazon beat Q2 estimates, driving a massive tech rally with MSFT up 16% (+$450B market cap) and AMZN up 9% after hours, lifting global semiconductor stocks and Asian markets. Apple reported record June quarter revenue of $109.4B and EPS of $2.02 (beat), but services revenue missed at $30.74B and China revenue fell short, causing after-hours decline of ~4%.
Tech Mega-Cap Earnings Rally
Microsoft and Amazon beat Q2 estimates, driving a massive tech rally with MSFT up 16% (+$450B market cap) and AMZN up 9% after hours, lifting global semiconductor stocks and Asian markets.
Apple reported record June quarter revenue of $109.4B and EPS of $2.02 (beat), but services revenue missed at $30.74B and China revenue fell short, causing after-hours decline of ~4%.