WS #13104
Microsoft and Amazon beat with strong AI/cloud growth, driving record market cap gains and confirming AI capex is paying off; Amazon raises 2026 capex to $220B. Apple beats Q2 but guides Q3 revenue growth of 9-11% below estimates due to memory chip supply constraints, causing shares to fall ~6% after-hours.
AI earnings boom
Microsoft and Amazon beat with strong AI/cloud growth, driving record market cap gains and confirming AI capex is paying off; Amazon raises 2026 capex to $220B.
Apple beats Q2 but guides Q3 revenue growth of 9-11% below estimates due to memory chip supply constraints, causing shares to fall ~6% after-hours.