WS #13147
Amazon surged ~15% on record AWS growth and a $600M tariff refund, while Apple plunged ~10% on memory-cost warnings and weak guidance, flipping the most-valuable-company title to Nvidia. US 10Y hit 4.739% (highest since Jan 2025) and traders price 69% odds of a September Fed hike, pressuring growth stocks and REITs.
Big Tech earnings divergence: AMZN surge vs AAPL plunge
Amazon surged ~15% on record AWS growth and a $600M tariff refund, while Apple plunged ~10% on memory-cost warnings and weak guidance, flipping the most-valuable-company title to Nvidia.
US 10Y hit 4.739% (highest since Jan 2025) and traders price 69% odds of a September Fed hike, pressuring growth stocks and REITs.