WS #13151
Apple shares fell ~10% (worst since March 2020) erasing ~$500B after weak guidance citing memory/processor shortages ('RAMageddon'), with revenue growth forecast of 9-11% below ~12% expectations. Amazon shares surged >15% after AWS revenue grew 37% (fastest in 18 quarters), operating margin hit 39.4%, and 2026 capex guidance raised to $220B, reinforcing the AI investment bull case.
Apple supply crunch selloff
Apple shares fell ~10% (worst since March 2020) erasing ~$500B after weak guidance citing memory/processor shortages ('RAMageddon'), with revenue growth forecast of 9-11% below ~12% expectations.
Amazon shares surged >15% after AWS revenue grew 37% (fastest in 18 quarters), operating margin hit 39.4%, and 2026 capex guidance raised to $220B, reinforcing the AI investment bull case.