WS #13163
Amazon surged 15.3% on record AWS growth and tripled profits, while Apple fell 7.35% on weak guidance due to memory chip shortages, and Meta fell 9% on soft guidance, creating a sharp divergence in the AI trade. The collapse of the Situational Awareness hedge fund (forced to sell holdings to Ken Griffin) and skepticism from analysts like Ed Zitron highlight fragility in the AI trade, despite strong earnings from Amazon and Microsoft.
MAG7 Earnings Divergence
Amazon surged 15.3% on record AWS growth and tripled profits, while Apple fell 7.35% on weak guidance due to memory chip shortages, and Meta fell 9% on soft guidance, creating a sharp divergence in the AI trade.
The collapse of the Situational Awareness hedge fund (forced to sell holdings to Ken Griffin) and skepticism from analysts like Ed Zitron highlight fragility in the AI trade, despite strong earnings from Amazon and Microsoft.