WS #13336
Russia's FAS opens antitrust case against Apple for not pre-installing Kremlin-backed apps (potential $50M fine); Apple launches second legal challenge to UK iCloud backdoor order. Amazon's market cap surpasses $3 trillion on strong Q2 cloud/AI results, up 5.2% to ~$285.7, joining Nvidia, Apple, Alphabet, Microsoft in the exclusive club. AMD, Micron, Intel are sliding pre-earnings; AMD reports Tuesday with sky-high expectations, and Astera Labs rises ahead of its Q2 report.
Apple regulatory and legal headwinds
Russia's FAS opens antitrust case against Apple for not pre-installing Kremlin-backed apps (potential $50M fine); Apple launches second legal challenge to UK iCloud backdoor order.
Amazon's market cap surpasses $3 trillion on strong Q2 cloud/AI results, up 5.2% to ~$285.7, joining Nvidia, Apple, Alphabet, Microsoft in the exclusive club.
AMD, Micron, Intel are sliding pre-earnings; AMD reports Tuesday with sky-high expectations, and Astera Labs rises ahead of its Q2 report.