WS #13362
Amazon crosses $3T market cap on AWS growth, Microsoft and Meta rally on AI spending, and Morgan Stanley raises cloud capex estimates to $1.4T, reinforcing the AI trade. Apple faces UK legal challenge over encryption, Russian antitrust case, and MacBook Air shipment delays due to memory shortage, while India tax breaks could support manufacturing.
Tech rally and AI capex strength
Amazon crosses $3T market cap on AWS growth, Microsoft and Meta rally on AI spending, and Morgan Stanley raises cloud capex estimates to $1.4T, reinforcing the AI trade.
Apple faces UK legal challenge over encryption, Russian antitrust case, and MacBook Air shipment delays due to memory shortage, while India tax breaks could support manufacturing.