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Apple and Amazon report rising revenues as investors turn on some tech stocks

Apple drops 7% as Amazon surges 12% after earnings

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The brief

The Guardian reported that Apple and Amazon have released their earnings, showing rising revenues. However, the reaction from investors was mixed, with Apple's stock dropping and Amazon's surging.

Initial reports from Yahoo Finance and qz.com suggested investors should take action before the earnings release, indicating a potential shift in the market. Later, CNBC added that the options market was anticipating significant movement in the stocks.

A contradiction emerged in the reporting, with qz.com stating Amazon's stock surged 13% and CNBC reporting a 12% surge, while Apple's stock dropped 7% according to both.

Currently, the market is poised for a strong session, with the Nasdaq, Dow, and S&P 500 potentially gaining, as Big Tech's AI spending continues to show no signs of slowing down, according to finance.yahoo.com

Synthesized by headlinez.news from the headlines below under a strict no-invention contract. Updated 1h ago.

Coverage (10)

Quick answers

Which companies reported rising revenues?

Apple and Amazon

How did investors react to the earnings?

Investors turned on some tech stocks, with Apple's stock dropping and Amazon's surging

What is driving the market?

Big Tech's AI spending

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