Amazon reported stronger-than-expected Q2 earnings driven by surging AI cloud services demand, rocketing 8% in after-hours trading. Apple beat on Q3 revenue and earnings but issued weak guidance citing supply constraints, sending shares down 6%. The divergent results highlight investor focus on AI monetization and forward guidance over headline beats.
→ Apple's earnings call commentary on China demand and supply timeline
→ Additional mega-cap tech earnings (Microsoft already reported strong beat yesterday)
→ How guidance patterns evolve for remaining high-profile earnings