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A surge in Amazon stock Friday gave the Nasdaq enough momentum to obscure Apple slump. Beneath the surface of the Nasdaq composite’s 1% gain was a tug of war between Apple stock, which fell 7.4%, and Amazon’s which surged 15%. The post-earnings slide, Apple’s largest since 2014, followed company forecasts for its September quarter that fell short of Wall Street’s expectations.
Find insight on Apple, Telus and more in the latest Market Talks covering technology, media and telecom.
<body><p>STORY: :: Recorded on July 31</p><p>:: Lisa Bernhard, Reuters</p><p>:: Dean Smith, Portfolio Manager, FolioBeyond</p><p>Shares of Apple tumbled as much as 10% on Friday after a disappointing forecast showed that the iPhone maker was struggling to secure enough components as the AI-driven data center boom strains global supply chains.</p><p>The drop, if sustained, would erase nearly $500 billion from Apple's market capitalization and return the crown of the world's most valuable company to AI chip giant Nvidia, days after reclaiming it.</p><p>Meanwhile, shares of Amazon soared as much as 15% after the tech giant's solid cloud sales growth reinforced investor confidence in its massive AI bets.</p><p>"There's two really different trends going on," said Smith. "One is the hardware constraint, the [other is] cloud compute capacity, and those are going to continue to drive what we see in the AI investment thesis."</p><p>Next week, the focus will remain on AI when SpaceX delivers its first quarterly earnings results since going public.</p><p>"There's no mystery about how many rockets they're firing off, we can see them," said Dean with a laugh. "So what I'm looking for in SpaceX is to see what is their plan for the AI side of the business."</p></body>
Apple stock tumbled 7.4% to $308.91 on Friday after its fiscal third-quarter earnings report left investors disappointed. The drop wiped out $359 billion in value, bringing Apple's market capitalization to $4.
Apple's (AAPL) supply chain-related concerns could persist into fiscal 2027, UBS Securities said, af
(Updates with index/price moves and macroeconomic data from the first paragraph.) US equity index
AI-driven component shortages limited Apple's growth outlook and threatened to erase approximately $500 billion in market value.
1inch, a leading decentralized finance (DeFi) protocol, just announced the launch of it’s new shared liquidity protocol, Aqua. It promises to improve efficiency and unlock liquidity for users across networks. Sergej Kunz, co-founder and CEO at 1inch, joined TheStreet Roundtable to talk about the ...
LPL Financial strategist Adam Turnquist noted investors could argue that Apple's comments on memory chip prices mean the chip stock sell-off is overdone.
By Noel Randewich and Johann M Cherian July 31 (Reuters) - Wall Street climbed on Friday, lifted by Amazon as the tech heavyweight's strong quarterly report bolstered investor confidence in AI-related
Investing.com -- A packed week of Big Tech earnings produced significant moves in both directions, with memory stocks experiencing significant volatility.
Apple's services division, which includes advertising, reached a record of $30.7 billion in revenue for Q3 2026, up 12% year-over-year. Ads were a key growth driver supporting App Store and Music, but services slightly missed analyst estimates of $31.2 billion.
Wall Street offered mixed views on Apple’s outlook after earnings, while Stocktwits retail traders largely shrugged off the selloff and stayed bullish.
Apple's strongest advantage may soon face pressure
Nvidia stock was rising after Amazon raised its capital expenditure forecast and played down competition between its custom AI chips and Nvidia’s processors.
The major indexes fell and AI stocks dived through midweek, partly on soaring oil and yields, but Microsoft and Amazon provided support.
Apple Stock Tumbles as Memory Costs Threaten iPhone Demand
Qualcomm's stock just took a brutal post-earnings hit despite beating revenue estimates, and the reason the market sold off so hard tells you almost nothing about where this company is actually headed.
Apple stock fell Friday after the consumer electronics giant missed views with its September-quarter sales outlook.
Tim Cook has left a lasting legacy at Apple (AAPL), from his first earnings call as CEO in 2011 to his last one in 2026. Cook will step down as CEO on September 1, 2026 passing the baton to John Ternus, Apple's Senior Vice President of Hardware Engineering.