Overview
- Amazon posted a strong quarter powered by faster‑than‑expected growth at AWS.
- Apple topped forecasts, extending a run of stronger large‑cap tech results this earnings week.
- Microsoft and Alphabet also beat expectations and outlined higher AI investment plans.
- Meta set a revenue record but flagged aggressive AI spending and disclosed a roughly $16 billion tax charge; its shares fell more than 11% as reporting indicated over $200 billion in market value was erased.
- Outside tech, Chipotle cut full‑year guidance for a third straight quarter and slid about 18%, while energy was mixed with Exxon slightly missing and Chevron topping estimates.