Overview

• Microsoft reported Q2 revenue of $76.4 billion and net income of $27.2 billion, driven by a 39% surge in Azure and lifting its market capitalization briefly above $4 trillion.
• Meta posted H1 revenue of $89.8 billion and net income of $35.0 billion, beating expectations and sending its shares up more than 9% in after-hours trading.
• Apple delivered $94.0 billion in Q3 revenue and $1.57 earnings per share, topping forecasts even as potential U.S. tariffs threaten its margins.
• Amazon recorded $168.0 billion in Q2 sales and a 35% jump in net profit thanks to AWS growth of 17.5%, though its conservative guidance weighed on its stock.
• Nasdaq and S&P 500 hit record highs as investors weigh the potency of AI-driven growth against rising capex demands and geopolitical trade tensions.