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

The Guardian Business · Published 1d ago · Impact 56%

Both tech companies beat Wall Street predictions on revenue in their second quarters Apple and Amazon both released their second quarter earnings on Thursday, a test of investor confidence in major tech companies amid growing concerns over exorbitant AI spending. Apple revealed quarterly revenue of

Steady / neutral66%

PositivePossible support for stability, investment or market confidence

RiskInflation, volatility, borrowing costs or weaker growth

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