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Big Tech Earnings Show AI Spending Spree and Apple Supply Constraints
BusinessBBCbloombergNYT+30FTThe GuardianNPRAl Jazeeradr-dkyle-uutisetcnbcfaz+22 more25d ago33 sources

Big Tech Earnings Show AI Spending Spree and Apple Supply Constraints

Major tech companies like Amazon and Microsoft reported strong earnings driven by significant investments in AI, while Apple warned of future supply constraints impacting Mac, iPhone, and iPad sales, leading to a projected slowdown in September-quarter growth.

Big Tech Earnings Reports Drive Mixed Stock Market Reactions
BusinessReutersBBCbloomberg+36wsjFTnzzyle-uutisetcnbchelsingin-sanomatnostagesschau+28 more3mo ago39 sources

Big Tech Earnings Reports Drive Mixed Stock Market Reactions

Several major tech companies, including Meta and Microsoft, reported earnings, leading to significant fluctuations in their stock prices. Meta saw a substantial drop after its AI expense estimates, while Microsoft's solid earnings didn't prevent a stock decline.

Various Companies Report Q3 Earnings, Many Exceeding Expectations
Businessyle-uutisetYahooseeking-alpha26d ago3 sources

Various Companies Report Q3 Earnings, Many Exceeding Expectations

Several companies, including Plexus, Preformed Line Products, Endeavour Silver, Cactus, Spok, Insperity, Arxis, CONMED, and Everest Group, reported their latest quarterly earnings, with most beating analyst expectations for EPS and revenue. Starbucks, however, saw a significant decline in international revenue, and Pilgrim's Pride missed on both EPS and revenue.