- Microsoft recorded its largest share price rise in 18 years, adding $450 billion in market value after its Azure cloud division reported a 30% increase in sales.
- Amazon saw its AWS cloud division sales rise by 37% to $42.2 billion, driven by booming demand from AI customers.
- Meta lost over $130 billion in market value as its capital expenditure guidance for the year was raised to between $130 billion and $145 billion, showing a 55% jump in Q2 costs.
- Apple shares slid 3% in after-hours trading due to lacklustre sales in China and ongoing chip shortages.
Quotes
“Soon, we will have agents that can work 24/7 on your behalf to help you achieve your goals and improve your life, your health, your relationships, your finances – whatever you want.”