Apple Slips 7% Pre-Market, Amazon Spikes 12%, as Market Assesses Earnings to Identify AI Winners
Amazon.com, Inc. (AMZN.US) shares leaped 12% in pre-market trading on Friday (31st), while Apple Inc. (AAPL.US) fell off 7%, reflecting markedly different investor reactions to the two companies' quarterly results for the period ended June.
Both companies announced quarterly results for the period ended June 2026 on Thursday, with Amazon.com, Inc. receiving a positive market response while Apple Inc. disappointed investors.
Apple Inc.'s quarterly profit, revenue and iPhone sales all topped market expectations, but the company issued weak guidance for the current quarter, citing the impact of supply constraints. Apple Inc. said revenue growth for the current quarter would range between 9% and 11%, below market expectations for 12% growth.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| APPLE (C) |
11132 |
300 (-) |
0.390 |
7.9 X |
| APPLE (P) |
11063 |
248 (-) |
0.029 |
12.2 X |
| AMZN (P) |
11137 |
180 (-) |
0.043 |
6.7 X |
