New York, July 31, 2026 (AFP) - Amazon shares surge 11% after earnings while Apple tumbles 8%

NAMPA / AFP

2026-07-31

Tech heavyweights Amazon and Apple moved in opposite directions after earnings Friday as US stocks opened higher near the end of a volatile week. Shares of Amazon surged 11 percent after growth in its cloud, artificial intelligence and chips divisions produced better than expected results. Apple also topped estimates, but shares fell eight percent after the company's forecast disappointed investors. jmb/md ...

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