BUSINESSQUARTZ
Amazon jumped 13%. Apple fell 7%. The AI trade is picking clear winners again
Amazon's stock rose 13% due to strong cloud results, while Apple's stock fell 7% over a service revenue shortfall. The AI trade is highlighted as a factor influencing stock performance.
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Adjacent reporting
- Apple drops 7%, Amazon surges 12% as investors pick AI winners after earnings
- Amazon’s AI Success Sends Stock Racing Toward $3 Trillion Club
- The AI trade split Big Tech in half as Microsoft jumped 9% and Meta fell 9%
- Amazon soars after CEO Andy Jassy makes the case for its massive AI investment
- US stocks bounce as AI winners recover some of last week's sharp losses