445 stories mentioning AmazonUpdated 1d ago
Traded amid mixed consumer stocks; its Whole Foods unit lost a US labor board appeal over a Philadelphia store unionization vote.
Consumer stocks were mixed pre-bell Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 2.4% higher.Amazon.com (AMZN) shares were up more than 10% after the company reported higher Q2 earnings and revenue that also topped analysts' expectations.
(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were higher pre-bell Friday as tech stocks, led by Amazon (AMZN), were on the upswing amid a potential expansion of the Middle East conflict to include Egypt.Dow Jones Industrial Average futures were 0.5% higher, S&P 500 futures were up 0.3%, and Nasdaq futures rose 0.9%.Amazon stock was up 10% in premarket activity after the tech giant reported better-than-expected Q2 results that highlighted the strength of its cloud-computing business.Egypt reported that a drone strike hit two vessels at the port of Damietta on Wednesday. No party has claimed responsibility for that attack, which is the first one in the country's territory since the war between the US and Iran began in late February.Iran said it attacked US assets in Kuwait and Bahrain after the recent wave of US strikes this week, CNBC reported Friday, citing state media.Traders digested the latest round of earnings, with Exxon Mobil (XOM) posting higher Q2 adjusted earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.6% at $88.29 per barrel and US West Texas Intermediate crude 1.8% higher at $85.06 per barrel.The Chicago purchasing managers index for July, due at 9:45 am ET, is seen coming in at 56.0, down from its prior value of 56.7, according to estimates compiled by Bloomberg.The final University of Michigan consumer sentiment report for July, scheduled at 10 am ET, is expected to show consumer sentiment index coming in at 54.0, down from 54.4 in the prior period.In other world markets, Japan's Nikkei closed 4% higher, Hong Kong's Hang Seng ended 0.1% higher, and China's Shanghai Composite finished 0.7% higher. Meanwhile, the UK's FTSE 100 was up 0.2%, and Germany's DAX index was 0.3% higher in Europe's early afternoon session.In equities, Micron Technology (MU) stock was up 2.6%, SK Hynix (SKHY) shares rose 5.6%, and Advanced Micro Devices (AMD) stock was 3.4% higher as part of a wider rally in the tech sector.On the losing side, Apple (AAPL) shares fell 7.9% despite the company's strong fiscal Q3 results as it missed estimates for iPad and services revenue. Exxon Mobil stock dropped 1.1% despite posting a Q2 adjusted earnings and revenue beat. AbbVie (ABBV) shares were down 3.3% after the company lowered its full-year 2026 adjusted earnings outlook.
Amazon.com (AMZN) has an average rating of buy and mean price target of $323.06, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
US equity futures were higher pre-bell Friday as tech stocks, led by Amazon (AMZN), were on the upswing, amid a potential expansion of the Middle East conflict to include Egypt.Dow Jones Industrial Average futures were 0.5% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were 1.1% higher.Amazon stock was up 11% in premarket activity after the tech giant reported better-than-expected Q2 results that highlighted the strength of its cloud-computing business.Egypt reported that a drone strike hit two vessels at the port of Damietta on Wednesday. No party has claimed responsibility for that attack, which is the first one in the country's territory since the war between the US and Iran began in late February.Iran said it attacked US assets in Kuwait and Bahrain after the recent wave of US strikes this week, CNBC reported Friday, citing state media.Traders digested the latest round of earnings, with Exxon Mobil (XOM) posting higher Q2 adjusted earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.7% at $88.38 per barrel and US West Texas Intermediate crude 1.5% higher at $84.85 per barrel.The Chicago purchasing managers index for July, due at 9:45 am ET, is seen coming in at 56.0, down from its prior value of 56.7, according to estimates compiled by Bloomberg.The final University of Michigan consumer sentiment report for July, scheduled at 10 am ET, is expected to show consumer sentiment index coming in at 54.0, down from 54.4 in the prior period.
The benchmark US stock measures were tracking in the green before the open Friday as Amazon's (AMZN) better-than-expected quarterly results improved sentiment around the artificial intelligence trade.The S&P 500 rose 0.4%, the Dow Jones Industrial Average increased 0.5% and the Nasdaq gained 1.1% in premarket activity. The indexes finished the previous trading session up, with the Nasdaq snapping a six-day losing streak and recording its biggest single-day percentage gain since June 15.Shares of Amazon rose 13% pre-bell after the e-commerce giant reported second-quarter earnings above Wall Street's estimates amid a 37% jump in its Amazon Web Services cloud computing business."Amazon's (second-quarter) print was exactly what bulls wanted," RBC Capital Markets said in an emailed client note on Friday. "AWS's accelerating 37% growth beat the bogey, the backlog meaningfully accelerated and AWS's margin flow-through would suggest AI may not be the (return on investment) depressant it's been made out to be."Apple (AAPL) fell 7.1% early Friday as the company missed market estimates for iPad and services revenue in its fiscal third quarter. The tech giant recently increased prices for MacBooks and iPads amid surging memory and storage chip costs.Meta Platforms (META) rose 1.9% while Microsoft (MSFT) was down 0.5% following a 16% jump at the close of Thursday trading. Social media platform Reddit (RDDT) fell 9.3% following its latest quarterly results.Government data on Thursday showed that the US personal consumption expenditure price index decreased 0.1% month over month in June, marking the first decline since April 2020. A separate report showed that US economic growth slowed more than expected in the second quarter, though consumer spending seemed to shrug off intensifying price measures.Treasury yields were trending higher in premarket action, with the two-year rate increasing 2.7 basis points to 4.26% and the 10-year rate adding 0.6 basis points to 4.67%.Iran's army said Friday that it launched strikes on strategic US assets and military bases in Kuwait and Bahrain, following Washington's attack against Iran earlier in the week, CNBC reported, citing state media.Saudi Arabia on Thursday reportedly proposed to form a naval alliance to protect key shipping routes in the Red Sea and Strait of Hormuz, with Iran and its Houthi allies in Yemen continuing to attack vessels amid the ongoing conflict with the US. About 40 countries attended a meeting to discuss strengthening maritime cooperation, the Saudi Defense Ministry reportedly said.West Texas Intermediate crude oil was up 0.4% at $83.93 a barrel before the opening bell, while Brent advanced 0.7% to $89.53.Oil giants ExxonMobil (XOM) and Chevron (CVX) report their latest financial results before the bell, along with AbbVie (ABBV), Colgate-Palmolive (CL), Moderna (MRNA), Magna International (MGA) and AutoNation (AN).Friday's economic calendar has the Chicago purchasing managers' index for July at 9:45 am ET, followed by the final University of Michigan consumer sentiment report for the same month at 10 am. The weekly Baker Hughes oil-and-gas rig count is out at 1 pm.Gold declined 1.2% to $4,113 per troy ounce, while bitcoin shed 1.6% to $63,713.
Amazon.com (AMZN) shares were soaring early Friday after the e-commerce giant's second-quarter results topped Wall Street's views amid cloud-computing business strength, while the company lifted its capital expenditure guidance.Net income jumped to $5.75 a share for the June quarter from $1.68 a year earlier, Amazon said late Thursday. The consensus on FactSet was for $1.82. Net sales climbed 20% to $200.61 billion, surpassing the Street's view for $197.04 billion.The company's shares were up 11% in premarket activity Friday.Sales at the Amazon Web Services cloud-computing unit surged 37% to $42.23 billion, marking the fastest growth in 18 quarters. "Customers continue to increase cloud migrations and scale up their use of AWS core services," Chief Financial Officer Brian Olsavsky said during an earnings call late Thursday, according to a FactSet transcript. "As customers invest in (artificial intelligence), we see core spending increase in core consumption.""We've long believed AWS could become a few hundred-billion-dollar revenue business and now believe it'll be at least double that, and very possibly be a $1 trillion annual revenue business for us in time," Amazon Chief Executive Andy Jassy said on the call.For 2026, the technology giant now expects to spend roughly $220 billion in cash CapEx, up from its previous estimate of $200 billion, driven by the higher cost of memory, Jassy told analysts. "But even at that amount, we will still not have enough capacity to meet all the demand we have in 2026, and I believe this dynamic will also be true in 2027."Amazon expects to spend "a lot of CapEx and encounter free cash flow headwinds" in the short term amid strong demand for the development of data centers and before it can start monetizing from them, Jassy said on the call. "But as we get a few years out and the revenue growth outpaces the incremental CapEx growth, which will happen at some point, the resulting revenue, free cash flow and return on invested capital is very compelling."Second-quarter CapEx came in at $53.1 billion, while free cash flow was a negative $7.6 billion for the trailing 12 months, compared with an inflow of $18.18 billion a year earlier, mainly reflecting AI investments, according to the company.Recently, Microsoft (MSFT) said it anticipated CapEx in fiscal 2027 to increase year over year, with the metric to exceed $50 billion in its fiscal first quarter. Facebook and Instagram parent Meta Platforms (META) raised the lower end of its CapEx guidance. Alphabet (GOOG, GOOGL) shares came under pressure last week after the Google parent indicated rising AI capital spending that analysts said could drive a bigger cash burn than previously projected.Amazon delivered the "cleanest beat" among the hyperscalers within Wedbush Securities' coverage, while the e-commerce giant's management also provided the "most explicit walk through" of how it will achieve return on invested capital on its CapEx spend, the brokerage said Friday."This clean beat and walk through are the factors in our view on the different share reaction between (Alphabet) and (Amazon) on what we view as similarly strong fundamental prints with raises in CapEx," Wedbush said in a note to clients, as its increased its price target on the Amazon stock to $310 from $293 and reiterated its outperform rating.For the ongoing quarter, Amazon expects net sales between $197 billion and $202 billion, while the Street is looking for $202.76 billion. Excluding the impact of the company's Prime Day sales event in both 2025 and 2026, this year's September quarter year-over-year growth would be nearly 400 basis points higher, according to the company.
(Updates with market moves at the end of the day.)The Nasdaq Composite surged Thursday, rebounding after a six-day losing streak, as Microsoft's (MSFT) shares moved 16% higher in a post-earning rally.The technology-heavy Nasdaq gained 2.8% to close at 25,122.18, its biggest single-day percentage gain since June 15. The S&P 500 rose 1.7% to 7,437.63, while the Dow Jones Industrial Average climbed 1.2% to 52,208.06. Among sectors, tech paced the gainers with a 5.2% advance, while communication services led the laggards.Microsoft soared almost 16%, the top gainer on the Dow. Its quarterly results released late Wednesday topped estimates driven by a revenue surge in cloud computing platform Azure."This year, Azure revenue surpassed $100 billion for the first time, and Microsoft 365 Copilot reached over 30 million paid seats, reflecting the confidence customers are placing in us to power their (artificial intelligence) transformation," Chief Executive Satya Nadella said in a statement on Wednesday.Sandisk (SNDK) surged 26%, the top performer on the S&P 500, while other chip-related stocks also logged sharp gains, such as Micron Technology (MU), Advanced Micro Devices (AMD), and Intel (INTC).Meta Platforms' (META) shares slumped 8% as the technology giant provided a soft third-quarter revenue outlook following an unexpected year-over-year decline in quarterly earnings. It raised the lower end of its capital expenditure guidance."Microsoft shows clearer AI revenue through Azure and Copilot, while Meta still depends mainly on advertising," Saxo Bank said in a report.Amazon.com (AMZN) was the Dow's third-biggest gainer, up 3.9%. The e-commerce giant and Apple (AAPL) released their latest quarterly results after the closing bell on Thursday.Treasury yields were mixed, with the 10-year rate up 5.1 basis points at 4.67%, while the two-year rate was little changed at 4.25%.In economic news, the US personal consumption expenditure price index fell 0.1% month over month in June, marking the first decline since April 2020, the Bureau of Economic Analysis reported Thursday. That helped cut the year-over-year rate to 3.7% from 4.1%.Separate data showed US economic growth slowed more than expected in the second quarter, though consumer spending seemed to shrug off intensifying price measures.West Texas Intermediate crude oil was down 0.9% at $83.71 a barrel in Thursday late-afternoon trade, while Brent fell 1.8% to $89.15. Both benchmarks are on track for hefty gains this month, following two consecutive monthly declines.The US carried out fresh strikes against Iran on Wednesday in response to Tehran's attempted missile attacks on US forces in the Middle East a day earlier, the US Central Command said."Elevated energy prices are also clouding the inflation outlook for the (Federal Reserve), keeping upside inflation risks alive, with core PCE inflation having run above the Fed's 2% target for more than five years," TD Economics said. "While the Fed remained on the sidelines this week, financial markets continue to price a rate hike by year-end."The Federal Open Market Committee held the policy rate steady on Wednesday, in a divided decision that included three officials calling for a hike.Spot gold rose 1.1% to $4,113.71 per troy ounce, while silver advanced 2.3% to $59.43 per ounce.
(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes soared following a bounce in semiconductors, as investors anchored to Microsoft's (MSFT) quarterly results showing AI monetization while awaiting results from Amazon.com (AMZN) and Apple (AAPL) after the bell.The Nasdaq Composite jumped 2.7% to 25,097.2, the S&P 500 was up 1.6% to 7,435.5, and the Dow Jones Industrial Average climbed 1.2% to 52,231.8 ahead of Thursday's close. Technology was the standout gainer, up 5%.The Microsoft intelligent cloud segment's revenue increased 32% to $39.31 billion, buoyed by 43% growth in Azure and other cloud services, according to the company. Analysts expected a 40% year-over-year advance in Azure sales."This year, Azure revenue surpassed $100 billion for the first time, and Microsoft 365 Copilot reached over 30 million paid seats, reflecting the confidence customers are placing in us to power their (artificial intelligence) transformation," Chief Executive Satya Nadella said in a statement. Shares of Microsoft soared 17%, one of the top gainers on the S&P 500, Nasdaq, and the Dow.VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, soared 6.7%, as chipmakers are major beneficiaries of AI-related spend. Investors will watch Amazon's AI-related growth in both revenue and spend when it announces quarterly results after the bell.Among companies with a market capitalization of more than $200 billion, six of the top 10 gainers in the final leg of trading were from the semiconductors and semiconductor equipment and materials industries, according to data compiled by Finviz.In economic news, the personal consumption expenditures, or PCE, price index fell 0.1% in June, as expected, cutting the year-over-year rate to 3.7% from 4.1%. The price index rose by 0.5% in May. The core PCE price index climbed 0.1% in June, below the 0.2% gain expected and following a 0.3% growth in May. The year-over-year rate dropped to 3.3% from 3.4%, according to the Bureau of Economic Analysis.US Treasury yields traded mixed, with the 10-year up 4.5 basis points to 4.67%. The two-year was steady at 4.24%.Late Wednesday, the US Central Command forces completed a "heavy wave" of strikes against Iran in response to Tuesday's attempted missile attacks on US forces, according to CENTCOM. Meanwhile, the Islamic Revolutionary Guard Corps targeted US bases in Kuwait and Jordan following Washington's strikes on Iran, Al Jazeera, a Middle East broadcaster, reported, citing the IRGC.The front-month US West Texas Intermediate was down 1.1% at $83.55 a barrel, while global benchmark North Sea Brent declined 1.9% to $89.03 a barrel.
A consortium of banks led by Morgan Stanley (MS) is in talks to lend $15 billion to a data-center developer to build a campus and power plant for Anthropic in Texas, The Wall Street Journal reported Thursday, citing people familiar with the matter.Alphabet's (GOOG, GOOGL) Google would provide financial guarantees and chips for the project. The deal could be announced as soon as today, the report said.Morgan Stanley and Nexus Data Centers -- the developer -- did not immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $209.57, Change: $+6.44, Percent Change: +3.17%
Banks in Talks to Lend $15 Billion for Google-Backed Anthropic Data Center, The WSJ Reports
(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday, supported by the technology's sector's advance as Microsoft (MSFT) shares surged, while traders parsed fresh inflation data.The Nasdaq Composite was up 2.6% at 25,074.4 after midday Thursday, while the S&P 500 rose 1.5% to 7,424.6. The Dow Jones Industrial Average climbed 1.1% to 52,145.7. Among sectors, tech saw the steepest rise with a gain of 5.1%, while communication services led the laggards.Microsoft was up nearly 17%, the top gainer on the Dow and among the best performers on the S&P 500. Its quarterly results released late Wednesday topped estimates driven by a revenue surge in cloud computing platform Azure.Chip-related stocks were sharply higher, with Sandisk (SNDK) surging 25%, the top performer on the Dow. Micron Technology (MU), Advanced Micro Devices (AMD), and Intel (INTC), also advanced.Amazon.com (AMZN) followed Microsoft on the Dow, up 4.9%. The e-commerce giant and Apple (AAPL) are scheduled to release their latest quarterly results after markets close Thursday.Meta Platforms' (META) shares slumped 9.2% intraday as the technology giant provided a soft third-quarter revenue outlook following an unexpected year-over-year decline in quarterly earnings. It raised the lower end of its capital expenditure guidance."Microsoft shows clearer (artificial intelligence) revenue through Azure and Copilot, while Meta still depends mainly on advertising," Saxo Bank said in a report.In economic news, the US personal consumption expenditure price index fell 0.1% month over month in June, marking the first decline since April 2020, the Bureau of Economic Analysis reported Thursday. That helped cut the year-over-year rate to 3.7% from 4.1%."While lower gasoline prices provided a boost to households' purchasing power in June, that support may prove temporary as energy prices have moved higher amid renewed US-Iran tensions," TD Economics said in a report.West Texas Intermediate crude oil was down 0.6% at $83.96 a barrel intraday, while Brent fell 1.2% to $89.67. Both benchmarks are on track for hefty gains this month, following two consecutive monthly declines.The US carried out fresh strikes against Iran on Wednesday in response to Tehran's attempted missile attacks on US forces in the Middle East a day earlier, the US Central Command said."Elevated energy prices are also clouding the inflation outlook for the (Federal Reserve), keeping upside inflation risks alive, with core PCE inflation having run above the Fed's 2% target for more than five years," TD Economics said. "While the Fed remained on the sidelines this week, financial markets continue to price a rate hike by year-end."The Federal Open Market Committee held the policy rate steady on Wednesday, in a divided decision that included three officials calling for a hike.Treasury yields were mixed intraday, with the 10-year rate up 3.9 basis points at 4.66%, while the two-year rate fell 1.3 basis points to 4.22%.In other economic news, US real gross domestic product increased at a 1.5% annualized rate in the quarter ended June, according to an advance government estimate released Thursday. The consensus was for 2% growth in a survey compiled by Bloomberg.Spot gold rose 0.8% to $4,101.62 per troy ounce, while silver advanced 1.5% to $58.94 per ounce.
Amazon's (AMZN) Zoox said Thursday it will begin charging for robotaxi rides, starting next month in Las Vegas, after the National Highway Traffic Safety Administration gave the company a temporary exemption to commercially deploy the vehicles.Price: $238.61, Change: $+11.96, Percent Change: +5.28%
Amazon's Zoox Gets Regulatory Approval for Paid Robotaxis, Reuters Reports
US stock futures pointed to a higher open on Thursday as investors awaited a key inflation report following the Federal Reserve's latest interest rate decision.The Nasdaq 100 was tracking 1% higher before the opening bell. S&P 500 futures rose 0.5%, while the Dow Jones Industrial Average indicated a 0.3% gain.The indexes closed the previous session in the red after the Fed left interest rates unchanged in a divided decision, with three regional presidents calling for policy tightening.The personal income and outlays report for June is scheduled to be released at 8:30 am ET. The report includes the personal consumption expenditures price index, the Fed's preferred inflation metric, as well as data on consumer spending.While the market expects about two interest rate hikes over the coming 12 months, Jefferies said the next policy move will likely be a rate cut."We expect that labor market conditions will continue to gradually soften throughout the remainder of the year, and we are optimistic that inflation pressure is going to continue to soften as the energy surge from Iran reverses," Jefferies Chief US Economist Thomas Simons said in a note e-mailed to.The outlook is uncertain, so "we could certainly be wrong about the persistence of high inflation," Simons added.The Fed's next meeting is scheduled for Sept. 15-16.Treasury yields were up in premarket action, with the two-year rate increasing 2.6 basis points to 4.26% and the 10-year rate adding 7 basis points to 4.62%.Thursday's economic calendar also has the advance estimate for second-quarter gross domestic product, along with the weekly jobless claims bulletin.West Texas Intermediate crude oil fell 0.9% to $83.74 a barrel, while Brent declined 0.5% to $90.25.The US carried out fresh strikes against Iran on Wednesday in response to Tehran's attempted missile attacks on US forces in the Middle East a day earlier, the US Central Command said.Earlier in the week, Saudi Arabia and the US struck Iran-backed militias in Iraq.Meta Platforms (META) shares fell 9% before the bell as the company's second-quarter earnings unexpectedly fell year over year late Wednesday. The social media giant's third-quarter revenue guidance also missed Wall Street's expectations at the midpoint.Microsoft (MSFT) surged 9% after its quarterly results topped estimates driven by a revenue surge in cloud computing platform Azure.Apple (AAPL) and Amazon (AMZN) are scheduled to release their latest financial results after the bell Thursday. Mastercard (MA), Shell (SHEL), Bristol-Myers Squibb (BMY) and Altria (MO) were among the companies scheduled to release results before markets open.Gold rose about 1% to $4,139 per troy ounce.
Amazon.com's (AMZN) Amazon Web Services signed a multiyear, $410 million agreement with Recursive, under which the artificial intelligence company will run its automated AI research system on AWS as its cloud provider, the e-commerce giant said Tuesday.The partnership will give Recursive the infrastructure to run self-improving AI research at scale, and the companies also plan to co-develop infrastructure for large-scale automated AI research, Amazon said.
Rogers Communications (RCI) and Amazon.com's (AMZN) Prime Video reported Tuesday a 12-year agreement for the latter to broadcast Wednesday night national NHL games in English and French in Canada, beginning with the 2026-2027 season.Prime Video also acquires exclusive rights to select Stanley Cup Playoff series in Canada, the companies said. Financial details weren't disclosed.Last year, Rogers and the NHL reported a 12-year agreement for the national media rights to NHL games on all platforms in Canada, from the 2026-27 through the 2037-38 seasons.Price: $33.89, Change: $+1.08, Percent Change: +3.29%
Amazon (AMZN) is poised for higher capital expenditure for 2027 and beyond in light on rising component prices as well as demand, UBS said in a Tuesday research note.UBS said it has also made changes to its estimate for revenue from Amazon Web Services, accounting for Microsoft-backed (MSFT) OpenAI moving its initial use of Trainium chips out of Q4 and into early 2027, which shifts about $3 billion of revenue out of this year.UBS further said it continues to believe that Wall Street is "undermodeling" the backlog and revenue growth prospects for AWS in H2 and even more so in 2027. UBS estimates 36% and 48% AWS revenue growth prospects in 2026 and 2027, compared with Wall Street view of 31% and 30%, respectively.UBS lowered its price target to $305 from $333 and maintained its buy rating on the company's stock.Price: $231.26, Change: $-0.13, Percent Change: -0.06%
(Updates with Amazon comments in the last two paragraphs.)Amazon.com (AMZN) is scaling back development of several in-house AI models and reorganizing its teams to focus on a new frontier foundation model, Business Insider reported Tuesday, citing people familiar with the matter.The company has shifted resources away from most of its Nova AI models, now maintained primarily for existing customers, following layoffs in its Artificial General Intelligence organization and the shutdown of its AGI Lab, the report said.Amazon is focusing engineering resources on its Frontier Model Research initiative, with a new flagship foundation model expected to debut at its conference later this year, the report said."We're continuing to invest in and support the Nova models our customers rely on today, including through Nova Forge, which lets businesses build their own models on Nova as a foundation," an Amazon spokesperson said in an emailed statement to. "As with any AI portfolio, we continually evolve our model lineup based on what customers need, and we always provide customers clear guidance and migration paths as models advance.""We're also investing in the next generation of frontier model research, and Amazon's commitment to building advanced AI models is as strong as it's ever been," according to the statement.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $231.27, Change: $-0.13, Percent Change: -0.05%
The Dow Jones Industrial Average and S&P 500 were up in late-morning trading Tuesday, while the Nasdaq Composite was roughly flat, as certain semiconductor stocks sold off.In company news, Corning (GLW) reported Q2 non-GAAP earnings Tuesday of $0.78 per diluted share, up from $0.60 a year earlier and above the FactSet consensus analyst estimate of $0.76. Second-quarter revenue was $4.74 billion, up from $4.05 billion a year ago and above the FactSet consensus of $4.63 billion. For Q3, Corning said it expects diluted EPS of $0.85 to $0.89, compared to the FactSet consensus of $0.85. The company said it expects Q3 sales of $4.9 billion to $5 billion, compared to the FactSet consensus of $5 billion. Corning shares were down 15.5% around midday.Coca-Cola (KO) reported fiscal Q2 comparable diluted EPS Tuesday of $0.97, up from $0.87 a year earlier and above the FactSet consensus of $0.93. Net Q2 operating revenue was $13.38 billion, up from $12.54 billion a year ago and above the FactSet consensus of $13.17 billion. For 2026, the company said it expects comparable EPS growth of 9% to 10%, up from its previous guidance of 8% to 9%, and it raised its organic growth revenue outlook to about 5% from 4% to 5%. Coca-Cola shares were up 6.0%.Boeing (BA) reported a Q2 core loss Tuesday of $0.76 per share, narrowing from a loss of $1.24 a year earlier but below the FactSet consensus of a loss of $0.28. Second-quarter revenue was $24.56 billion, up from $2.75 billion a year ago and above the FactSet consensus of $24.26 billion. The company said Q2 deliveries increased 14% to 171 planes. Boeing shares were up 4.0%.Visa (V) confirmed toearlier Tuesday reports that it will trim around 2,600 jobs, or about 7% of it workforce, as part of Chief Executive Ryan McInerney's plan to streamline operations. The cuts will mainly impact its technology and product teams. Visa shares were up 1.2%.Apple (AAPL) saw its market capitalization surpass $5 trillion for the first time on Tuesday morning, Bloomberg reported. Separately, the company is planning to launch a number of home products, including a hub device built around the new Siri AI assistant, Bloomberg reported Tuesday, citing people with knowledge of the matter. Apple is also preparing a new TV set-top box and updated HomePod mini, the people reportedly told Bloomberg. Lastly, Apple said Tuesday it has partnered with Klarna Group (KLAR) on a new program that will allow US customers to lease an iPhone for $17.99 per month. In addition to the iPhone, the program, called Apple Upgrade, is offering 12- and 24-month leasing options for Apple Watch, Mac and iPad for $11.99, $24.99 and $11.99 per month, respectively. Apple shares were up 0.8%.Meta Platforms (META) and BlackRock (BLK) have agreed to form a strategic venture to develop and own a 1-gigawatt data center campus in El Pas, Texas, Meta said Tuesday. Funds managed by BlackRock will own an 80% interest in the joint venture, with Meta holding the remaining 20%, the tech giant said. Meta shares were flat, while BlackRock shares were up 3.2%.China's Moonshot AI is seeking more Nvidia (NVDA) Blackwell chips, as it discusses plans for Kimi K4, its next model that will be larger than its recently released Kimi K3, The Information reported Tuesday, citing two people familiar with the matter. Nvidia shares were up 0.7%.Two of Amazon's (AMZN) data centers in Bahrain sustained damage following missile strikes last week that Iran claimed to carry out, Bloomberg reported Tuesday, citing satellite imagery. Amazon shares were down 0.4%.PayPal (PYPL) reported Q2 non-GAAP EPS Tuesday of $1.38, down from $1.40 a year earlier but above the FactSet consensus of $1.28. Net Q2 revenue was $8.68 billion, up from $8.29 billion a year ago and above the FactSet consensus of $8.47 billion. For Q3, the company said it expects to post a roughly low-single-digit decline in non-GAAP EPS from $1.34 a year earlier. Analysts polled by FactSet expect $1.33. For 2026, PayPal expects non-GAAP EPS of about $5.38, above the FactSet consensus of $5.31. Separately, the company said it will offer installment payments for up to 48 months for eligible Amazon customers in Germany and Austria starting in August. PayPal shares were up 3.9%.Price: $88.98, Change: $+4.91, Percent Change: +5.84%
Microsoft-backed (MSFT) OpenAI and Amazon-backed (AMZN) Anthropic have pushed to expand the types of AI models requiring government review under a looming Trump administration framework to include those from competitors like Meta Platforms (META) and SpaceX's (SPCX) SpaceXAI, The Information reported, citing sources.OpenAI and Anthropic didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $398.97, Change: $+9.86, Percent Change: +2.54%
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