Apple Falls 7% as Cook Warns of Memory Chip ‘100-Year Flood’
Apple stock slid 7.35% Friday after CEO Tim Cook called soaring memory chip prices a ‘100-year flood.’ Nvidia reclaimed the most-valuable-company crown.
Apple stock slid 7.35% Friday after CEO Tim Cook called soaring memory chip prices a ‘100-year flood.’ Nvidia reclaimed the most-valuable-company crown.
Roblox fell 26.85%, its worst day ever, after Q2 revenue grew 36% but Q3 bookings guidance implied a 14-18% YoY decline vs a viral 2025 comp.
Apple posted its strongest June quarter ever with $109.4B revenue and $2.02 EPS. Tariff refunds added ~2pp to gross margin and $0.11 to EPS.
Amazon posted $200.6B in Q2 revenue and $27.5B operating income. AWS grew 37% — the fastest in 18 quarters — as AI demand pulls capex forward.
Microsoft’s Q4 FY2026 topped estimates: $90B revenue (+18%), $4.81 diluted EPS, and Azure crossed $100B annual. Shares jumped ~9% after hours on July 29.
Manhattan Associates jumped 21% July 29 after Q2 revenue of $297.8M, 26% cloud growth, and a raised 2026 outlook. Stifel lifted its target to $225.
Ford reported Q2 2026 revenue of $48.3B and adjusted EPS of $0.42, then raised full-year adjusted EBIT guidance to $10-11B. Shares jumped 5% pre-market.
Amkor Technology posted a record Q2 with $1.90B in sales, but a soft Q3 guide and heavy AI-packaging capex sent AMKR down nearly 25% on July 28.
Preferred stock vs common stock: voting rights, dividend priority, liquidation order, cumulative vs non-cumulative, and where preferreds fit.
Meta and BlackRock unveiled a $14 billion joint venture for a 1-gigawatt El Paso AI data center, financed by a $12B bond sale kept off Meta’s balance sheet.