Apple and Amazon beat expectations, but look deeper

Ava Morgan
8 Min Read

A person walks through the Apple Store on Fifth Avenue in New York City, USA, May 1, 2025.

Kylie Cooper | Reuters

For the quarter that ended in March, Apple and Amazon reported top and bottom-line figures that defeat the expectations of the analysts, with the Felow “Magnificent Seven” countertabers alphabet, Microsoft and Meta platforms on stage. (Tesla’s long promised full self -driving is still busy helping the electric vehicle company cross the border.)

That said, the financial results of Bush Apple and Amazon had sub -weakers under the hood. Apple’s Services Division, which buys offers, such as advertisements, iCloud and Apple TV+, lacked estimates. That counts because it is the second highest income generator for Apple, who only chases his iPhone division. As far as Amazon is concerned, his cloud division – the largest cloud provider in the world – could not fulfill the expectations of sales for the third time in a row, suggesting that growth slows down.

CEOs of arched companies have also marked the challenge to predict how rates will not only influence the current quarter, but also in the coming year. Let the expite of investors about Microsoft and Meta – as can be seen in rallies in the shares of those companies on Thursday – there are still gaps for Big Tech’s road for us.

Note: CNBC Daily Open is gone on 5 May on 5 May, Monday, for the holidays in Singapore. The newsletter returns on May 6, Tuesday.

What to know today

Apple’s Services -Informs expect expectations
Apple On Thursday, a second tax quarter reported income that defeated Wall Street’s expectations. The company’s services of the company, however, was not on the estimates, and CEO Tim Cook said that it is “Vray Difficul” to predict the impact of rates after June. Apple said separately that it would appeal after the court found that the company deliberately violated an order from 2021 that came from the Epic Games test.

Cloud growth in Amazon slows down
Amazon Reported better than expected results for the first quarter. But the turnover at Amazon Web Services grew at a slower pace than expected, third consecutive income Miss. The company gave light guidelines and noted that “rates and trade policy” and “recessary fears” could cause the prediction to change. Yet CEO Andy Jassy said that he is “optimistic” that the company could come from the uncertainty stronger.

Big Tech -shares Boost Ons -Indexen
US shares were advanced on Thursday, stimulated by jumps in Platforms Doel And Microsoft Shares after the companies reported rosy income. The S&P 500 Won 0.63%, the Dow Jones Industrial average 0.21% added and the tech-heavy Nasdaq Composite Climbed 1.52%. UKs FTSE 100 Rose A fractional 0.02% to extend its winning series to 13 sessions, the best run since 2017. Most other European markets are closed for the holidays on 1 May.

Request for ‘rate exclusion process’
The American Chamber of Commerce insisted on the government of US President Donald Trump to immediately implement “rate exclusion” to prevent a recession. The group asked that the process applies to all imports of small businesses and to all products that “cannot be produced in the US”, the deputy Staffen Stefen Miller Suggonsted, the Trump administration is notepad and said tax tax

‘Focus on innovation’: nvidia to anthropic
On Wednesday, Anthropic said with Amazon in a post that Chinese blog mosquito-tactics had hidden chips in “prosthetic baby bumps” and “full of live lobsters.” NASTY Nvidia Spokesperson responded to anthropic Thursday and said that “American companies should concentrate on innovation and take on the challenge instead of telling Tall Tales.” US chip export restrictions are set to get in force on 15 May.

[PRO] Is Big Tech back?
For a few strong income reports from Microsoft and Meta, the trade in the artificial intelligence service seems to have ruled and, at least temporarily, can be worried from the heads of investors. Som Market Watchers, however, think that the breakout rally from Microsoft is unique.

And finally …

Jensen Huang, CEO of Nvidia, gives his Keystone speech prior to Computex 2024 in Taipei on JNE 2, 2024.

Sam Yeh | AFP | Getty images

Nvidia CEO Jensen Huang will have the first salary increase in a decade

Nvidia CEO Jensen Huang has earned dozens of billions of dollars in recent Yars of his interest in the chip maker, but he gets his first salary in a decade.

The base salary of Huang rose to $ 1.5 million, rising to 49% compared to 2024, according to a proxy philling with the SEC on Thursday. His variable cash also rose by $ 1 million, or 50%, from the 2024 public prosecutor. The equity prices grew up to $ 38.8 million, which resulted in the total wage to $ 49.9 million.

The committee committee “believed that this was taken into consideration instead of the internal payment of the basic salt of other top managers, the Filing said, and” it represented Mr. Huang’s first basic salary in 10 years. “