Amazon stocks are soaring and Apple's are plunging after their reporting different situations at their respective results on Thursday. The former issued weak guidance for the third quarter, while the latter's cloud computing business saw the strongest expansion since 2021.
Apple's stock fell 7% after citing "supply constraints" even though its earnings, revenue and iPhone sales were above market expectations. The company noted that revenue growth will stand between 9% and 11%, below analysts' expectations that it would stand at 12%.
