The Nasdaq led gains among Wall Street's main indexes on Friday, buoyed by Amazon's 13.7% jump after the Big Tech company joined some of its peers in delivering strong cloud revenue growth, putting to rest concerns about AI returns.
Limiting some optimism, Apple warned that supply constraints would hurt growth, prompting investors to look beyond near-term shortages to gauge the hit from an expected iPhone price hike as its shares dropped 9.8% in early trading.
