Earnings live: Amazon stock soars, Apple pares gains with earnings from AI players to come
Update: 2025-10-31
Description
Tech giants kicked off earnings season with a bang, driving a positive start to Q3 results. Apple and Amazon led the charge, with Apple beating estimates but falling short on iPhone revenue, while Amazon saw a ten percent stock spike due to AWS growth. Beyond tech, oil giants ExxonMobil and Chevron posted strong results, but health and tobacco sectors faced challenges. As AI-focused companies and other buzzy names prepare to report, investors and analysts are adjusting their outlooks, focusing on AI investments, changing consumer habits, shifting labor trends, and pharma patent expirations to shape future growth.
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