Apple, Microsoft, Amazon Shine on Wall Street | What’s News for July 29
- Markets Startups
Peter Lynch- 0
- 3 minutes read
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1. Microsoft’s $450 billion one-day gain in market capitalization was the largest by any U.S. business, ever.
The company’s stock surged 16% after its earnings quelled concerns that investments on data centers, chips and more would outpace the company’s ability to generate cash. In other Magnificent Seven news, Apple reported sales exceeding $109 billion, but growth in its services business was disappointing, and Amazon reported higher-than-expected revenue from Amazon Web Services.
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