Amazon Surges, Apple Disappoints, Rivian Gains
Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers:- Amazon (AMZN) shares jumped in post-market trading after it beat revenue expectations for the second quarter by 1.8%, with the AI-cloud Amazon Web Services division coming in 4.1% ahead of estimates. Net income climbed 244% from a year earlier. However, it sees 3Q revenue of between $197 billion and $202 billion, less than the $204 billion consensus. The surprisingly strong performance of the AI business seems to be what’s pushing shares higher, but the company was…
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