From Yahoo Finance: 2025-05-01 13:38:00

Apple and Amazon.com stocks dipped in after-hours trading due to disappointing forecasts, including Apple’s estimated $900 million tariff costs. CEO Tim Cook detailed supply chain changes to minimize the impact of Trump’s trade war. Amazon.com reported lower-than-expected first-quarter cloud revenue growth and operating income forecasts. U.S. tech-related stocks surged during regular trading after strong results from Microsoft and Meta Platforms, with Nasdaq up 1.5%. Microsoft’s AI contribution to Azure growth increased to 16%, boosting shares by 7.6%. Meta Platforms’ AI tools attracted advertising dollars, lifting shares by 4.2%. Nvidia and Broadcom also saw gains. Apple and Amazon ended the session higher, despite Apple facing legal troubles over App Store reforms. The “Magnificent Seven” tech and growth stocks rebounded from earlier struggles with Trump’s tariffs, with investors closely monitoring their performance.



Read more at Yahoo Finance: Apple, Amazon shares slip after hours; tech shares jump earlier