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All Eyes on Apple, Amazon For Next Leg of AI Trade

Earnings results from Apple and Amazon.com will round out a packed week of megacap technology reports and give clues about where the AI trade may go from here as recent reports signaled that patience is needed.

The pair are the last tech giants to release results until Nvidia at the end of August, and will set the tone for tech investors for the coming month. The reports, due after the close, will be scrutinized for how AI is driving growth for Amazon’s cloud-computing unit and how the new technology is expected to boost demand for the next iPhone. They’ll also give investors some insight into the health of consumer spending.

Source: Bloomberg PLC


Apple is under pressure to give more information about expected demand for its next iPhone models. The company’s upcoming artificial intelligence features will arrive later than anticipated, missing the initial launch of its upcoming iPhone and iPad software overhauls, Bloomberg has reported.

Source: Bloomberg PLC


 Head of Trading Dimitar Kalapov

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