Amazon Soars, Apple Sinks in Split Tech Earnings

Amazon's strong quarterly performance reassured investors that the cloud-computing giant was riding the AI wave, while Apple's results disappointed on fears its next-generation chips were behind schedule.

The divergent fortunes of the two tech titans came on the final trading day of a turbulent month.

The Nasdaq posted a modest gain, but energy-driven inflation and the Iran war continued to cloud the outlook for growth stocks.

Analysts said the split underscored a market increasingly driven by AI winners and losers.