๐ Week recap: AMZN +15% vs AAPL -10% โ Friday earnings clash was historic
Friday closed out a wild earnings week: Amazon ($AMZN) exploded +15% โ its best day in over a decade โ after AWS cloud revenue surged 37% YoY to $42.2B and total revenue crossed $200B for the first time. Meanwhile Apple ($AAPL) sank ~10%, erasing nearly $400B in market cap, as Tim Cook warned of chip shortages clouding iPhone production and Q4 guidance missed estimates โ notably his final earnings call as CEO. Coinbase ($COIN) also cratered 13% on a third straight quarterly loss with revenue down 14%. Not financial advice. Which move surprised you most โ the AMZN rip or the AAPL collapse?