"Apple reported fiscal Q2 revenue of $111.18 billion, up about 17%, and an EPS of $2.01 versus $1.94 expected, marking its 8th straight earnings beat. Tim Cook noted iPhone demand was 'off the charts', and the company authorized a $100 billion buyback while raising the dividend 4% to $0.27."
"SanDisk crushed estimates with revenue of $5.95 billion and an EPS of $23.41, significantly above the expected $14.50. CEO David Goeckeler described it as a 'fundamental inflection point' linked to a shift in datacenter mix, with shares up 73% over the past month."
"WTI crude slipped to $103, down nearly 2%, easing inflation concerns. The Pentagon signed deals to deploy AI technology from NVIDIA, Amazon Web Services, and Microsoft, highlighting the increasing federal investment in AI."
The S&P 500 index achieved a historic milestone of 7,200, marking its best month since November 2020 with a 10% increase in April. Apple's fiscal Q2 report showed revenue of $111.18 billion and an EPS of $2.01, exceeding expectations. SanDisk also reported strong earnings, with revenue of $5.95 billion and an EPS of $23.41. Crude oil prices fell due to Middle East de-escalation, contributing to a favorable market environment. Overall, U.S. stocks gained over $10 trillion in market capitalization in the past month.
Read at 24/7 Wall St.
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