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Top stories today:
1. Apple revenue -1% to $81.8B, but cost of sales falls, leading net income +2%
2. Amazon revenue +11% to $134.3B, as $7.7B operating profit is 70% AWS
3. Coreweave, NVIDIA-funded GPU cloud provider, raises $2.3B in debt
4. Coinbase remains unprofitable as transaction revenue falls

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).

All times are ET.

1. Apple revenue -1% to $81.8B, but cost of sales falls, leading net income +2% to $19.8B

Apple financial statements.

Apple revenue -1% to $81.8B, but cost of sales falls, leading net income +2% to $19.8B

0. Data and calendar

1. Apple revenue -1% to $81.8B, but cost of sales falls, leading net income +2% to $19.8B

Keep reading

Alibaba’s Qwen3.8 Max 2.4T AI model debuts in preview, trails only Anthropic’s Fable 5

Kimi K3 debuts as world’s largest open AI model from China, closing in on U.S. rivals

Thinking Machines debuts Inkling, top U.S. open-weight AI model

OpenAI’s first device said to be movable, screen-free AI companion speaker

Apple revenue -1% to $81.8B, but cost of sales falls, leading net income +2% to $19.8B

0. Data and calendar

1. Apple revenue -1% to $81.8B, but cost of sales falls, leading net income +2% to $19.8B

Subscribe to keep reading

Keep reading

Alibaba’s Qwen3.8 Max 2.4T AI model debuts in preview, trails only Anthropic’s Fable 5

Kimi K3 debuts as world’s largest open AI model from China, closing in on U.S. rivals

Thinking Machines debuts Inkling, top U.S. open-weight AI model

OpenAI’s first device said to be movable, screen-free AI companion speaker