Magnificent 7 Weekly Briefing
Apple and Microsoft hit major financial milestones, while supply chain constraints and a historic leadership transition at Apple shaped the week.
- Apple delivered record quarterly revenue of $109.4 billion but saw its stock decline after warning that significant component shortages and rising memory costs would weigh on future performance. 123456
- Microsoft achieved the largest single-day market value increase in history, adding roughly $450 billion after Azure annual revenue surpassed $100 billion and Copilot reached 30 million paid seats. 78910111213
- Amazon reported strong second-quarter net sales of $200.6 billion, driven by 37% growth in its AWS cloud division and significant increases in advertising revenue. 1415
- Tesla faced internal and external pressure as it considered spinning off its China business for a SpaceX merger while dealing with a supplier dispute that threatened Cybertruck production. 1617181920
- Meta and Google expanded their physical infrastructure and AI capabilities, with Meta committing $14 billion to a massive new data center and Google launching its Gemini Robotics ER 2 system. 21222324
- The industry underwent a major leadership transition as Tim Cook prepared to step down as Apple CEO, handing the reins to John Ternus following a decade of significant growth. 2526272829
- Other notable developments include Nvidia partnering with Safe Superintelligence Inc. for compute access and reports that total AI spending by the tech giants has surpassed $1 trillion since 2023. 3031
Sources
- Apple warns chip shortages could disrupt iPhone and Mac supplies despite record quarterly earnings
- Apple disappoints with forecast dogged by supply chain struggles
- Apple shares fall 6% after supply chain worries impact September quarter guidance
- Apple beats quarterly estimates, but softer outlook and supply constraints temper optimism
- Apple reports record third quarter revenue and EPS
- Apple's Strong Results, Weak Outlook on Component Shortages
- Microsoft's stock closed up 15.5% on Thursday, adding ~$450B to its market capitalization, the largest single-day market value increase in stock market history
- Microsoft s stock has biggest one-day gain since 2008, adding $480 billion in market value as cloud business booms | Fortune
- Microsoft Posts Biggest One-Day Market-Cap Gain for Any U.S. Company
- Microsoft Stock Surges 14.8% as Azure Growth Beats Forecasts
- Microsoft Sets Record With Near $450 Billion Single-Day Gain in Market Value
- Azure surpasses $100 billion in annual revenue
- Microsoft reports Q4 FY2026 earnings with revenue up 18%
- Amazon reports Q2 Ads revenue up 26% year over year
- Amazon announced second quarter financial results
- Tesla may split off China unit that builds half its cars for SpaceX merger
- Exclusive | Tesla Weighs Sale of China Business to Pave Way for Potential SpaceX Merger
- Tesla Might Not Be Able To Build Cybertrucks Anymore
- Supplier Holds Tesla Hostage: "Give Us $250K a Week or the Cybertruck Dies"
- Tesla says Cybertruck production threatened by supplier holding parts ‘for ransom’
- Google launches Gemini Robotics ER 2
- Gemini Robotics 2 Brings Google's AI Into the Physical World
- Meta commits $115M to train electricians for AI infrastructure
- Meta announces a strategic venture with BlackRock for a data center
- Apple got a $2.2 billion tariff refund this quarter
- Apple’s sales surge, but supply worries send shares lower in Tim Cook’s final earnings report as CEO
- Apple earnings: Tim Cook is heading out on top as stock surges to lead the Mag 7 in 2026
- Tim Cook & John Ternus Talk CEO Transition, Apple TV’s Legacy & Future At ‘Ted Lasso’ S4 Premiere
- John Ternus must reignite Apple innovation
- Big Tech AI spending spree tops $1tn
- Nvidia partners with Safe Superintelligence Inc. for compute access