Apple, Micron and AI-peak worries
Apple beat but warned that memory costs will pressure margins, shares fell after hours, and commentators question whether the Micron print marked the memory or AI top.
What we know
Apple reported EPS $2.10 on $114.5B revenue but warned of gross margin pressure from memory prices, with shares down 2.8% after hours. xydotdot assigned >60% odds Micron's print was the memory top, and Steve Weiss said the AI trade is on pause.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.