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How Apple’s Record Earnings Lifted Tech Amid Meta and Nvidia’s Slide — Market Wrap May 1
Today's AI insights from 7horns.ai highlight a cautious market open with Apple leading gains, climbing 3.19% pre-market following record March-quarter earnings. Apple's revenue surged 17% year-over-year to $111.2 billion, driven by a 22% jump in iPhone sales and an all-time high $31 billion in services revenue. Despite this, the broader tech sector showed mixed signals: Google soared nearly 10%, while Meta dropped 8.55% after raising capital expenditure guidance, and Nvidia slid 4.63%. Asian markets were mixed overnight, with Japan’s Nikkei up 0.6% and Hang Seng down 1.28%, while gold futures…
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