Apple Slides on Chip Shortage, Amazon Soars on Cloud Blowout
Market update for Friday July 31, 2026
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In today’s episode, Zaid covers:
The Situational Awareness AI hedge fund blowup that may have marked the bottom for the AI trade
Why Apple's record quarter wasn't enough to keep the stock from sliding
Amazon’s booming cloud business and its massive $220 billion AI spending plan
Peacock joining YouTube Premium as streaming slowly rebuilds the cable bundle
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.