"Apple's fiscal Q2 revenue of $111.184 billion grew 17% year over year, with EPS of $2.01 beating the $1.94 estimate. The board authorized a fresh $100 billion buyback alongside a 4% dividend bump."
"SanDisk reported Q3 revenue of about $6 billion, a 251% year-over-year increase, with EPS of $23.41 versus the expected $14.66. CEO David Goeckeler described it as 'a fundamental inflection point' for AI memory demand."
"Meta Platforms closed down 9% after raising its 2026 capex guidance to $125 billion to $145 billion, while shares of the Windows maker slid 4% due to similar AI-spend concerns."
The Nasdaq Composite closed April with a 15% gain, its largest since April 2020. Apple reported fiscal Q2 revenue of $111.184 billion, exceeding estimates, and announced a $100 billion buyback. SanDisk's revenue surged 251% year over year, driven by AI memory demand. Despite these gains, Meta Platforms faced a 9% drop due to increased capex guidance. The index is currently in record territory, with early morning trading showing a 0.73% increase.
Read at 24/7 Wall St.
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