Apple, Amazon Results Are Crucial for Nasdaq 100’s Next Leg
- Investors are watching for AI iPhone comments, AWS growth
- Nvidia is next tech megacap to report at end of August
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Earnings from Apple Inc. and Amazon.com Inc. will be critical to give direction to the Nasdaq 100 after a volatile period marked by some of the benchmark’s worst — and best — days this year.
The pair are the last megacaps to release results until Nvidia Corp. at the end of August, and will set the tone for tech investors for the coming month. The reports, due after the close, will be scrutinized for how artificial intelligence is driving growth for Amazon’s cloud-computing unit and how the new technology is expected to boost demand for the next iPhone. They’ll also give investors some insight into the health of consumer spending.