Apple stock declines despite record revenue, Amazon doubles down on AI spending
Slatestone Wealth chief market strategist Kenny Polcari analyzes Apple, Tim Cook’s final earnings report and Amazon’s $250 billion AI investment on ‘Varney & Co.’
Slate Stone Wealth chief market strategist Kenny Polcari joins Ashley Webster to break down the latest tech giant earnings. Polcari analyzes Apple’s stock decline after its pre-market outlook disappointed investors despite record quarterly revenue, while praising Amazon’s massive cloud revenue surge and its strategic capital expenditure increase to $220 billion.