In the quarter ending in March, Apple and Amazon reported on the online and bottom line numbers that beat analysts to expect, and joined their "magnificent Seven" peer letters, on the podium on Microsoft and meta platforms. (The complete self-driving that Tesla has long promoted is still helping electric vehicle companies cross the line.)

That said, both Apple and Amazon’s financial results have some weaknesses under the hood. Apple's service department includes products such as advertising, iCloud and Apple TV+, and is not estimated. This is important because it is Apple's second highest-income generator, only lagging behind the iPhone division. As for Amazon, its cloud division – the world’s largest cloud provider – failed to meet revenue expectations for the third time in a row, indicating a slowdown in growth.

The CEOs of both companies also mark the challenges predicting tariffs will affect not only the current quarter, but also the year ahead. Despite the exciting excitement from investors about Microsoft and the Dime – Big Tech’s path remains, as the rally in these companies’ stocks showed on Thursday.

Note: CNBC Daily Open will be on holiday in Singapore on Monday, May 5. The newsletter will return on Tuesday, May 6.

Apple's service revenue missed expectations
apple Revenue in the second quarter beat Wall Street expectations Thursday, according to reports. But the company's closely watched service divisions have no estimates, and CEO Tim Cook said it predicted the impact of tariffs beyond June to be "very difficult". Additionally, Apple said it would find in court that the company intentionally violated the 2021 injunction issued by the Epic Games trial.

Amazon's cloud growth rate
Amazon Reported results for the first quarter than expected. But Amazon Web Services' revenue is slower than expected, which is the third consecutive revenue mistake. The company issued lighting guidance and pointed out that “tariff and trade policy” and “recession fear” could lead to changes in its forecasts. CEO Andy Jassy said he was "optimistic" and the company could stand out from the uncertainty.

Large tech stocks boost U.S. index
U.S. stocks rose on Thursday to jump higher Meta Platform and Microsoft The company reports Rosy's earnings after the stock. this S&P 500 Obtained 0.63%, Dow Jones Industrial Average Increased by 0.21%, heavy technology Nasdaq Composite Materials Climbing 1.52%. UK FTSE 100 Rose A Ressional 0.02% extended its winning streak to 13 conferences, the best game since 2017. Most other European markets are closed during the holidays on May 1.

Requires "Tariff Exclusion Process"
The U.S. Chamber of Commerce urges U.S. President Donald Trump's administration to implement a "tax exclusion process" immediately to prevent a recession. The group requires that the process apply to all small business importers, as well as all products that “cannot be produced in the United States,” White House vice president Stephen Miller advised the Trump administration not to consider the request and said tax cuts would support small businesses.

"Concentrate on Innovation": Nvidia for Humanity
On Wednesday, Amazon-backed anthropomorphism said in a blog post that China's smuggling strategy involved chips hidden in "prosthetic baby bumps" and "packing with live lobsters." one Nvidia A spokesperson responded to Thursday’s anthropomorphism, saying: “U.S. companies should focus on innovation and challenges, rather than telling stories of tall people.” U.S. chip export restrictions will take effect on May 15.

(Pro) Is the big technology back?
A pair of strong revenue reports from Microsoft and Meta seem to re-energize the AI ​​trade, which can at least temporarily push people to worry about investor tariffs. However, some market observers believe that Microsoft's breakthrough rally is unique.

NVIDIA CEO Jensen Huang receives first pay rise in ten years

NVIDIA CEO Jensen Huang has made hundreds of billions of dollars in recent years for his stake in chipmakers, but he has earned his first salary in a decade.

Huang's base salary rose to $1.5 million, a 49% increase from 2024, according to agency filings filed with the Securities and Exchange Commission (SEC) on Thursday. His realizable cash also increased by $1 million or 50% from the fiscal year 2024. Stock rewards grew to $38.8 million, with a total salary reaching $49.9 million.

The document said the Compensation Commission “considered that it was appropriate given that the basic salary of other executives was appropriate.