Magnificent Seven Earnings Remain Robust: MSFT, AAPL

The article reviews the latest Magnificent Seven earnings season, highlighting that six of the seven major U.S. megacap tech names have reported and generally delivered strong results. Microsoft and Apple are the focus, with both posting solid quarterly numbers. Apple reported record June-quarter revenue of $109.4 billion, up 16% year over year, and adjusted EPS of $2.02, up 29%, supported by double-digit growth in iPhone, Mac, and Services. Microsoft posted an 18% revenue increase and 23% earnings growth, with Intelligent Cloud revenue rising 32% to $39.3 billion and Copilot adoption exceeding 30 million paid seats. The article suggests investor sentiment remains constructive for large-cap tech and AI infrastructure spending, while noting Nvidia is the only Magnificent Seven member yet to report, due on August 26. Overall, the piece is supportive of MSFT and AAPL and reinforces optimism around AI and cloud demand.