Awaiting gradingWhy did the same rise in memory prices lift Amazon 10.8% and drop Apple 7.7%?Score on Apple's fiscal Q4 2026 and fiscal Q1 2027 gross margin. If margin prints 47-48% in Q4 and climbs again the following quarter, it was a passing cost, and if it stays there or falls further, memory prices changed the profit structure of finished goods.
MissApple's stock rose just 1%. Why did it just become the world's most valuable company?Apple briefly took the market-cap lead on 7/27 (~$4.95T), but its 7/30 earnings brought weak Q4 guidance on supply constraints and rising memory costs; the stock plunged 7.35% on 7/31 (closing $308.91, market cap $4.54T) and Nvidia reclaimed the crown ($4.86T) after just four days. FY2026 capex guidance came in around $13-14B, only a modest rise from FY2025's $12.7B rather than a clear rebound.