Apple overcomes Trump's trade war, slow start in AI to deliver surprisingly strong quarter

Apple shook off a thicket of tariffs and a botched entry into artificial intelligence to accelerate its revenue growth during its springtime quarter, but the trendsetting tech company still faces a bumpy road ahead that could lead to higher iPhone prices. Despite the doubts, Apple remains a moneymaking machine. All those numbers were well above the analyst projections that steer investors, helping to boost Apple’s recently slumping stock price by 2% in extended trading.

Reddit forecasts strong revenue on AI-driven ad strength, shares surge

Reddit forecast third-quarter revenue above Wall Street estimates on Thursday, betting on growing digital advertising driven by its artificial intelligence-powered marketing tools and sending its shares up 9% in extended trading. The forecast follows bigger rival Meta’s upbeat second-quarter results and strong revenue outlook on Wednesday, lifted by the Facebook and Instagram parent’s core ad business. Advertisers are increasingly turning to platforms such as Reddit, Meta, and TikTok, which offer advanced AI-powered tools for automated ad creation, precise audience targeting and access to fast-growing user bases.