Apple and Palantir Reported Results Ahead of U.S. Midterms, Jobs Data
Photo: TokenPost
Apple and Palantir reported results after the U.S. market closed Nov. 2 as investors weighed AI spending, falling oil prices and Tuesday’s midterm elections ahead of Friday’s jobs report. Apple’s release covered its third quarter. Recent results from Meta, Tesla, Amazon and Alphabet raised investor concerns about spending and whether it will produce returns. Apple has estimated capital spending of $11 billion to $14 billion this year, while AI hyperscalers are spending more than $100 billion on data centers. Investors were weighing capital spending against earnings, financing needs, pressure on existing businesses and evidence of returns.
Source: TokenPost
