Shares of Apple and Amazon.com declined in after-hours trading on Thursday, despite a surge in U.S. technology-related stocks during the regular session. The Nasdaq gained 1.5% following stronger-than-expected results from Microsoft and Meta Platforms.
Apple’s stock was down 4% after the bell, with CEO Tim Cook citing estimated tariffs that could add $900 million in costs for the quarter ending in June. The company also announced changes to its supply chain to minimize the impact of U.S. President Donald Trump’s trade war.
Amazon.com shares fell 2.5% after the company reported first-quarter cloud revenue growth and forecast operating income below estimates. During the regular session, Amazon’s stock had risen 3.1%, while Apple’s stock was up 0.4%.
The results from Microsoft and Meta Platforms helped alleviate concerns that massive spending on AI had not yielded returns. Microsoft’s shares ended 7.6% higher after the company reported that AI’s contribution to Azure growth increased to 16 percentage points in its fiscal third quarter. Meta Platforms’ shares rose 4.2% after its report indicated that AI-powered tools had attracted advertising dollars despite economic uncertainty.
Other tech stocks also performed well, with Nvidia rising 2.5% and Broadcom gaining 2.5%. The top U.S. technology and growth stocks, known as the ‘Magnificent Seven’, had struggled earlier in 2025 due to concerns about the economic impact of Trump’s tariffs. However, the group rebounded after Trump paused some of his tariffs on April 9.
