Amazon just went full rocket ship and Apple got absolutely torched — let's get into it.

Amazon just went full rocket ship and Apple got absolutely torched — let's get into it.

Today is Sunday, August 2nd. Markets are closed. This is your setup.

Futures are green. SPY up 0.72, QQQ up 0.65. VIX sitting at 15.99 — calm. Gold pulling back 1.24%, risk-on tone confirmed. Asian markets data unavailable tonight.

ETFs: SPY plus 0.72. QQQ plus 0.65. DIA plus 0.54. IWM down 0.48 — small caps are the odd one out.

No economic data scheduled. Clean tape.

Now the stocks.

Amazon up 15.32% to 271.58. That is not a typo. Earnings blew the doors off — AWS and ad revenue both beat hard. One of the bigger single-session moves this name has seen in years.

Apple down 7.35% to 308.91. Revenue missed, China sales deteriorating, and guidance disappointed. Biggest drag on the tape by a wide margin.

Google up 6.73% to 356.13. Search held strong, cloud accelerated — clean beat across the board.

Meta up 3.28% to 556.71. Ad revenue resilient, AI investment narrative still working in its favor.

Microsoft up 3.02% to 464.72. Azure growth re-accelerated — that was the number traders needed to see.

Nvidia up 2.93% to 200.75. No earnings catalyst — it's just riding the AI infrastructure wave.

Netflix down 2% to 71.71. No blowup, just profit-taking after a strong run.

AMD down 1.9% to 476.15. Caught in Apple's shadow — when the biggest name in hardware stumbles, semis feel it.

CRM up 1.83% to 184.02. Salesforce grinding higher — enterprise software quietly having a good week.

Oracle up 1.81% to 129.87. Cloud momentum continuing — another name benefiting from the AI infrastructure buildout.

UnitedHealth down 1.68% to 414.40. Healthcare under pressure — one more drag on the broader tape outside of tech.

Mega-cap tech ex-Apple had a strong session. The AI spend story is intact. Apple is the one crack in the foundation worth watching.

Earnings on the radar: ADUS before the bell, consensus at 1.73. AEIS and ADEA after the close. ADTN also reporting after — EPS estimate under a dime, low bar to clear.

Numbers don't lie. People do. Trade accordingly.