Amazon surged more than 9% after hours following better-than-expected revenue and cloud growth for the second quarter, with its cloud segment expanding 37% year over year, the unit’s fastest growth in 18 quarters. Apple fell more than 4% despite beating revenue expectations in the fiscal third quarter, driven by a 22% increase in iPhone sales. Coinbase slid more than 5% after posting its third straight quarterly loss, with a deficit of $359.5 million ($1.36 per share) larger than anticipated. Rivian rose nearly 2% after reducing its 2026 spending plans and slightly narrowing its forecasted losses for the year. Reddit dropped more than 7% as investors voiced concerns over volatile Google search-referral traffic, despite beating second-quarter earnings estimates.
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