Apple CEO Transition, Record Profits, Dell Earnings Lead Markets

John Ternus becomes Apple CEO, succeeding Tim Cook after 15 years Ternus, a 25-year Apple veteran, takes charge of a $4.7 trillion company amid intensifying AI competition and soaring memory costs. Cook's 15-year tenure saw Apple's value grow to roughly $4.6 trillion. 12

Dell revenue jumps 58% to record $47B; EPS up 273% Dell reported record revenue of $47.0 billion, up 58% year over year, with non-GAAP EPS of $7.04, up 203%. The company raised full-year guidance to $192 billion in revenue and $25.50 non-GAAP EPS. 3

Q2 corporate profits hit post-war record 17.9% of national income Pre-tax profits reached $4.8 trillion, or 17.9% of national income, the highest share since records began in 1947. S&P 500 second-quarter EPS rose 50% year over year, according to Evercore ISI, while labor's share of income fell to 60.2%, lowest since 1951. 4

CrowdStrike launches SafeMind AI security models built with Nvidia SafeMind includes Red Tempest, an offensive model, and Blue Solano, a defensive model, built on Nvidia's Nemotron family and trained on CrowdStrike's telemetry. CoreWeave provided cloud capacity, and CrowdStrike also extended Falcon to Google Cloud. 5

Medtronic shares jump on earnings beat and raised guidance The medical device maker's stock rose after it delivered an earnings beat and lifted its outlook, adding to a strong corporate earnings season. 6

Nio Q2 net loss narrows 89.4% as revenue rises 69% The Chinese EV maker's net loss narrowed to 528 million yuan on revenue up 69.1% to 32.1 billion yuan, with deliveries of 107,658 vehicles. It posted an adjusted net profit of 26.1 million yuan, versus a 4.1 billion yuan adjusted loss a year earlier. 7