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May 1, 2026, 11:50 AM
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Top News

Apple:
Apple reports Q2 revenue up 17% YoY to $111.18B, vs. $109.66B est., net income up 19% YoY to $29.58B, and China revenue up 28% YoY to $20.5B, vs. $18.9B est.  —  March quarter records for total company revenue, iPhone revenue, and EPS  —  Services revenue reaches new all-time high
Juli Clover / MacRumors:
Tim Cook says that the Mac Studio and the Mac mini, which many are buying for AI and agentic tools, “may take several months to reach supply demand balance”  —  During today's earnings call for the second fiscal quarter of 2026, Apple CEO Tim Cook said that the Mac mini and Mac Studio …
Mark Gurman / Bloomberg:
Apple forecasts Q3 revenue above estimates, with sales expected to rise between 14% and 17%, and says memory expenses will climb “significantly higher” in Q3  —  Apple Inc. delivered a surprisingly strong revenue forecast for the third quarter, even as it warned that memory-chip costs …
Michael Acton / Financial Times:
Apple CFO Kevan Parekh says that “the iPhone 17 family is now the most popular lineup in our history” and “we believe we gained market share during the quarter”  —  John Ternus pledges to continue ‘deliberateness and discipline’ in first comments since being named next CEO
Reuters:
Tim Cook says iPhone sales, which slightly missed Q2 estimates, were held back by supply constraints for advanced chips, as “demand was off the charts”  —  Apple (AAPL.O) on Thursday reported results that beat Wall Street estimates, with customers showing eagerness to buy …
Jennifer Elias / CNBC:
Apple Q2: iPhone up 22% YoY to $56.99B, vs. $57.21B est., Mac up 6% YoY to $8.4B, iPad up 8% YoY to $6.91B, and Wearables, Home, and Accessories up 5% to $7.9B
Dan Goodin / Ars Technica:
Researchers detail CopyFail, a now-patched Linux vulnerability that lets unprivileged users gain admin access, as many distributions have yet to apply the fixes  —  Publicly released exploit code for an effectively unpatched vulnerability that gives root access to virtually all releases …
Katrina Manson / Bloomberg:
The US DOD strikes agreements with Nvidia, Microsoft, Reflection AI, and AWS to use their AI tools on classified military networks “for lawful operational use”  —  The Pentagon has struck agreements with four more technology companies for expanded use of advanced artificial intelligence tools …
Wired:
Musk v. Altman: when asked whether xAI has distilled OpenAI models, Elon Musk says the claim is “partly” true  —  While answering questions under oath, Musk argued it's standard practice for AI labs to use their competitors' models.  —  While testifying on Thursday in federal court …
New York Times:
Musk v. Altman: the judge told Musk's lawyer she did not want talk of AI's existential threat to seep into the trial, and to focus instead on facts about OpenAI
Dan Mangan / CNBC:
The US Senate unanimously passed a rule barring senators from trading on prediction markets like Kalshi and Polymarket, amid rising concern over insider trading  —  The U.S. Senate on Thursday unanimously passed a rule barring senators from trading on prediction markets effective immediately.
Mike Stone / Reuters:
The US Navy awards Domino Data Lab a contract worth up to $100M for AI software that teaches underwater drones to identify new mines in the Strait of Hormuz  —  The U.S. Navy is ramping up its AI capabilities to hunt for Iranian mines in the Strait of Hormuz, one of the world's most critical shipping lanes …
Natasha Mascarenhas / Bloomberg:
Sources: Peter Thiel's Founders Fund raised $6B for a fund to invest in later-stage companies, marking its largest haul ever; $4.5B comes from limited partners  —  Peter Thiel's Founders Fund has raised $6 billion for a new fund to invest in later-stage companies, according to people familiar …
Britney Nguyen / MarketWatch:
Sandisk reports Q3 revenue up 251% YoY to $5.95B, vs. $4.72B est., $3.62B net income, $820M in consumer revenue, below est., and forecasts Q4 revenue above est.  —  The company says it's transitioning to a business model of ‘multiyear customer engagements’  —  Referenced Symbols
Business Insider:
Sources: Meta HR chief Janelle Gale told employees she can't rule out further layoffs while Zuckerberg said AI automation is not the driving factor behind them  —  - Meta previously announced it will cut 10% of its staff next month.  — Meta's HR chief told staff in a meeting that she can't promise further layoffs won't happen.

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From Mediagazer

Wall Street Journal:
Sources: the DOJ closed an investigation of Paramount's bid for WBD before career staffers who were concerned about the acquisition had an opportunity to object

Max Tani / Semafor:
The NYT says it is reviewing columnist Nick Kristof's work that favorably mentioned former donors to his 2022 Oregon governor bid, including Bill Gates

Axios:
Sources: WH officials believe NYT's Maggie Haberman and Jonathan Swan obtained audio recordings of Situation Room meetings for their upcoming book Regime Change

More News

Jasmine Sun / New York Times:
The persistent idea that AI disruption could create a permanent underclass signals how much collateral damage AI companies will tolerate in their pursuit of AGI
Annie Palmer / CNBC:
Alphabet's stock climbed 10% on Thursday and 34% in April, its best month since 2004; Meta's stock plunged 8.5% on Thursday, its steepest drop since October
Todd Spangler / Variety:
Roku reports Q1 revenue up 22% YoY to $1.25B, ad revenue up 27% YoY to $613M, subscription revenue up 30% YoY to $519M, and raises its 2026 profit guidance

Earlier Picks

Thomas Barrabi / New York Post:
Court filing: Meta says it might be forced to withdraw its apps from New Mexico if a state judge orders it to adopt the state's proposed safety features
Jess Weatherbed / The Verge:
Google is rolling out Gemini to cars that have Google built in, replacing Google Assistant, starting with English in the US
Bloomberg:
Meta sells $25B of investment-grade bonds, after investors placed $96B in orders for its securities; Meta sold $30B of corporate bonds in October 2025
Marcus Schuler / Implicator.ai:
Anthropic's Claude Security, formerly Claude Code Security, is in public beta for Enterprise users; the Opus 4.7-powered tool can scan code for vulnerabilities
Jay Peters / The Verge:
Netflix rolls out a vertical video feed in its own Clips tab in Australia, Canada, India, Malaysia, Pakistan, the Philippines, South Africa, the UK, and the US
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