Apple is set to report its fiscal third-quarter earnings, with CEO Tim Cook attending the annual developer conference event at the company's headquarters in Cupertino, California. The quarter, which ends in June, is traditionally the company's slowest by sales. Analysts expect earnings per share of $1.35, revenue of $84.53 billion, and Q4 revenue guidance of $93.39 billion. The estimates also include iPhone revenue of $38.64 billion and Mac revenue of $7.04 billion.

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Amazon is set to report its second-quarter earnings after the close on Thursday, with analysts expecting earnings per share of $1.03 and revenue of $148.56 billion. The company's revenue growth is accelerating, driven by its emerging advertising business and demand for cloud services, with sales growth expected to reach 10.5% in the quarter. Amazon Web Services is expected to generate $26 billion in revenue, while advertising revenue is expected to reach $13 billion.

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Meta shares jumped 6% after reporting second-quarter earnings that beat Wall Street's expectations. Revenue increased 22% to $39.07 billion, exceeding the expected $38.31 billion. Net income soared 73% to $13.47 billion, driven by cost-cutting initiatives. Meta expects revenue of $38.5 billion to $41 billion in the third quarter, topping the average analyst estimate.

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Former President Donald Trump delivered an address at the Bitcoin 2024 conference in Nashville, Tennessee, outlining his strategy for bitcoin if he were to win the 2024 presidential election. The event was held at the Music City Center, where thousands of people waited in line for hours to get through Secret Service's security protocol. Trump's speech was held on the Nakamoto main stage.

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Epic Systems, a health-care software vendor, announced that patients in the U.S. will be able to securely release their health data to chosen apps, giving them more control over their medical information. This technological leap reflects a new standard of data-sharing practices in the health-care sector. Patients can import their records into health coaching apps or medication reminders using their Epic credentials.

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The European Union's AI Act, a landmark rule governing AI development, use, and application, officially enters into force. The law aims to address the negative impacts of AI and primarily targets large U.S. technology companies. The AI Act was given final approval by EU member states, lawmakers, and the European Commission in May.

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Meta's CEO Mark Zuckerberg emphasized the company's advertising growth, citing the impact of artificial intelligence. The company's second-quarter earnings report showed better-than-expected results, with AI contributing to faster growth in the digital advertising market. The improvements include enhanced recommendations and more effective advertising experiences. The company's finance chief, Susan Li, also highlighted the benefits of AI during the earnings call.

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Anne Wojcicki, CEO of 23andMe, has submitted a proposal to take the genetic testing company private, offering to acquire all outstanding shares of common stock in cash for 40 cents per share, an 11% premium to the company's closing stock price from April. The proposal was filed with the U.S. Securities and Exchange Commission. 23andMe is headquartered in Sunnyvale, California.

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Arm Holdings plc, led by CEO Rene Haas, issued light earnings guidance for the current quarter and full fiscal year, causing its shares to fall over 9% in extended trading. The company reported earnings per share of 40 cents adjusted, beating expectations of 34 cents, and revenue of $939 million, exceeding the expected $902.7 million. Revenue grew 39% year-over-year in the quarter, which ended on June 30.

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Meta's Reality Labs unit, which develops augmented and virtual reality technologies, recorded an operating loss of $4.48 billion in the second quarter. This brings the cumulative losses since late 2020 to around $50 billion. The unit is part of Meta's efforts to develop the metaverse, a concept championed by CEO Mark Zuckerberg. The losses are a result of the company's massive investments in hardware and software for the metaverse.

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