On Thursday stateside, the Cupertino-based company reported a 16% year-on-year jump in its fiscal first-quarter revenue on “staggering” iPhone demand, topping market estimates. But investors drove Meta Platform shares more than 10% higher, after the company showed signs that its AI investments were boosting its bottom line. Its stock slumped 10%, wiping out $357 billion in market cap in its worst day since March 2020. Meanwhile, oil prices jumped more than 3% as U.S. President Donald Trump weighs strikes on Iran, according to a Reuters report. The AI startup’s CEO Sam Altman and Amazon CEO Andy Jassy have been having direct discussions, CNBC confirmed on Thursday.