The Wall Street Journal22h agobullish
U.S. Urges Apple Not to Buy Chinese Memory ChipsCommerce Secretary Howard Lutnick urged the iPhone maker to find other solutions to the artificial-intelligence-driven chip supply crunch.
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Bloomberg3d agobullish
Nvidia Partner Hon Hai’s Profit Beats on Sustained AI Spending(Bloomberg) -- Hon Hai Precision Industry Co. reported a better-than-expected increase in quarterly profit, signaling robust global demand for AI hardware.Most Read from BloombergFive Takeaways From Zuckerberg’s 6,500-Word Manifesto on AIPhoebe Gates Knew Phia Shopping App Took Credit for Sales It Didn’t DrivePakistan Says Deal Is Close Even as Iran, US Harden StancesApple’s Glass-Centric 20th-Anniversary iPhone Remains on Track for 2027Air India Pilot Tests Positive for Drugs After Mid-Air Drop
Reuters3d agobullish
Taiwan's Foxconn reports 35% rise in Q2 profit on AI demand, beats forecastsTaiwan's Foxconn, the world's largest contract electronics maker, reported on Wednesday a 35% rise in second-quarter profit, beating analyst forecasts, on continued strong demand for AI, which it predicted would drive growth this year. Net profit for the April to June period for Nvidia's biggest server maker and Apple's top iPhone assembler was T$59.97 billion ($1.86 billion), versus an LSEG consensus estimate of T$58.8 billion and compared with T$44.4 billion a year earlier. Foxconn, formally called Hon Hai Precision Industry, in July reported a 40% year-on-year jump in second-quarter revenue.
24/7 Wall St.4d agobullish
The Market Now Says a Rate HIKE Is Coming. There’s a Dividend Fund Literally Built for ThisPolymarket now prices real odds of a September rate hike, and that puts millions of investors holding the most popular dividend ETF in a position their fund was never designed to handle. Fidelity quietly built something for exactly this moment.
Barrons.com5d agobullish
Inflation Data Will Be the Real Test for This AI Stock RallyBerkshire’s stock buybacks climb, Apple may turn to China, why Coca-Cola is clobbering Pepsi, and more news to start your day.
Bloomberg11d agobullish
Eli Lilly Ripe for Stock Split After Obesity Drug-Fueled Rally(Bloomberg) -- Wall Street’s appetite for weight-loss drug stocks over the past four years has powered Eli Lilly & Co. to consistently trade above $1,000 per share. Now, some see the pharma giant’s stock as primed for a split.Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevApple’s New CEO Taps Retired Hardware Executive for Management TeamTaco Bell Met With Michigan on Parasite Weeks Before RecallMamdani Dismisses Business Leaders Advising NYC’s Mayor’s FundS&P 5
Motley Fool11d agobullish
Apple Just Reported Earnings. With Tim Cook's Era Ending, Is the Stock a Buy for the Next Decade?Tim Cook left on a high note, but John Ternus might be facing challenges.
24/7 Wall St.12d agobullish
Suze Orman: SpaceX IPO Buyers Are Down 44% in 7 Weeks and the Lesson Has Nothing to Do With Elon MuskSuze Orman walked through a real SpaceX IPO trade that turned $10,000 into roughly $5,600 in seven weeks, and her lesson has nothing to do with rockets or Elon Musk.
The Wall Street Journal12d agobullish
Amazon Gets Upgraded to the $3 Trillion ClubAmazon shares jumped 5% this morning, propelling the company to a $3.08 trillion market valuation. The gain comes on the heels of a 15% jump on Friday, when Amazon stock had its best day in years after investors liked what they saw in its latest report card.
Reuters14d agobullish
South Korea July exports beat forecasts on robust demand for AI investmentsSEOUL, Aug 1 (Reuters) - South Korea's exports grew more strongly than expected in July on global chip and computer demand for AI investments.
Stocktwits15d agobullish
AAPL Stock Slides Nearly 10% — Apple’s Earnings Divide Wall Street, But Retail Sees A Buying OpportunityWall Street offered mixed views on Apple’s outlook after earnings, while Stocktwits retail traders largely shrugged off the selloff and stayed bullish.
Investor's Business Daily15d agobullish
Stock Market Rises Amid Apple, Amazon, Meta, Microsoft Earnings, Soaring Yields: Weekly ReviewThe major indexes fell and AI stocks dived through midweek, partly on soaring oil and yields, but Microsoft and Amazon provided support.
24/7 Wall St.15d agobullish
Apple Sinks 8%, Amazon Soars 12% as Traders Pick Tech Earnings Winners and LosersThursday night earnings split two of the biggest names in tech in completely opposite directions, and the reason behind the gap reveals exactly where the AI infrastructure boom is creating winners and where it is quietly crushing margins.
Investor's Business Daily15d agobullish
Stock Market Today: Dow Rises But Apple Dives On Weak Forecast; Amazon Stock Surges On Earnings (Live Coverage)Stock Market Today: The Dow Jones index rises Friday even as Apple dives on a weak sales forecast. Amazon stock surges on earnings.
Benzinga15d agobullish
Amazon Stock Pops 9.5% After-Hours as AWS Fuels Earnings Beat: Jim Cramer Calls it 'Astonishing'Amazon.com, Inc. (NASDAQ:AMZN) shares jumped Thursday after the company delivered stronger-than-expected second-quarter earnings, with investors and analysts praising accelerating Amazon Web Services profitability as evidence that returns on artificial intelligence investments are beginning to materialize. Cramer Calls Amazon ‘Astonishing’ After AWS Delivers CNBC host Jim Cramer called the results “astonishing,” in a post on X, though he said Microsoft Corp. (NASDAQ:MSFT) remains the standout am
Bloomberg17d agobullish
Senators Warn Apple Not to Buy Memory Chips From Chinese Firms(Bloomberg) -- A bipartisan group of US senators urged Apple Inc. to abandon any efforts to buy chips from blacklisted Chinese semiconductor suppliers CXMT Corp. and Yangtze Memory Technologies Co., warning that the iPhone maker risked becoming reliant on a US adversary for crucial components.Most Read from BloombergStocks Fall as 30-Year Bond Yields Surge After Fed: Markets WrapWarner Bros. Deal Collapse Would Cost the Ellisons $9.8 BillionTrump Says US Will Strike Iran Hard as War Escalates Ag
Investopedia17d agobullish
Tech Earnings Today: Microsoft Beats Expectations, While Meta’s Profits DisappointAmazon, Apple set to follow tomorrow with their own quarterly numbers; Nvidia’s due next month
Motley Fool17d agobullish
Tim Cook Will Host His Last Earnings Call as Apple CEO on July 30. Is the Stock a Buy Now?The Tim Cook era was a highly profitable one for Apple shareholders.
Reuters17d agobullish
June shipments of foreign branded phones in China jumped 66.3%, CAICT data showsBEIJING, July 29 (Reuters) - Shipments of foreign-branded phones within China including those from Apple Inc soared 66.3% to 3.28 million handsets in June, according to Reuters calculations based on
BeInCrypto17d agobullish
Apple Hits $5 Trillion Market Cap: Will Earnings Extend the Rally?Apple's market cap briefly hit $5 trillion before Thursday's earnings, testing Tim Cook's final report as CEO.
TechCrunch18d agobullish
Apple launches ‘Upgrade’ device leasing program in partnership with KlarnaLeasing prices start at $17.99 per month for iPhone, $11.99 for Apple Watch, $24.99 for Mac, and $11.99 for iPad.