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One quiet Apple update could matter more than it looks
TheStreet5d agoneutral
One quiet Apple update could matter more than it looks

For much of the last two years, Apple (AAPL) has been attempting to convince investors that artificial intelligence will be the next big motivation for people to update their gadgets. But one of its most recent efforts in AI is not aimed against Silicon Valley or even the U.S. It’s happening in ...

Microsoft to Boost AI Chip Production, Information Says
Bloomberg5d agoneutralVIDEO
Microsoft to Boost AI Chip Production, Information Says

Microsoft is planning to "significantly" increase production of its next-generation AI chips, the Information reported. Bloomberg's Anurag Rana joins Bloomberg Intelligence to discuss this as well as how Apple is considering an overhaul to its smartwatch lineup in light of the industry's transition to screen-free devices and other new form factors.

Canaccord Genuity Group Q1 Earnings Call Highlights
MarketBeat6d agoneutral
Canaccord Genuity Group Q1 Earnings Call Highlights

Canaccord Genuity Group (TSE:CF) reported stronger fiscal 2027 first-quarter results as growth in wealth management and capital markets lifted revenue and profitability, supported by favorable equity markets, higher client activity and expense discipline. Firm-wide revenue rose 29% from a year earl

Apple tests China's CXMT memory chips for iPhones and MacBooks, WSJ reports
Reuters6d agoneutral
Apple tests China's CXMT memory chips for iPhones and MacBooks, WSJ reports

Apple has been testing memory chips from China's ‌CXMT across product lines including ‌iPhones and MacBooks, to mitigate a component shortage ​fueled by the AI boom, the Wall Street Journal reported on Sunday. Apple held early talks with CXMT, which ‌is China's ⁠largest chipmaker by market value, about supplying components with ⁠the goal of using them in some devices sold in China, the ​report said, ​citing people ​familiar with the ‌matter.

Bank of America revamps Apple stock price target after earnings
TheStreet7d agoneutral
Bank of America revamps Apple stock price target after earnings

ChatGPT went from generating roughly $10 million a month on Apple's App Store in Jan. 2024 to more than $275 million in July 2026. Apple did not build ChatGPT. It does not train it, run it, or market it. But every time someone subscribes, Apple collects a commission. That dynamic is playing out ...

Apple says Mac users in China can connect to Alibaba's Qwen AI service
Reuters7d agoneutral
Apple says Mac users in China can connect to Alibaba's Qwen AI service

Apple has published a guide explaining how eligible Mac users in mainland China can connect Alibaba's Qwen artificial-intelligence service to ‌the U.S. tech giant's Siri digital assistant and Writing Tools feature. The Mac-specific arrangement ‌could help Apple compete in China's AI PC market, where it has been losing market share as domestic ​manufacturers such as Lenovo have promoted locally developed AI features. • Qwen is Chinese ecommerce giant Alibaba's family of generative-AI models, which can create text and images and analyse documents, photos and other material in response to user prompts.

Bloomberg8d agoneutral
Big Tech Stocks Storm Back as AI Fears Fade and Euphoria Resumes

(Bloomberg) -- After spending much of the year in the stock market doghouse over fears about their profligate spending on artificial intelligence, the world’s biggest technology companies are suddenly leading the way once again. Most Read from BloombergOpenAI’s New Device Will Be Hockey Puck-Sized and Cost Over $300Iran Wants to Bar US, Israeli Ships From Hormuz in Peace AccordIran Says Agreement on Hormuz Shipping Reached With OmanTrump Administration Considers Order on Autism and VaccinesIshbi

Bloomberg9d agoneutral
Nigeria Tries to Revive 50 Year-Old Mill That Never Made Steel

(Bloomberg) -- Nigeria agreed a gas deal that moves it closer to reviving a giant steel plant that hasn’t produced any metal since being built half a century ago.Most Read from BloombergIran Says Agreement on Hormuz Shipping Reached With OmanGoogle AI Veterans Depart During Seismic Leadership ShiftMajor Hedge Funds Targeted in Wave of Attempted CyberattacksMicrosoft’s AI Sales Mostly Come From OpenAI, Disclosures ShowSpaceX’s AI Splurge Puts a Damper on First Earnings After IPOThe agreement with

Bloomberg9d agoneutral
OpenAI Asks Judge to Toss Apple Suit Alleging Trade Secret Theft

(Bloomberg) -- OpenAI is asking a federal judge to dismiss a lawsuit filed by Apple Inc. accusing the artificial intelligence company of stealing trade secrets, saying that the iPhone maker’s allegations are meritless.Most Read from BloombergIran Says Agreement on Hormuz Shipping Reached With OmanGoogle AI Veterans Depart During Seismic Leadership ShiftSpaceX’s AI Splurge Puts a Damper on First Earnings After IPOMicrosoft’s AI Sales Mostly Come From OpenAI, Disclosures ShowMajor Hedge Funds Targ

SpaceX’s $1T Goal and 3 More Shockers From Musk on the Earnings Call
Barrons.com10d agoneutral
SpaceX’s $1T Goal and 3 More Shockers From Musk on the Earnings Call

SpaceX and Tesla CEO Elon Musk is famous for his sky-high ambitions, including reaching Mars one day. After SpaceX’s earnings report Tuesday, Musk laid out four more brazen goals for the rocket and artificial-intelligence company, including reaching $1 trillion in revenue in less than five years. SpaceX stock tumbled 8% to $115.29 on Wednesday, while the S&P 500 edged up 0.1%.

AI CapEx fears: Is big tech overspending?
Yahoo Finance Video10d agoneutralVIDEO
AI CapEx fears: Is big tech overspending?

Host Kenny Polcari joins Man Group Chief Market Strategist Kristina Hooper and Legato Financial CIO Ryan Kelly to debate the risks of massive AI CapEx spending and how a hawkish Federal Reserve could impact markets ahead of the midterms.

Bloomberg10d agoneutral
Tech Melt-Up Drives $3.5 Trillion Nasdaq 100 Gain in Four Days

(Bloomberg) -- A dramatic turnaround in technology stocks has powered a $3.5 trillion increase in the Nasdaq 100’s market capitalization in just four days, driven by strong earnings that have emboldened investors about the AI outlook.Most Read from BloombergTrump Says Iran Talks Going Well as Hopes Rise for Hormuz DealTaco Bell Met With Michigan on Parasite Weeks Before RecallBeer Dynasty Families Sell €731 Million Stake in AB InBevChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersS

AI demand pushes Foxconn's monthly revenue to record in July
Reuters10d agoneutral
AI demand pushes Foxconn's monthly revenue to record in July

Monthly revenue at Taiwanese contract electronics manufacturer Foxconn hit a record ‌in July, surpassing T$900 billion ($27.93 billion) for ‌the first time as strong demand for AI products boosted sales, ​the company said on Wednesday. Foxconn, a major supplier to Nvidia and Apple, said revenue last month rose 54.2% from a year earlier to T$946.5 billion. Its cloud ‌and networking products division, ⁠which includes AI servers, saw strong growth, benefiting from "strong pull-in momentum for AI ⁠products", the company said.

Bloomberg10d agoneutral
Nvidia Partner Hon Hai’s Sales Rise 54% on Strong AI Demand

(Bloomberg) -- Hon Hai Precision Industry Co. reported a 54.2% increase in monthly sales, signaling sustained demand in global AI infrastructure buildout by customers such as Nvidia Corp.Most Read from BloombergTrump Says Iran Talks Going Well as Hopes Rise for Hormuz DealTaco Bell Met With Michigan on Parasite Weeks Before RecallBeer Dynasty Families Sell €731 Million Stake in AB InBevChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersSpaceX’s AI Splurge Puts a Damper on Debut Earni

Bloomberg11d agoneutral
Apple Gears Up for September iPhone Launch With Retail Employee Lottery

(Bloomberg) -- With Apple Inc. gearing up for its biggest product launch of the year, the company is opening a lottery for US retail employees who want to help staff the in-person unveiling.Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersTaco Bell Met With Michigan on Parasite Weeks Before RecallQatar, US Signal Progress on Hormuz-Focused Iran DealApple’s New CEO Taps Retired Hardware Executive for Ma

Siri’s Success Could Force Apple to Spend More on AI
The Wall Street Journal11d agoneutral
Siri’s Success Could Force Apple to Spend More on AI

Apple may soon need to make up its mind about spending on AI. It resisted developing its own AI models, relying instead on OpenAI to fuel its AI strategy under a 2024 deal. Earlier this year, it abandoned OpenAI in favor of Google’s Gemini, which is set to power a revamped AI-infused version of its Siri digital assistant.

Bloomberg11d agoneutral
Apple’s India Sales Top $10 Billion on Widening Retail Push

(Bloomberg) -- Apple Inc. exceeded $10 billion in annual sales in India for the first time last fiscal year, underscoring surging demand for its pricey devices in a market where it’s steadily ramping up its retail network.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 500 C

The Toll of Apple’s Losing Streak
The Wall Street Journal12d agoneutral
The Toll of Apple’s Losing Streak

$500 billion That's the approximate amount of market cap lost by Apple since its four-session losing streak started Wednesday. The iPhone maker had just reclaimed its market-cap crown earlier in the week, but it has now slipped back to third among U.

Bloomberg12d agoneutral
Amazon Joins Elite List of Stocks to Top $3 Trillion in Value

(Bloomberg) -- Amazon.com Inc. surpassed $3 trillion in market value for the first time, becoming only the fifth company to ever reach the milestone.Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedAlibaba Adds to China AI Breakthroughs With New Qwen Model Saudi Prince Concerned Over Trump’s Iran Strike Plan: AxiosTrump Says Iran Talks to Begin Monday After Scrapping AttackStocks Join Bonds Higher as US-Iran Hopes Sink Oil: Markets WrapThe e-commerce and cloud-computin