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Apple crushed Q3 estimates but a soft Q4 guide sent shares down 7.35%. Morgan Stanley cut its target to $360 while TD Cowen raised to $400 — here's the bull-bear breakdown.
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The US and Iran both paused attacks over the weekend after 13 straight nights of strikes, offering a brief de-escalation in the Middle East. Brent crude has blown past $100 a barrel, forcing investors to recalibrate risk just as Apple (AAPL) gears up to report earnings.
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Apple’s trade secret lawsuit against OpenAI names a former executive and could delay the AI giant’s hardware launch and IPO timeline. The market is watching closely.
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The FDA reversed course on a cyclospora finding in Taylor Farms lettuce, calling it a false positive. Meanwhile, HSBC upgraded Apple, citing the company's "anti-capex" AI advantage, as Apple also filed a trade-secret lawsuit against OpenAI.
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Apple (AAPL) reclaimed the title of the world’s most valuable company on Friday, July 17, with a market cap of roughly $4.88 trillion, overtaking Nvidia. The move was driven by a reassessment of Apple’s low-CapEx AI strategy and a major regulatory win in China.
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Apple shares surged to an all-time high after reports that the company received approval to launch generative AI features in China. The rally was fueled by cooling inflation data and a strong bank earnings season.
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Apple (AAPL) filed a federal lawsuit on July 10 accusing OpenAI of systematically stealing trade secrets to build rival consumer hardware. The complaint details a former engineer who accessed internal systems after leaving and messaged “LOL, I found I can access [network storage].”
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Tim Cook’s final act as Apple CEO is the company’s biggest-ever U.S. manufacturing pact: a $30B+ multiyear chip deal with Broadcom. Apple stock hit a one-month high, making it the only Magnificent Seven name near its all-time peak.
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Apple inked a $30 billion-plus chip supply deal with Broadcom, locking in production of at least 15 billion RF chips at Broadcom’s Colorado plant through 2031. Broadcom shares edged down 0.28% to $399.97 on Friday.
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Apple commits to its largest-ever U.S. manufacturing pledge with a $30 billion-plus deal for custom wireless chips from Broadcom. Shares edged lower as the market shrugged off the news.
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Broadcom and Apple extended their chip partnership through 2031, with a new focus on edge AI. Shares surged nearly 4% in Monday trading and continued climbing Tuesday.
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Samsung’s blowout earnings weren’t enough to satisfy the market, sparking a broad tech sell-off that rippled through global chip stocks. Apple shares held at $312.66 as U.S. markets were closed for the holiday.