Walter Piecyk, LightShed Partners, joins 'Fast Money' to talk why he thinks Apple needs a shake up in the CEO position.
Apple Inc (NASDAQ:AAPL, ETR:APC) risks falling behind in the fast-moving artificial intelligence race unless it acts quickly, Wedbush analysts said on Wednesday, urging the tech giant to acquire AI search engine Perplexity to bolster its AI platform. Despite boasting the world's largest consumer installed base with 2.4 billion iOS devices and 1.5 billion iPhones, Apple has lagged behind AI leaders such as Nvidia, Microsoft, Alphabet, Amazon, Meta, OpenAI and Oracle, the firm said in a note.
Analysts at LightShed think Apple would benefit from a CEO more focused on the product side of the business — or it risks missing out on the AI boom.
Apple Inc (NASDAQ:AAPL, ETR:APC) is in discussions to acquire the US broadcast rights for Formula 1, potentially replacing ESPN as the current rights holder when its contract expires after the 2025 season, according to a report from The Financial Times on Wednesday. Per the report, which cited sources familiar with the matter, Apple's interest in Formula 1 is part of a broader push to expand its presence in live sports broadcasting.
Although Apple iPhone recovers some ground in China, stiff competition and stretched valuation make the stock a risky bet for investors.
Formula 1 could have a new U.S. streaming service home soon. Apple is in talks to purchase the rights as it looks to further invest in live sports, the Financial Times reports.
Apple Inc. is lagging in AI, but I think the negatives are priced in and see the company moving in the right direction. Technical setup suggests consolidation or a pullback, with strong support at $204. I see this as a compelling re-entry point before sentiment improves. Recent sales growth in China, driven by promotions and new models, signals potential for a broader recovery if momentum is sustained.
Jensen Huang's company is benefiting from the ongoing surge in demand for artificial intelligence technologies.
Apple Chief Operating Officer Jeff Williams announced on July 8 he's retiring after 27 years with the tech company.
Apple is in talks to acquire the U.S. rights to screen Formula 1 when the broadcast contract becomes available next year, Financial Times reported on Wednesday.
Apple said Tuesday (July 8) that Chief Operating Officer Jeff Williams will hand off some of his duties before retiring later this year to spend more time with friends and family.
Mr. Williams was long considered a leading candidate to replace Tim Cook as the company's next chief executive.