Apple's stock could rebound thanks to overlooked strength in iPhone demand and a new AI strategy, according to Evercore.
Skyworks Solutions remains a buy as diversification efforts accelerate, aiming to reduce Apple concentration risk and unlock valuation upside. SWKS's Broad Market segment, driven by Wi-Fi 7 and automotive, is set to reach 39% of sales, supporting multi-year growth and margin recovery. The Qorvo merger targets $500M in annual cost savings and immediate EPS accretion, with Apple exposure expected to drop to 45–55%.
Shares of Apple (NASDAQ:AAPL) plunged into correction territory on Thursday as the losing streak extended to a whopping seven sessions.
Apple (NASDAQ:AAPL) stock reached around $286 last year, driven by strong demand for iPhone 17 upgrades. This increase propelled the shares to more than 32x forward earnings—a premium valuation that hinges on Apple's success in its upcoming major platform transition.
Apple's services strategy is anchored in hardware, turning devices into gateways for recurring engagement across payments, commerce and content. Financial services are increasingly part of that design, where consumers already authenticate, store credentials and transact.
Gene Munster, Deepwater Asset Management, joins 'Fast Money' to share his bull case for Apple.
Google has supplanted Apple as the second-most valuable company by market capitalization. That's according to a report Thursday (Jan. 8) by Bloomberg News, which characterizes the milestone as an indication of how the company has become one of the biggest winners in the artificial intelligence (AI) race.
The Apple Card, known for its intuitive features and other perks for consumers, will now be issued by JPMorgan but Apple says nothing will change for users.
Stock futures are pointing to a lower open as the rally that started 2026 has lost its momentum; defense sector stocks are surging after President Donald Trump said that the 2027 budget should include a substantial hike in defense spending; Google parent Alphabet has a larger market capitalization than Apple for the first time since 2019; JPMorgan Chase has reached a deal to take over the Apple Card program from Goldman Sachs; and Applied Digital's shares are jumping after the data center provider reported a 250% increase in quarterly revenue. Here's what you need to know today.
Defense stocks surged after Trump proposed a $1.5T 'Dream Military' budget for FY2027, reversing prior sector declines. Lockheed Martin (LMT) and General Dynamics (GD) rebounded sharply, recovering losses from earlier threats of dividend and buyback restrictions.
A law used to calculate fines on the basis of a company's global turnover will discourage breaches by multinationals, India's antitrust watchdog told a court in opposing Apple's high-profile challenge to the measure.
JPMorgan will take over the card program, which had been a major headache for Goldman.