Dominic Rizzo, T. Rowe Price Global Technology Fund Portfolio Manager, joins 'Closing Bell Overtime' to talk tech and tariffs.
I have maintained a bullish stance on Apple stock, but recent developments prompt hedging considerations for the near term. Apple's FY Q1 2025 earnings exceeded expectations, but I see good odds for a downward surprise in its upcoming FY Q2 2025 earnings. The leading factor for such a surprise is the potential of a tariff war between the major economies.
Donald Trump's most recent tariffs on China put Apple's profitability at risk, analysts say. Apple previously avoided similar tariffs in 2019 after discussions between Cook and Trump.
"President Trump is giving us a discount," says Jeffrey Small on reaction to today's tariffs on Canada, Mexico and China. He believes 2025 will be a winning year for Wall Street with names like Apple (AAPL), Alphabet (GOOGL) and Meta Platforms (META) as "undervalued" plays.
Arguably late to the AI game, Apple's NASDAQ: AAPL understated push into AI has it set up to grow substantially over the next decade. Ultimately, it won't be about the flashiness of the AI product or launch, but its durability, and Apple has proven to be a durable business.
Apple shares fell more than 3% on Monday after President Trump announced 10% tariffs on China, where the company assembles most of its products. Among the tech megacaps, Apple may be the most vulnerable to tariffs.
Qualcomm is a global tech leader in wireless connectivity, AI, and IoT, but relies heavily on major customers like Apple, Samsung, and Xiaomi. Investors should monitor Qualcomm's key customers, as shifts like Apple's in-house modem development could impact Qualcomm's revenue. Qualcomm's push into the PC market faces challenges from dominant players Intel and AMD, potentially hindering future growth.
BofA Securities analyst Wamsi Mohan maintained a Buy rating on Apple Inc AAPL with a price target of $265.
Apple just hit another snag in its effort to find a foothold in the headset market targeting everyday users. The tech giant has reportedly canceled its project to build augmented reality glasses that could be paired with its devices.
A Wall Street analyst has shared insights on what to expect for Apple (NASDAQ: AAPL) stock as the company navigates the latest wave of American tariffs targeting China.
Zacks.com users have recently been watching Apple (AAPL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The artificial intelligence races have been heating up, with most of the Magnificent Seven and others spending huge amounts of money in a race to achieve the best artificial intelligence models the fastest.