Martin Yang, Oppenheimer senior analyst, joins 'Squawk on the Street' to discuss what Apple Intelligence is lacking that's causing consumers not to be as interested.
Wall Street expects Apple Inc AAPL to report $124.13 billion in revenue when the company posts first-quarter financial results after market hours Thursday.
Apple is reportedly expected to report muted revenue growth this week amid AI hiccups and competition in China. As Reuters reported Wednesday (Jan. 29), Apple and its competitors Samsung and Google have been counting on artificial intelligence (AI) features to boost smartphone sales.
The Chinese artifical intelligence application DeepSeek was not available on Wednesday in Apple and Google app stores in Italy.
The release of DeepSeek's cost-effective AI model sent shockwaves through the markets on Monday, hitting the technology sector, particularly AI and semiconductor stocks, hard. The Magnificent Seven stocks, often viewed as market leaders, came under significant pressure as the new AI model challenged their dominance and raised concerns about future capital-intensive investments.
Apple (NASDAQ: AAPL) has emerged as a strong buy amid a volatile tech market, supported by a combination of technical indicators and fundamental factors.
Apple is expected to report tepid quarterly revenue growth on Thursday as its slow roll-out of artificial intelligence features and tough Chinese competition weighed on iPhone demand during the crucial holiday-shopping season.
It's a good time to be a bull on Wall Street. Since the start of 2023, the mature stock-driven Dow Jones Industrial Average, broad-based S&P 500, and growth-inspired Nasdaq Composite have respectively soared by 34%, 59%, and 91%, as of the closing bell on Jan. 24, 2025.
The S&P 500 (^GSPC 0.92%) is widely considered the best gauge for the overall U.S. stock market. The index surged 23% in 2024 as investors reacted to the strong economy and excitement about artificial intelligence, and it has already advanced another 2% in 2025 for similar reasons.
Apple's iPhone devices are now eligible to test SpaceX-owned Starlink's direct-to-cell capability that provides coverage from space, according to T-Mobile , a partner in the program.
Apple (AAPL) shares posted solid gains again Tuesday after avoiding the big tech selloff to start the week.
Qorvo shares initially surged more than 13% after the company reported better-than-expected earnings, but reversed due to comments made about sales to its "largest customer." "For FY 2026, we're currently forecasting revenue at our largest customer to be flat to up modestly," Qorvo CEO Robert Bruggeworth said.