August is quickly coming to a close, but it appears to be ending the way it began: with mass layoffs at some of the biggest tech companies on the planet.
The upcoming iPhone cycle is one that will be watched closely by Wall Street. Tom White notes lasting memory chip shortages as something he sees leading to price hikes, something expected to hit consumer demand. Kevin Hincks points to Apple's hardware moat as something he believes will offer lasting strength for the company. Both Tom and Kevin offer their own example options trades for the Mag 7 stock.
SK Hynix (SKHY) stock price retreat this morning is being attributed mostly to risk-off sentiment ahead of Nvidia's earnings on August 26 and Samsung's shareholder-return plan that disappointed investors. But there's another story hanging over the memory industry: Apple is reportedly exploring Chinese DRAM from ChangXin Memory Technologies (CXMT) as it searches for additional supply and potentially lower costs.
Memory stocks are sliding Monday morning after weekend reports that Washington may permit Apple (NASDAQ:AAPL | AAPL Price Prediction) to source memory chips from Chinese suppliers.
Apple (NASDAQ: AAPL | AAPL Price Prediction) and NVIDIA (NASDAQ: NVDA) both delivered fresh results into a market fixated on who controls the compute stack.
Apple is cutting more than 200 jobs as the tech giant sharpens its focus on AI and updates its Siri digital assistant.
Apple has repurchased $877 billion in shares under Tim Cook's leadership. The buybacks have increased share value for Apple investors.
Investors are still waiting for Apple's AI products to emerge. Meta has spent a ton on AI without much to show for it.
Nvidia was 7.50% of the Vanguard S&P 500 ETF at the end of June, against 6.58% for Apple. The fund's five biggest positions add up to just over 25% of its $1.05 trillion in assets.
Apple's (AAPL) iPhone 17 did better than expectations, but @WindowsCentral's Daniel Rubino tells investors not to expect many changes for iPhone 18. The biggest change: foldable phone, which he sees facing some challenges as that corner of the market has plenty of new and established competitors.
AAPL's 33.54X forward P/E tops its sector and peers, even as iPhone, Services and AI momentum support growth amid supply and currency headwinds.
Apple (NASDAQ:AAPL | AAPL Price Prediction) has spent 2026 quietly reclaiming its narrative.