Apple Inc. (AAPL)
Nvidia Stock vs. Apple Stock: Billionaires Are Buying One and Selling the Other
Nvidia (NVDA 3.48%) and Apple (AAPL 0.15%) are two of the most popular stocks among retail investors, but the billionaires listed below bought one and sold the other in the third quarter.
Of Three Apple Suppliers, Only Skyworks Solutions Hit Street Guidance
Skyworks Solutions reported strong financials, exceeding guidance with $1.015 billion in revenue, $1.55 EPS, and $393 million in free cash flow for the September quarter. The company has a robust presence in Android 5G and Wi-Fi 7 markets, with significant wins in automotive and clinical-grade hearing aids applications. Despite steady performance, Skyworks faces risks from unproven unit growth; however, it remains a buy with a price target above $100.
Rating the Magnificent 7 Stocks in 2024
The Visual Capitalist published a chart in June that highlighted the Magnificent 7's stock buybacks between June 2023 and June 2024.
Tech stocks hit first all-time high since July
Technology stocks powered to new highs on Wednesday as the tech-heavy Nasdaq Composite rallied 1% and investors poured into key software and megacap players.
Apple facing hurdles in adapting Baidu AI models for China, The Information reports
Apple and Baidu are working to add AI features to iPhones sold in China, but are facing hurdles that could hurt the tech giant's phone sales in the country, The Information reported on Wednesday.
An Apple employee is suing, saying the company monitors personal devices and stops staff from talking about pay
A lawsuit says Apple invades the privacy of employees by monitoring personal devices. The lawsuit also claims Apple's policies suppress employee rights and whistleblowing.
Stellantis denies report about picking Apple's Maestri as new CEO
French-Italian car maker Stellantis on Wednesday denied a report in Corriere della Sera daily that it planned to name outgoing Apple finance chief Luca Maestri as its new chief executive.
Stellantis chairman to pick Apple CFO Maestri as carmaker's new CEO - paper
Stellantis' Chairman John Elkann plans to name Luca Maestri, the outgoing CFO of Apple, as the new CEO of the Italian-French carmaker, newspaper Corriere della Sera reported on Wednesday.
Apple says it uses Amazon's custom AI chips
Apple is currently using Amazon Web Services' custom AI chips for services like searching and will evaluate if its latest AI chip can be used to pre-train its AI models included in Apple Intelligence. Apple revealed its usage of Amazon's proprietary chips at the company's annual AWS Reinvent conference.
Apple's Multi-Year iPhone Cycle And App Store Dynamics Are Growth Catalysts: Analyst
BofA Securities analyst Wamsi Mohan maintained a Buy rating on Apple Inc. AAPL with a price target of $256.
Amazon's cloud service shows new AI servers, says Apple will use its chips
Amazon.com's cloud unit on Tuesday showed new data center servers packed with its own AI chips that will challenge Nvidia , with Apple coming aboard as a customer to use them.
Apple's Developer Fees Face $995 Million UK Legal Challenge
Apple reportedly is facing litigation from British app developers over its App Store commissions. The class action suit alleges that the commission Apple charges of up to 30% on App Store sales has harmed competition in the U.K. tech industry, Bloomberg News reported Tuesday (Dec. 3).
