Micron: This Apple And NVIDIA Supplier Is An Undervalued AI Stock
This marks the last peak week of the Q2 earnings season with 3,908 companies expected to report. Earnings have come in better-than-expected, but tend to be overshadowed by economic data. Outlier earnings this week include: CSX, CAT, and VFC.
Google projected it could lose $30 billion if it lost its default spot on Apple devices. A federal judge ruled that Google's agreements with Apple and others "have anticompetitive effects.
A federal judge ruled against Google in a major antitrust case. Apple could be a loser, too.
A federal judge Monday ruled that Google has violated antitrust laws by engaging in unfair business tactics to dominate the internet search advertising market.
The federal government has more lawsuits in the pipeline trying to rein in the tech giants, including another antitrust case against Google that goes to trial next month.
6G is the sixth generation of cellular technology. The tech will be a massive leap forward from 5G, its predecessor, and will have ultra-high speeds (up to 500 times faster than 5G).
Apple (NASDAQ: AAPL ) stock doesn't pull back substantially every month. So, when this does happen, smart-money investors take action.
Last week's market plunge could be a great opportunity to put new money to work. It may be difficult to tell what stocks will be in for next.
Markets are reeling this morning, but I would implore investors to do everything they can to keep a cool head. While I cannot guarantee that we are at the exact lows of this selloff, there are a number of market leading stocks currently trading at very appealing levels.
Last Friday's weaker-than-expected jobs report drove the tech sector and overall U.S. equity market lower as fears mounted about a potential recession. Reports then broke about Warren Buffett and Berkshire Hathaway BRKBRK selling half of its Apple Inc shares AAPL, further escalating the fears about the health of the market.
Speculative stocks, especially those tied to the technology sector, are leading the stock market down on Aug. 5. Trump Media & Technology (NASDAQ: DJT ) is down over 8% as of this writing.