Apple and Btoadcom stocks were slipping despite a big chip partnership between the two companies.
Apple plans to spend more than $30 billion as part of a chip-supply agreement reached earlier this week with Broadcom that will also see the chipmaker expand a factory in Colorado, the companies said on Wednesday.
The deal, for billions of chips, is the latest part of Apple's domestic investment pledge.
Recent price increases for Apple's Mac and iPad devices and any potential hikes in iPhone prices are unlikely to significantly dampen consumer demand, according to JPMorgan, which has raised its price target on the iPhone maker and reiterated its Buy rating. Analyst Samik Chatterjee said several positive catalysts could help Apple's revenue and earnings outperform current market expectations.
Apple has reportedly begun testing DRAM chips from China's state-backed ChangXin Memory Technologies for devices sold within China. It is lobbying the U.S government to permit broader use of its products, the Financial Times reported on Wednesday, citing people familiar with the matter.
Once the face of the AI trade, Nvidia's valuation has compressed to levels not seen since 2013 while Apple shares continue to power higher
Samsung Electronics just did something no company has done before. Its operating profit last quarter came in roughly 19 times what it was a year ago, revenue more than doubled to a record, and the bottom line landed above both NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) and Apple (NASDAQ:AAPL).
When an ecosystem controls its own processing architecture, it dictates its financial destiny. The industry-wide pivot toward custom silicon has transformed semiconductor manufacturing from a cyclical necessity into the ultimate defensive macroeconomic moat.
Micron Technology (NASDAQ: MU | MU Price Prediction) and Apple (NASDAQ: AAPL) just delivered earnings that expose opposite ends of the AI hardware trade.
Apple Inc (NASDAQ:AAPL, XETRA:APC)'s App Store revenue growth slowed in the June 2026 quarter, according to an analysis by UBS, which tracked third-party App Store data from Sensor Tower. UBS analysts wrote that the App Store recorded approximately 3% year-over-year growth on a reported basis during the quarter, while growth was around 2% on a foreign exchange-neutral basis.
I keep hitting the buy button on Apple (NASDAQ:AAPL | AAPL Price Prediction), and the July 30 earnings report is not slowing me down.
I keep hitting the buy button on Broadcom (NASDAQ:AVGO | AVGO Price Prediction), and the pullback to $373.90 from the 52-week high of $494.18 gave me another window to add.