Apple (NASDAQ: AAPL) delivered another strong quarterly earnings report, beating Wall Street expectations on both revenue and profit. The company posted its best March quarter ever, with fiscal second-quarter revenue of $111.2 billion, up 17% year on year, and earnings per share of $2.01, up 22%.
Apple is exploring ways to allow developers to offer artificial intelligence (AI) agents into its App Store while maintaining its regulations designed to prevent the spread of malware and other wrongdoing, The Information reported Wednesday (May 13), citing unnamed sources.
The tech stock rally may have taken a breather this week, but analysts expect that break means Big Tech has more room to run.
Craig Johnson, Chief Market Technician at Piper Sandler, used his CNBC Morning Call Sheet appearance to flag concerns for self-directed investors riding the AI trade.
Apple is reportedly opposing Europe's efforts to require Google to help its AI competition access its services. As Reuters reported Wednesday (May 13), the European Commission (EC) has been seeking feedback on measures to help Google comply with the Digital Markets Act (DMA).
Foxconn, which manufactures products for Apple and Google, is reportedly recovering from a ransomware attack. A company spokesperson confirmed the incident for web publication BleepingComputer Wednesday (May 13), following claims earlier in the week by the Nitrogen ransomware operation that it had stolen 8 TB of data and upwards of 11 million documents.
Several semiconductor stocks are on the rise as several industry CEOs join President Trump on his China trip.
Electronics manufacturing giant Foxconn, which makes devices and components for Apple, Google, Nvidia, and Sony, among other tech giants, confirmed on Monday that it was hit by a cyberattack that may have affected some of its factories.
Washington is signaling renewed engagement with Beijing, and investors are trying to figure out which stocks would benefit if tariffs ease, export controls loosen, and Chinese consumer demand stabilizes.
Apple is back at the top of every watchlist after the latest quarter showed iPhone revenue rebounding and CEO Tim Cook touting “extraordinary demand for iPhone 17 lineup”.
Artificial intelligence has become the market's version of an industrial revolution.
The SEC requires companies to disclose the ratio of CEO pay to the median worker pay.