Dow Jones Futures: Surging oil prices sparked stock market losses Monday. SpaceX rival Rocket Lab tumbled on earnings late.
Microsoft showered investors with one of the largest cash returns on the market, but the real story is what that spending says about the tech giant's future.
Jefferies analyst Edison Lee believes Apple has scrapped its all-glass iPhone, citing supply-chain checks.
(Updates with index/price moves and company/geopolitical news from the first paragraph.) US equit
A Wall Street analyst on Monday downgraded Apple stock to the equivalent of a sell rating, citing issues with the company's upcoming iPhone smartphones.
Apple fell 1.5% to $308.26. Jefferies downgraded shares to Underperform from Hold and slashed the price target to $263.66 from $285.56. Shares of Elon Musk’s rocket and artificial-intelligence company snapped a four-week losing run on Friday with a 16% surge following the end of a lockup period for shares.
While the market sees a mature streaming giant, a new growth engine is quietly spooling up inside the business. The company's push into cloud games is showing remarkable traction, with monthly players having increased 11x since last October. This adoption is already outpacing the company's earlier, successful push into mobile games.
Yahoo Finance Tech Editor Dan Howley breaks down Jefferies' downgrade of Apple (AAPL) to 'underperform' following reports of a canceled all-glass iPhone, while evaluating potential price increases for upcoming models.
Apple's reported testing of Chinese memory chips introduces another competitive variable as Micron's AI revenue reaches record levels.
Unease about negotiations to reopen the Strait of Hormuz boosted oil and yields but pressured stocks at the start of a big week for inflation data.
Economist Torsten Sløk points out that the AI capex boom is lifting profit margins for the Mag Seven, but not other companies.
Apple may have to choose between price and volume
Tim Cook recently acknowledged that consumers should expect to pay higher prices for Apple products in the near-future as the company can no longer absorb surging costs for memory and storage components. This situation, the CEO noted, has become unsustainable even though the company is doing its best to mitigate it. This pricing pressure has […]
» Apple may scrap its all-glass iPhone. Wall Street hasn’t been this alarmed since Steve Jobs’ death
Investment firm Jefferies on Monday downgraded Apple from hold to underperform, cutting its price target from $285.56 to $263.66.
Apple is reportedly testing CXMT memory chips for iPhones and MacBooks sold in China but needs White House approval under U.S. restrictions.
For much of the last two years, Apple (AAPL) has been attempting to convince investors that artificial intelligence will be the next big motivation for people to update their gadgets. But one of its most recent efforts in AI is not aimed against Silicon Valley or even the U.S. It’s happening in ...
» Update: US Equity Indexes Mixed as Crude Oil, Treasury Yields Jump Amid Worsening Iran Geopolitics
(Updates with index/price moves and company news from the first paragraph.) US equity indexes wer
Apple could be making a major change to its plans for a future iPhone lineup, which could push back future price increases, according to one group of analysts.
Apple Inc (NASDAQ:AAPL, XETRA:APC) shares fell about 2% on Monday after Jefferies downgraded the stock to Underperform, citing challenges in Apple’s efforts to develop higher-priced iPhone models and lift average selling prices. Along with the rating downgrade, Jefferies lowered its price...
Microsoft is planning to "significantly" increase production of its next-generation AI chips, the Information reported. Bloomberg's Anurag Rana joins Bloomberg Intelligence to discuss this as well as how Apple is considering an overhaul to its smartwatch lineup in light of the industry's transition to screen-free devices and other new form factors.