Indian pollution regulators have accused Tata Electronics, a key Apple supplier, of contaminating local groundwater with wastewater. The probe focuses on a facility that plays an important role in producing iPhone components for Apple, listed as NasdaqGS:AAPL. Any regulatory action could affect operations at the plant and create complications for Apple's supply chain in India. For Apple, India has been a focus area for building out iPhone manufacturing capacity outside China, with local...
» AI spending boom is boosting profits now, but could pressure Big Tech returns later: Goldman Sachs
Welcome back to TechCrunch Mobility, your hub for the future of transportation and now, more than ever, how AI is playing a part.
Apple stock is up 50% since Berkshire Hathaway started unloading shares in mid-2023.
Apple has spent years trying to convince investors that its next major growth story will not depend only on a new iPhone. That effort has become more urgent as artificial intelligence reshapes the technology industry, with rivals including Google, Microsoft, OpenAI, and Meta moving faster with ...
The Vanguard Mega Cap Growth ETF owns a concentrated portfolio of America's largest companies.
Amazon.com (NasdaqGS:AMZN) plans to acquire Apple’s 20% stake in satellite operator Globalstar as part of an $11.6b satellite communications agreement tied to its Project Leo plans. The company also announced a new multi billion dollar AWS partnership with Pinterest, expanding its cloud reach into a major social media platform. In Europe, Amazon is rolling out a new generation of AI powered warehouse robots aimed at improving fulfillment efficiency and logistics capabilities. Amazon.com,...
We just covered the Top 10 Stock Picks of 10 Famous Billionaires. Apple Inc. (NASDAQ:AAPL) ranks #4 (see Top 5 Stock Picks of 5 Famous Billionaires). Number of Hedge Funds: 170 Top Pick Of: Warren Buffett’s Berkshire Hathaway Apple was once seen as a laggard in the AI race. Now it is looking like a winner, […]
We just covered the Top 10 Stock Picks of 10 Famous Billionaires. Taiwan Semiconductor (NYSE:TSM) ranks #3 (see Top 5 Stock Picks of 5 Famous Billionaires). Number of Hedge Funds: 234 Top Pick Of: Philippe Laffont — Coatue Management Taiwan Semiconductor (NYSE:TSM) is the biggest holding of billionaire Philippe Laffont of Coatue Management. Taiwan Semiconductor (NYSE:TSM) […]
The world's most important chipmaker just gave investors another reason to believe the AI boom is far from over.
» SpaceX's Nasdaq Debut Puts Bitcoin On 25% Of 'Mag8' Balance Sheets, Strategy’s Michael Saylor Says
FTSE Russell confirmed SpaceX will join the Russell 1000 and Russell Top 200 on June 26, with MSCI adding it to its standard and large-cap indexes on June 29.
A brutal week for AI's biggest spenders is recasting the iPhone maker's restraint as a strength.
Tenorshare launched an interactive iOS 27 Upgrade-Downgrade Companion to assist users weighing the risks of Apple's next OS, offering tailored recommendations for hesitant iOS 27 upgraders and providing a seamless, data-safe downgrade from iOS 27 ...
Stocks rallied on optimism surrounding a potential U.S.-Iran peace deal and SpaceX's historic IPO debut, reinforcing investor confidence and market momentum
Apple had a lot to say about AI at WWDC. If you listened closely enough, you could hear what it means for Apple’s overall business, not to mention brand identity.
An Indian pollution regulator has alleged wastewater discharged from a Tata components factory for Apple's iPhone has contaminated the groundwater for nearby farms and warned of a forced shutdown unless Tata gives a satisfactory explanation. India's Tata Electronics is central to Apple's push to diversify iPhone production beyond China and is the second-biggest supplier to Apple in South Asia after Taiwan's Foxconn. The Tata plant under investigation is in Hosur in southern Tamil Nadu state and makes back panels and other components for iPhones.
A Citigroup sentiment indicator hasn’t shown this much market euphoria since the post-Covid rally of 2021. How long can it last?
After shares posted a 134% trailing five-year gain, investors are now focused on what the next half decade will bring.
Alphabet (GOOGL) stock is at an interesting point right now. It has strong momentum, and if you bet on it, you are betting on a company with strong profitability, good cash flow, a low-debt-to-market-cap structure, and good tailwinds. But is that enough.
Companies with strong cash-generating abilities are great targets, as they have plenty of cash to fuel growth, pay out dividends, buy back shares, and easily wipe out debt.
STORY: The world's biggest ever IPO ended with Elon Musk's SpaceX gaining 19% in its debut session Friday, as investors piled into the rocket company, betting on its now-trillionaire CEO [beat] and the prospect of putting AI in space.Friday's debut gave SpaceX a valuation of more than $2 trillion, putting it in elite company with the likes of Nvidia and Apple... and making it more valuable than Musk's Tesla.The landmark listing also made Musk the first trillionaire ever. He loomed large over Times Square from the jumbo TV screen of the Nasdaq stock exchange... while a giant and unflattering inflatable depicting Musk was also on display with messages critical of SpaceX and Grok.Musk's rocket company began trading ahead of forthcoming IPOs for AI heavyweights Anthropic and OpenAI which will further test market appetite for new entrants.Anna Rathbun, founder and CEO of Grenadilla Advisory says the company is benefitting from its connection to AI rather than its fundamentals.“So I think it's not so much about SpaceX, but just the excitement about AI and SpaceX as much the name has space in it, it's an AI company at the end of the day, right? So I think the excitement about AI is going to drive it. Whether or not it would be successful, we have to see.”At $75 billion, the deal's proceeds were more than double those of Saudi Aramco's record-setting 2019 IPO.Although SpaceX may have to wait for entry into the S&P 500, its expected fast-track inclusion in the Nasdaq 100 will soon make it a major holding for passive funds and ETFs that track the index, creating a fresh source of demand for its shares.Retail investors on Friday snapped up shares of SpaceX despite SpaceX posting a loss of nearly $5 billion last year and generating only a fraction of the revenue brought in by similarly valued tech giants.Still, several analysts have issued positive ratings on the stock. But Morningstar analysts this month said it is more fairly valued at around $780 billion, and CFRA on Friday started coverage with a sell rating.