Only one company has ever touched the mark, and the iPhone maker is about 4% away.
Apple is gaining momentum as iOS 27, China AI approval, and a Broadcom chip deal have strengthened investor confidence.
Dell, Sandisk and Micron led an AI sell-off, masked by megacaps such as Apple. SpaceX undercut its IPO price. Taiwan Semi, GE Aerospace earnings are due.
The technology giant's AI strategy is emerging.
The gains came as investors favored companies with strong business advantages and financial performance instead of riskier growth-focused stocks.
June’s Producer Price Index (PPI) declined 0.3% from the previous month, marking its steepest drop in more than a year.
With Q2 earnings closing in, Jefferies just named its top Magnificent 7 pick and the choice cuts across some of the most widely held retirement stocks in America. One of these three tech giants wins on valuation, one wins on income, and one barely shows up to the fight.
A 35-stock equal-weight fund has been quietly outrunning the Nasdaq-100 for years, and the structural reason behind that gap changes how you think about building a tech position.
Broadcom stock has turned a very large 5 year gain into a fresh valuation debate, with a recent jump on long dated Apple and AI chip deals set against checks that now suggest the shares look roughly in line with an intrinsic value estimate rather than clearly cheap. Broadcom has delivered a very large return of about 8x over 5 years, which means any new buyer is taking valuation much more seriously than at earlier entry points. Long running custom chip agreements with Apple and major AI...
TSMC, the world's main producer of advanced AI chips and a major supplier to Nvidia, on Thursday posted a 77% jump in second-quarter profit to a record that was far ahead of market forecasts. Benefiting from surging demand for advanced chips used in artificial intelligence applications, Taiwan Semiconductor Manufacturing Co said net profit for April to June climbed to T$706.6 billion ($21.99 billion), its ninth straight quarter of double-digit percentage growth. Analysts said demand for Taiwan Semiconductor Manufacturing Co's (TSMC) 3-nanometre and 2-nanometre process technologies for AI chips, as well as for its advanced chip packaging technology, CoWoS, remains strong.
Apple shares rose 4% to $327.50. The Cyberspace Administration of China on Wednesday included Apple’s generative artificial intelligence on a list of newly approved providers. Evercore ISI analyst Amit Daryanani wrote that the update clears the biggest regulatory hurdle for Apple Intelligence—the company’s AI software—in the world’s largest smartphone market.
Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) jumped 4.2% in the afternoon session after the company secured regulatory approval to launch Apple Intelligence in China by integrating Alibaba's Qwen AI model.
Warren Buffett says Alphabet will beat 95% of Wall Street picks as Berkshire's stake tops $31 billion. GOOGL stock surges.
Cooler-than-expected producer prices contributed to hopes for easing inflation on Wednesday.
ASML says its high-end machines are helping investors make memory more quickly than expected. In the short term, that could weigh on memory prices.
Memory stocks plunged on Wednesday along with shares of other hardware providers for AI data centers.
Apple shares climbed to a fresh record Wednesday, in the wake of reports the iPhone maker is considering buying an AI chip company to fuel its AI ambitions.
Every quarter the bears declare the iPhone cycle dead, and every quarter Apple proves them wrong. Here is why one investor keeps adding to the position anyway, and what the skeptics keep getting wrong about the business.
US stocks (^GSPC, ^DJI, ^IXIC) managed to close Wednesday's session higher despite a new sell-off appearing across the semiconductor industry. Baird tech strategist Ted Mortonson explains what rising memory chip costs could mean for tech consumers and companies like iPhone maker Apple (AAPL).
(Updates with market moves at the end of the day.) US equities rose Wednesday, driving major inde