Intel is teaming up with Apple supplier Foxconn to develop artificial-intelligence infrastructure—but that wasn’t enough to stop the chip manufacturer’s stock from sliding on Thursday. The selloff came after Intel and Foxconn, also known as Hon Hai Precision Industry said they would collaborate to speed up the AI buildout. “Together, we are accelerating the delivery of end-to-end platforms that unlock new capabilities and extend the impact of AI worldwide,” Intel CEO Lip-Bu Tan said.
The three stores will close on Saturday, June 20. See the soon-to-be shuttered locations.
TSM stock rose on Thursday after the company's annual shareholders' meeting. At the meeting, Chief Executive C.C. Wei said the contract chipmaker, better known as TSMC, won't be able to fulfill demand over the next few years, even as more manufacturing capacity comes online, Bloomberg reported. "It will be a long time before we can meet customer demand," Wei said.
Investing.com -- UBS said decelerating App Store revenue growth could limit upside to Apple's Services segment, after data showed May growth slowing to the low single digits for the first time this year.
Profits are soaring, for now. That does not guarantee they will in the future.
Google Cloud Could Help Power Apple's AI Assistant
Billings Revenue Quadrupled As Consumer AI Adoption Broadened
In May 2026, telcos, OEMs, and retailers launched 1,094 smartphone promos (up 14% MoM), driven by trade-ins, bundles, and new line discounts. Service plan updates and Motorola device launches fuelled this surge.
Taiwan Semiconductor Manufacturing (NYSE:TSM) and Micron Technology (NASDAQ:MU) sit at two different floors of the same AI building. TSMC fabricates the logic chips that power Nvidia, AMD, and Apple. Micron supplies the HBM memory those accelerators cannot run without. Both just delivered blowout numbers, and the contrast between a foundry behemoth and a pure-play memory ... Got $10,000? TSM vs Micron: The Better Buy in 2026
(Bloomberg) -- Aliko Dangote has started work to double capacity at his huge oil refinery in Nigeria, which when finished will rival the world’s largest site and give Africa’s richest person a stronger grip of global fuel supply chains.Most Read from BloombergGlazer Family Members Study Manchester United Stake SaleRepublican-Led House Votes to Stop Iran War, Rebuking TrumpTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborBroadcom Slides by Most in More Than a Year on AI Outlook MissTru
REalloys is securing heavy rare earth supply outside China as the Pentagon's 2027 sourcing deadline approaches, locking in processing capacity, feedstock, and metallization assets across North America and Greenland
Yahoo Finance Tech Editor Dan Howley joins Julie Hyman on Market Catalysts to discuss Apple's (AAPL) App Store ecosystem, which facilitated an estimated $1.4 trillion in sales and billings in 2025.
Apple has agreed to submit local financial statements to India's competition authority as part of an ongoing antitrust probe into alleged abuse of dominance. The case comes at a time when Apple's iPhone business and production footprint in India are expanding and the company is rolling out new integration features such as native bill splitting. This development arrives ahead of an expected AI focused Siri update at WWDC, raising questions about potential regulatory penalties in a key...
Apple's App Store generated $1.4 trillion in sales, up from $1.3 trillion last year, with $149 billion in sales for digital goods.
Not all "Magnificent Seven" names are in favor.
A decade ago, Taiwan Semiconductor Manufacturing (NYSE: TSM) was respected but boring. It made chips for Apple, Qualcomm, and a long list of fabless designers, and the market valued it like a cyclical industrial. Then the node race got serious. TSMC pulled away from Samsung and Intel at 7nm, then 5nm, then 3nm, and the ... Taiwan Semiconductor Delivers 2,095% Gain Over 10 Years. Will It Continue To Outperform?
Apple's App Store generated $1.4 trillion in sales and billings in 2025.
Bloomberg Businessweek aired a segment on June 2, 2026 in which a guest sketched the outer edge of what SpaceX could be worth by the end of the decade. The figure was $10 trillion. That sits at the top of a bull-case range starting at $3 trillion and stepping through $5 trillion. SpaceX is currently ... The $10 Trillion Bet: Why Insiders Think SpaceX Could Rival Apple by Decade’s End
Alphabet has lagged the Nasdaq recently, but analysts still see plenty of room for growth ahead.
Picture a 62-year-old Apple lifer cleaning out an office for the last time. The 401(k) statement shows $1.9 million, with $620,000 sitting in company stock accumulated over 25 years of ESPP purchases and employer match-in-stock. The cost basis on those shares is $140,000. The default move, rolling the entire balance to an IRA, looks clean. ... The NUA Move That Cuts a Retiring Executive’s Tax on $480,000 of Employer Stock From 32% to 15%