Apple shares hit an all-time high of $334.68 on July 16. The stock was up 23% on the year, the product pipeline was looking unusually stacked, and most of the analyst community already had a Buy on it. Then, on July 17, one of the banks that had been sitting on the sidelines decided it had seen ...
Semiconductor stocks came under renewed pressure as investors continued to digest Taiwan Semiconductor Manufacturing (TSM)’s higher 2026 capital expenditure guidance.
Apple briefly overtook Nvidia as the world's most valuable company Friday before the AI chip giant reclaimed its $4.92 trillion market cap by closing bell.
Apple, JPMorgan and ExxonMobil headline today's top stock reports, highlighting growth drivers, opportunities and key risks shaping their outlooks.
Nvidia is close to losing its place as the world’s largest company by market valuation. The stock movement Friday put the company on the brink of having a market capitalization below that of Apple The iPhone maker surpassed Nvidia in early trading, according to Dow Jones Market Data. At Friday’s close, Nvidia has a market value of $4.91 trillion, while Apple has a market cap of about $4.9 trillion, according to Dow Jones Market Data.
Wall Street stocks fell decisively Friday, joining most global markets in retreating on continued weakness in artificial intelligence shares and rebounding oil prices.Kourkafas also cited the latest jump in oil prices as a factor in stock market weakness.
FEATURE Tech was hit again on Friday by the worsening selloff in chip makers and other AI stocks. Advanced Micro Devices advanced 1% and Intel dropped 2%. Applied Materials was down 5.6% and Corning fell 2.
Management has gone quiet on the cloud migration engine that built Azure, but with AI now shouldering all the growth expectations, the health of that silent giant has never mattered more.
US equities (^DJI, ^IXIC, ^GSPC) closed Friday's session in negative territory — led by the Nasdaq Composite's 1.4% drop — all three of the market indexes seeing weekly losses amid the recent sell-off in semiconductor stocks. Yahoo Finance Markets and Data Editor Jared Blikre examines the day's market moves, taking a closer look at the losses in semiconductor stocks and the gains seen across the software landscape.
New AI features could unlock massive upgrade demand
The firm said it expects a stronger product cycle ahead.
STORY: Apple overtook Nvidia on Friday to become the world's most valuable company, reshuffling the top ranks of tech heavyweights as investors reassess the outlook for artificial intelligence.Apple was last valued at $4.88 trillion as its shares held steady, while Nvidia was roughly at $4.86 trillion, following a 3.5% decline."The apple reclamation of the largest market cap in the equity market is really a sign of the fact that investors are concerned with this level of CapEx that's being used to underwrite the AI explosion and are looking for stocks that are not spending capital investments," says Lynch.The shift in the pecking order illustrates that investors are broadening their focus beyond the most obvious beneficiaries of the AI boom, such as Nvidia, which had been at the helm for nearly a year. "Why is it working now for Apple? In fairness, they finally have a credible AI plan at their worldwide developer conference recently, they ruled out a new series, AI. It's going to integrate across all these different apps."
Nvidia slips behind as investor momentum shifts
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The CEO's capital allocation framework has significantly boosted Apple's earnings per share over the years.
Apple prints billions in cash every quarter while rivals burn theirs on unproven bets, and that difference is exactly why one investor keeps adding shares despite a valuation that should give anyone pause.
The company is letting its Big Tech peers pony up for research and development and then is ready to swoop in to grab the best models when the dust settles.
Berkshire Hathaway’s biggest stock holdings have added more than $20 billion in value this quarter, but Warren Buffett’s decision to slash the Apple stake continues to weigh on the portfolio’s upside.