Apple reported its best-ever March quarter with $111.18 billion in revenue, a 16.6% year-over-year increase, and earnings per share of $2.01, beating expectations on both revenue and profit. The company upgraded its stock rating to bullish, citing strong operational cash flow, a $100 billion share buyback program, and a renewed focus on research and development, especially in artificial intelligence. Apple also provided a confident revenue growth forecast of 14%-17% for Q3, signaling management's optimism despite margin pressures. Leadership changes include Tim Cook stepping down as CEO to become executive chairman, with John Ternus taking over as CEO to lead Apple into an AI-driven era, with key growth catalysts expected from a Siri overhaul and new product cycles.
During President Trump's visit to China, Chinese President Xi Jinping assured a delegation of top U.S. executives, including Elon Musk and Tim Cook, that China will "open wider" to American companies amid ongoing trade tensions. This marks a notable ...
Evercore ISI raised its price target for Apple to $365 from $330, maintaining an Outperform rating and highlighting a bull case of $500 driven by strong growth in Apple's high-margin Services segment. The firm expects Apple to compound earnings and f...
Google is massively increasing its capital spending on AI infrastructure, guiding $175-$185 billion for 2026, dwarfing Apple's $12.7 billion capex. This shift highlights Google's growing dominance in AI, with its Gemini AI processing billions of toke...
At the Trump-Xi summit, key discussions centered on U.S. tech companies' access to the Chinese market and China's control over critical minerals. U.S. President Trump emphasized opening China to American businesses as a top priority, while China expr...
Intel's foundry segment is gaining traction with commercial production of its advanced 18A process node and promising progress on the 14A node. Key partnerships with Apple and Tesla's Terafab project validate Intel's manufacturing capabilities and bo...
