Apple has agreed to employ key team members from personalized audio startup Huxe and license its technology in a reverse acqui-hire deal. Huxe recently shut down, and Apple disclosed the agreement to the European Commission, signaling a move to enhance its AI-driven audio features, possibly for its Podcasts app. This deal allows Apple to gain AI talent and tech without fully acquiring the startup, likely aiming to compete with rivals like Spotify, which recently launched AI podcast generation features. Details on the employment offers or Apple's specific plans remain undisclosed.
Apple shares trade at USD 336.68 on Pluang as of Oct 11, 2026 03:01 WIB, down 1.10% for the day. The stock's market cap stands at $4.91 trillion, with a 52-week high of $341.07. Pluang data shows a typical hold time of 143 days and a 63% sell order activity, indicating mixed investor sentiment around Apple currently.
A $10,000 investment in the Vanguard Information Technology ETF (VGT) on the day ChatGPT launched in November 2022 has grown to $30,482 with dividends reinvested, outperforming the Invesco QQQ Trust (QQQ), which grew to $26,095 over 3.85 years. The k...
Apple's stock dropped 3% following reports that it reduced component orders for the iPhone 18 Pro by 15-20% for October due to weaker-than-expected demand and higher memory chip prices. This move impacts Apple and its suppliers like Skyworks, which a...
SpaceX is acquiring Grain Management's nationwide 800 MHz spectrum portfolio for $8 billion, pressuring major telecom stocks like Verizon, T-Mobile, and AT&T, which dropped about 6% as Starlink Mobile aims to challenge traditional carriers. Meta has ...
Apple has reportedly reduced its component orders for the new iPhone 18 models by at least 15% due to rising memory chip costs and weaker consumer demand. The company faces higher production costs driven by competition for advanced chips used in AI f...
The Invesco S&P 500 Top 50 ETF (XLG) reduces the S&P 500 to its 50 largest companies by market cap, resulting in a fund dominated by mega-cap tech stocks, especially semiconductors which make up about 26% of the portfolio. The top five holdings—NVIDI...
