Apple announced a $30 billion investment to extend its partnership with Broadcom for producing custom chips. Despite this large commitment, shares of both Apple and Broadcom declined due to broader challenges in the semiconductor industry. This deal highlights Apple's ongoing focus on chip development as part of its $600 billion U.S. investment plan over four years. The market reaction suggests investor caution amid sector headwinds.
Apple's stock fell 10.3% after its July 30 earnings report, despite beating revenue and EPS estimates, due to concerns over one-time tariff refunds and memory pricing pressures. Analyst Dan Ives of Wedbush Securities remains bullish, projecting a $40...
Norway's Government Pension Fund Global disclosed a 0.05% stake in SpaceX valued at about $1.23 billion as of June 30, 2026. This stake represents roughly 6.59 million shares, with SpaceX's stock trading near its IPO price and a market cap of $1.8 tr...
Apple Inc. reported its best June quarter ever with growth worldwide, but rising memory costs and supply constraints are causing its gross margin to shrink sharply. The company expects margins to fall nearly 3 percentage points in the next six months...
Apple's stock could face a significant correction to around $245 by late December 2026, a 32.2% drop from its July peak near $360, according to technical analysis by TradingShot. This forecast is based on recurring patterns in Apple's weekly chart, i...
Jefferies downgraded Apple from Hold to Underperform with a $263.66 target, citing rising memory costs and the cancellation of an all-glass iPhone. However, Apple just reported its strongest June quarter ever with revenue up 16.4% to $109.42 billion ...
