Apple became the second company ever to surpass a $5 trillion market valuation, reaching $5.04 trillion after its shares hit a session high of $342.89. This milestone was driven by strong demand for Apple products and its choice to avoid heavy AI spending, unlike many tech rivals facing cash flow pressures. Meanwhile, AI and semiconductor stocks are experiencing a sell-off due to concerns over high borrowing and competition from Chinese chipmakers. Apple’s steady iPhone pricing and new device leasing program have further supported demand. The company is set to report strong Q3 earnings, with analysts expecting over 15% revenue growth year-on-year.
Apple briefly reached a $5 trillion market capitalization for the first time, overtaking Nvidia as the most valuable publicly traded company. Apple's shares have risen 25% this year, outperforming other tech giants, despite lower spending on AI infra...
Amazon is shifting its AI strategy by winding down most Nova models to prioritize a new frontier model led by Pieter Abbeel, with a debut expected at the re:Invent conference. Corning reported mixed guidance with Q3 revenue below expectations despite...
Apple has become the second company ever to reach a $5 trillion market capitalization. The tech giant is also preparing to enter the smart home market more aggressively with new products centered around its Siri AI assistant, including a hub device, ...
The FTSE 100 index rose 98 points to 10,880, nearing its all-time high, driven by strong quarterly results from Unilever, which posted its best volume growth in over ten years. Other notable gainers included GSK, Diageo, and Croda, buoyed by positive...
Apple and Klarna introduced a new leasing program allowing customers to lease iPhones, Apple Watches, iPads, and Macs with lower monthly payments starting at $11.99. The program offers 12 to 36 month lease terms and lets customers trade in devices to...
