Apple has signed a multiyear deal worth over $30 billion with Broadcom to design and produce more than 15 billion custom wireless chips made in the U.S. The agreement includes a $1.5 billion investment from Apple to expand Broadcom's manufacturing facility in Colorado. This move supports Apple's $600 billion commitment to the U.S. economy and aims to create hundreds of American jobs, reinforcing its supply chain amid past political pressures to bring manufacturing stateside. However, iPhone assembly will continue overseas for now.
Apple's stock reached an all-time high in 2026, rising over 16% year-to-date due to the AI boom boosting product sales. A $10,000 investment at the start of the year grew to $11,603 by late August, including dividends. The company reported strong Q3 ...
Apple posted its best June quarter ever with strong iPhone 17 sales and $109.42 billion revenue, but faces supply constraints and one-time tariff benefits. Microsoft reported $90.01 billion revenue with Azure growing 43% and a massive $678 billion co...
In the second quarter, family offices increased their stock allocations from 34% to 37%, driven by bullishness on AI and equities despite market bubble concerns. This shift was largely due to market gains, with the S&P 500 rising about 15%, rather th...
Nvidia is well positioned to benefit from the $3 trillion AI datacenter expansion without taking on the financial risks faced by major tech companies. Big Tech giants like Microsoft, Amazon, Alphabet, Oracle, and Meta have accumulated over $3 trillio...
Fidelity Contrafund (FCNTX), managed by Will Danoff, charges a 0.74% fee for retail investors, but an identical portfolio is available at a 0.45% fee through the K6 share class (FLCNX) in many 401(k) plans. The lower fee class offers the same holding...
