Paul Meade, Apple's vice president responsible for the Vision Pro headset, is leaving Apple to join OpenAI's hardware team. Meade led the development of Apple's AI-powered smart glasses, which are set to launch next year after the costly Vision Pro failed to gain traction. His departure is linked to a leadership change at Apple, with John Ternus becoming CEO and restructuring the hardware engineering team, causing some executives to feel demoted. OpenAI is collaborating with former Apple design chief Jony Ive on a new AI device, aiming to create a more peaceful alternative to the iPhone.
The JPMorgan Equity Premium Income ETF (JEPI) pays monthly distributions currently yielding about 8.3%, but the payment amount fluctuates due to its strategy of selling out-of-the-money call options, which generate premiums that depend on market vola...
Apple is lobbying the US government for permission to buy memory chips from ChangXin Memory Technologies (CXMT), a Chinese supplier on the US blacklist. This move aims to reduce Apple's rising component costs amid recent product price hikes. However,...
Apple and Microsoft have raised prices on key devices due to soaring memory costs driven by a global supply crunch linked to AI chip demand. While large companies can absorb or pass on these costs, smaller electronics manufacturers struggle with skyr...
In the week ending June 26, 2026, tech stocks, including memory-chip makers and the so-called 'Magnificent Seven,' experienced significant declines. Investor enthusiasm for artificial intelligence investments cooled, leading to steady losses in the N...
The American Century U.S. Quality Growth ETF (QGRO) and Quality Value ETF (VALQ) recently completed their index rebalances, adjusting stock weights to reflect market trends. Notable changes include increased weights for Apple, Qualcomm, and Cisco in ...
