Evercore ISI raised its price target for Apple to $365 from $330, maintaining an Outperform rating and highlighting a bull case of $500 driven by strong growth in Apple's high-margin Services segment. The firm expects Apple to compound earnings and free cash flow at a low-to-mid teens pace, supported by Services revenue, premium iPhone pricing, and aggressive capital returns including buybacks and dividends. Apple recently reported strong quarterly results with revenue up 17% year-over-year and a growing installed base of over 2.5 billion active devices, which supports its recurring revenue streams. While the stock trades near all-time highs, Evercore's bullish outlook reflects confidence in Apple's durable cash flow and growth potential, though investors should consider regulatory and competitive risks.
During President Trump's visit to China, Chinese President Xi Jinping assured a delegation of top U.S. executives, including Elon Musk and Tim Cook, that China will "open wider" to American companies amid ongoing trade tensions. This marks a notable ...
Google is massively increasing its capital spending on AI infrastructure, guiding $175-$185 billion for 2026, dwarfing Apple's $12.7 billion capex. This shift highlights Google's growing dominance in AI, with its Gemini AI processing billions of toke...
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Intel's foundry segment is gaining traction with commercial production of its advanced 18A process node and promising progress on the 14A node. Key partnerships with Apple and Tesla's Terafab project validate Intel's manufacturing capabilities and bo...
Apple reported its best-ever March quarter with $111.18 billion in revenue, a 16.6% year-over-year increase, and earnings per share of $2.01, beating expectations on both revenue and profit. The company upgraded its stock rating to bullish, citing st...
