Apple reported its best March quarter ever with strong iPhone 17 sales but announced significant hardware price hikes due to a 20% chip cost increase driven by AI memory demand. Meanwhile, Amazon's AWS cloud business grew 28%, benefiting from high demand for AI server capacity, despite heavy capital spending on data centers. Apple faces consumer pushback on rising prices, risking slower upgrades, while Amazon's challenge is sustaining margins amid massive investments. Investors see Apple as a defensive brand with steady service revenue, but favor Amazon's growth potential if AI memory costs remain high through 2027.
The Nasdaq is poised for a fifth consecutive day of losses as investors rotate out of technology stocks ahead of the quarter-end, with futures down 1.2%. Apple shares dropped 6% after warning of higher memory costs leading to price increases, while M...
Tech stocks declined with Apple dropping over 6% and Microsoft down 3.5% after both raised prices citing higher memory chip costs driven by AI demand. Micron surged 15% post-earnings but later fell on OpenAI IPO delay news, dragging the Nasdaq to its...
Legendary investor Jeremy Grantham has issued a warning about what he calls the largest market bubble in American history, fueled by excitement around artificial intelligence and companies like SpaceX. Grantham highlights extreme market euphoria and ...
Apple and Microsoft are both experiencing stock price declines, but Microsoft's drop is deeper and reflects company-specific issues, while Apple's is a mild pullback within a healthy trend. Microsoft is valued more attractively with lower price multi...
Tech stocks faced pressure with the Nasdaq falling despite strong earnings from Micron and steady inflation data. OpenAI is considering delaying its IPO until 2027 due to investor concerns and ongoing heavy investments, while rival Anthropic has surp...
