Sandisk reported a stunning 252% year-over-year revenue increase to $5.95 billion in Q3, far exceeding estimates, and projects even higher Q4 revenue and earnings. Apple posted Q2 revenue of $111.18 billion and EPS of $2.01, both beating expectations, raised its dividend by 4%, and authorized a $100 billion stock buyback. Blue Owl sold half its SpaceX stake at a $1.25 trillion valuation, realizing a 10x return while retaining significant exposure. Meanwhile, Roblox shares dropped 23% premarket after missing Q1 revenue and bookings estimates despite strong growth. These results highlight strong tech sector momentum but mixed signals ahead.
Bank of America raised its price target for Apple to $380 from $330, highlighting Apple's strong position to benefit from the emerging "agentic AI" smartphone market. This AI technology enables devices to complete tasks and manage workflows autonomou...
Apple CEO Tim Cook is stepping down after significantly growing the company’s market value to $4.535 trillion. Hardware chief John Ternus will succeed him, marking a major leadership change for the world’s most valuable company. Despite strong recent...
Apple Inc. reported a 16.3% year-over-year increase in its Services revenue, reaching $30.98 billion in Q2-FY26, with exceptionally high gross margins of 76.7%. This growth helped expand the company's overall gross margin to 49.3%, offsetting weaker ...
In the first half of fiscal year 2026, iPhone revenue increased by 22.7%, primarily due to higher average revenue per user (ARPU) driven by more memory upgrades and a shift towards premium models. Although ARPU growth is expected to slow down because...
The Magnificent 7, a group of leading megacap tech companies including Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla, represent the forefront of AI and future tech. While most have advanced AI integration and partnerships, Microsoft has...
