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.
In June, U.S. nonfarm payrolls increased by 57,000, falling short of the 114,000 expected, while the unemployment rate unexpectedly decreased to 4.2%. Labor force participation also declined to 61.5%. Memory chip stocks, including SK Hynix and Samsun...
On April 8, 2025, President Donald Trump made 327 stock purchases focused on major tech companies during a market sell-off triggered by his new tariff plan. The next day, he announced a partial rollback of these tariffs, causing the S&P 500 to surge ...
In the first half of 2026, the Technology Select Sector SPDR Fund (XLK) led sector gains with a 33% return despite a June pullback due to AI spending concerns and Fed rate hike fears. The Energy sector (XLE) rose 21%, driven by supply disruptions and...
A UBS survey of over 7,500 smartphone users reveals growing iPhone demand in the US and Europe, while interest in China drops to a record low of 15%. This decline in China is concerning as it represents about 20% of Apple's sales and may reflect broa...
UBS analyst David Vogt maintains a Hold rating on Apple stock with a 12-month target price of $296, reflecting mixed signals from a global smartphone user survey. While iPhone purchase intent rose in the U.S., UK, and Germany, demand softened in Chin...
