APPLE SHARES
Wall Street ends slightly up, trade choppy ahead of inflation data
Strategic investments like Volkswagen's $5 billion in Rivian signal a shift towards sustainable energy. The market anticipates further developments in the electric vehicle sector. Investors carefully analyze such moves, impacting stock performances and sector trends. The market remains dynamic, responding to key catalysts and economic indicators for future insights.
Amazon hits $2 trillion in valuation on AI fervor, rate cut bets
The stock climbed 3.4% to $192.70, pushing the e-commerce giant’s market value past $2 trillion. This elevation places it alongside technology giants like Microsoft Corp, Apple Inc, Nvidia Corp, and Alphabet in the elite $2 trillion club.
Nvidia’s 591,078% rally to most valuable stock came in waves
Nvidia's remarkable journey from its IPO to becoming the most valuable company is a testament to its strategic vision, innovative products, and adaptability in emerging markets like AI and data centers.
S&P 500, Nasdaq hit record closing highs ahead of data, Fed comments
The S&P 500 and Nasdaq hit record highs fueled by technology shares and AI enthusiasm ahead of economic data and Fed speeches.
Apple beats Microsoft to return as world's most valuable company
In the previous session, Apple shares soared to an all-time high following the unveiling of a range of AI-enabled features and software enhancements for its devices. Analysts believe these innovations will drive increased iPhone sales.
Apple shares rally to record high as new AI features promise sales boost
At its annual developer event that kicked off on Monday, Apple unveiled an improved Siri virtual assistant that can answer a wider range of queries and accomplish more complicated tasks than earlier, and several AI features across its apps that will be shipped with the latest operating systems for iPhones, iPads and Mac computers.
Apple rises over 3%, hits first record this year on hopes AI will fuel upgrades
The record high followed Apple's annual Worldwide Developers Conference, where the company unveiled several AI-related features and announced a partnership with ChatGPT maker OpenAI. The event highlighted a clear AI strategy, addressing investor concerns about Apple's position in the AI-driven growth seen across Big Tech.
Tesla's Elon Musk shares viral 'Coconut Water' meme to mock Apple's ChatGPT integration
Tesla CEO Elon Musk criticized Apple's integration of OpenAI's ChatGPT via a meme on X, raising data privacy concerns. The meme suggested Apple's partnership might lead to data sharing issues. Musk reiterated his stance, threatening to ban Apple devices from his companies if the integration proceeds, and questioned Apple's ability to ensure data security.
Big tech is driving the S&P rally. The rest have to step up soon
Tech stocks face diverging performances as Nvidia leads the pack, while Apple struggles, causing a profit cool down and an emerging asymmetry among Big Tech stocks, affecting the overall earnings potential in 2024.
Nvidia hitting $3 trillion propels Jensen Huang’s wealth above Michael Dell’s
On Friday, Huang reached another milestone, surpassing personal computer pioneer Michael Dell to become the world's 13th-richest person with a net worth of $106.1 billion, according to the Bloomberg Billionaires Index. His wealth has increased by more than $62 billion this year, driven by the insatiable demand for Nvidia chips used in artificial intelligence tasks.
India smartwatch shipments stagnates in Jan-Mar quarter, Apple Watch grows 3 times
Smartwatch shipments in the Indian market stagnated for the first time in the January-March quarter, with top players Fire Boltt, Noise, and Boat experiencing declines in market share. Despite a 15 per cent YoY dip in shipments, Fire Boltt maintained leadership with 28 per cent market share, while Noise remained at 24 per cent and Boat dropped to 15 per cent. Apple Watch shipments grew significantly in the premium segment, with overall market growth expected to decline in 2024.
Will Apple's folding iPhone create havoc in market? Expectations of tech geeks raised high. Details here
Apple iPhone has been leading the world market for a significantly long time, with the iPhone 15 being one of the bestsellers in the global market in the previous years. However, the folding iPhone is expected to break all records, according to research companies.
GameStop soars over 70% as 'Roaring Kitty' reveals $116 million bet in Reddit post
GameStop shares surged more than 70% premarket on Monday after "Roaring Kitty" Keith Gill, the stocks influencer behind the 2021 retail trading frenzy, returned to Reddit with a post showing a $116 million bet on the embattled videogame retailer.
AI darling Nvidia's market value surges closer to Apple
Nvidia's shares surged 6% to a record high, nearing Apple's market value of $2.9 trillion. The AI chipmaker's stock hit $1,128, up 8% during the session, driven by strong second-quarter revenue forecasts and a stock split.
Nasdaq closes above 17,000; S&P 500 slightly higher, Dow down
Nasdaq crossed 17,000 for the first time boosted by Nvidia, while S&P 500 closed higher and Dow lower as Treasury yields rose.
Nvidia adds over $200 billion in market value in post-earnings rally
Nvidia's shares surged over 9% on Thursday, adding $218 billion in market value, the second-largest single-day gain in history on Wall Street, fueled by a bumper revenue forecast reinforcing investor confidence in the AI-driven chip demand boom.
Berkshire reveals $6.72 billion Chubb stake, insurer's shares rise
Berkshire owned 25.92 million Chubb shares as of March 31, according to a regulatory filing detailing Berkshire's U.S.-listed holdings as of that date.
Japan's Nikkei closes at 3-week high on US rate-cut outlook, tech boost
U.S. stocks injected fresh momentum as markets priced in a higher chance of the Federal Reserve cutting interest rates this year. A U.S. jobs report on Friday showing growth slowed more than expected in April further fuelled buying.
Apple shares jump 7% as record buyback, sales growth forecast lure investors
Apple shares jumped nearly 7% on Friday as the iPhone maker's record stock buyback plan and promise of sales growth brought back investors who have shunned the stock on concerns over weak demand and increased competition in China.
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