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Apple set for strongest June-quarter sales growth in 5 years

Apple set for strongest June-quarter sales growth in 5 years

By Aditya Soni July 29 (Reuters) - Apple's decision to hold iPhone prices steady is set to power its strongest June-quarter sales growth in five years, but investors will want to know how long it can resist an increase.

Why Apple Earnings Could Decide Whether AI Assistants Become Device-Native

Why Apple Earnings Could Decide Whether AI Assistants Become Device-Native

Apple's financial results are more than just numbers; they signal the company's ability to fund the expensive shift to powerful, on-device AI.

Meta shares drop as Q2 profit declines due to legal expenses and severance costs

Meta shares drop as Q2 profit declines due to legal expenses and severance costs

Meta Platforms says its second-quarter profit declined even as revenue beat Wall Street’s expectations, as legal expenses and severance costs for recent layoffs weighed on its results

Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate

Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate

July 29 (Reuters) - Qualcomm forecast fourth-quarter profit below Wall Street estimates on Wednesday, and said revenue from Apple products would decline faster than expected as supply constraints and rising costs weighed on its business.

Oil prices jump following fighting with Iran, Wall Street swings after the Fed holds rates steady

Oil prices jump following fighting with Iran, Wall Street swings after the Fed holds rates steady

Oil prices got back to jumping, while the U.S. stock market flipped between losses and small gains after the Federal Reserve opted not to raise interest rates

Oil prices jump following fighting with Iran, while US stocks sink after Fed opts not to raise rates

Oil prices jump following fighting with Iran, while US stocks sink after Fed opts not to raise rates

Oil prices got back to jumping, while sinking technology stocks dragged Wall Street lower amid uncertainty about what the Federal Reserve will do to get high inflation under control

Wall Street ends sharply higher, lifted by soaring Microsoft

Wall Street ends sharply higher, lifted by soaring Microsoft

By Noel Randewich July 30 (Reuters) - Wall Street ended sharply higher on Thursday, with chip stocks jumping and Microsoft soaring after the technology giant gave a stellar forecast that eased fears about massive spending on AI infrastructure.

Nasdaq falls as AI worries mount ahead of pivotal earnings

Nasdaq falls as AI worries mount ahead of pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - The Nasdaq fell on Tuesday, mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition, ahead of earnings from some of the biggest companies on Wall Street.

Apple briefly tops $5 trillion market value for first time

Apple briefly tops $5 trillion market value for first time

July 28 (Reuters) - Apple's market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after Nvidia. Its shares were last up 0.72% at $339.33, giving it a market capitalization of $4.98 trillion.

Nasdaq futures slide as AI worries mount ahead of pivotal earnings

Nasdaq futures slide as AI worries mount ahead of pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - Nasdaq futures fell on Tuesday, mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition, ahead of earnings from some of the biggest companies on Wall

Apple briefly becomes second company ever to notch $5 trillion market value

Apple briefly becomes second company ever to notch $5 trillion market value

July 28 (Reuters) - Apple's market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after Nvidia. Its shares were last up 0.2% at $337.7, giving it a market capitalization of $4.96 trillion.

Nvidia Stock Declines Amid Concerns Over Circular Financing and AI Investments

Nvidia Stock Declines Amid Concerns Over Circular Financing and AI Investments

Nvidia Stock Declines Amid Concerns Over Circular Financing and AI Investments