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Apple set to lose nearly $500 billion in value after weak forecast

Apple set to lose nearly $500 billion in value after weak forecast

By Aditya Soni and Rashika Singh July 31 (Reuters) - Apple shares fell nearly 10% on Friday after a disappointing forecast showed that the iPhone maker was struggling to secure enough components as the AI-driven data center boom strains global supply chains.

Apple slides as supply snags cloud outlook, putting iPhone demand in focus

Apple slides as supply snags cloud outlook, putting iPhone demand in focus

By Rashika Singh and Kanishka Ajmera July 31 (Reuters) - Apple shares dropped 7.3% before the bell on Friday as the tech giant warned that supply constraints would hurt growth, prompting investors to look beyond near-term shortages to gauge the hit from an expected iPhone price hike.

Apple disappoints with forecast dogged by supply chain struggles

Apple disappoints with forecast dogged by supply chain struggles

By Stephen Nellis and Juby Babu SAN FRANCISCO, July 30 (Reuters) - Apple forecast sales for the current quarter ending in September would grow more slowly than Wall Street targeted as the iPhone maker struggled to get the parts it needed to deliver products, and shares fell 5.5% in after-hours trade

Apple revenue forecast lags Wall Street targets as iPhone maker struggles with supply chain

Apple revenue forecast lags Wall Street targets as iPhone maker struggles with supply chain

By Stephen Nellis SAN FRANCISCO, July 30 (Reuters) - Apple forecast sales for the current quarter ending in September would grow more slowly than Wall Street targeted as the iPhone maker struggled to get the parts it needed to deliver products, and shares fell 6% in after-hours trade.

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.

Microsoft says cash will keep flowing from AI, shares rise

Microsoft says cash will keep flowing from AI, shares rise

By Deborah Mary Sophia, Stephen Nellis and Aditya Soni July 29 (Reuters) - Microsoft on Wednesday said it expects to keep generating cash through its just-started fiscal 2027 and gave a capital expenditure forecast below Wall Street estimates after an accounting change for data center leases.

Microsoft set for record one-day market cap gain after upbeat Azure forecast

Microsoft set for record one-day market cap gain after upbeat Azure forecast

July 30 (Reuters) - Microsoft's shares soared more than 16% on Thursday, putting the company on track for a record one-day gain in market value after it said it expects to keep generating cash through its new fiscal year and forecast cloud growth above Wall Street expectations.

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.

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.

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.

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.

S&P 500, Nasdaq set for subdued open ahead of Fed decision; chip stocks wobble

S&P 500, Nasdaq set for subdued open ahead of Fed decision; chip stocks wobble

By Johann M Cherian and Ragini Mathur July 29 (Reuters) - The S&P 500 and the Nasdaq were set for a subdued opening on Wednesday as investors awaited the Federal Reserve's monetary policy verdict against a backdrop of simmering Middle East tensions, while chip stocks struggled ahead of Big Tech