375 stories mentioning Apple Inc.Updated 3d ago
Apple edged higher premarket among Wallstreetbets favorites as the Nasdaq Composite pulled back to a five-week low amid a broad tech selloff.
Tech stocks were higher Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) increasing 0.5% and the State Street SPDR S&P Semiconductor ETF (XSD) rising 1.6%.The Philadelphia Semiconductor index climbed 1.8%.In corporate news, Apple (AAPL) said Wednesday that Broadcom (AVGO) will produce chips to be used in Apple's products in a deal likely worth more than $30 billion. Apple shares rose 0.8%, and Broadcom jumped 6.2%.
All three major US stock indexes were down in late-morning trading Wednesday, as hostilities re-escalated in the Middle East, sending oil prices surging and raising the risk of a return to all-out war between the US and Iran.President Donald Trump said the US may attack Iran again on Wednesday, Bloomberg reported. The US military had struck Iranian targets in response to Iran's attacks on three commercial ships transiting the Strait of Hormuz, which elicited retaliation on US military sites in Bahrain and Kuwait. President Donald Trump said the ceasefire with Iran was "over" during a news conference at a NATO summit in Ankara, Turkey.In company news, Apple (AAPL) said Wednesday that Broadcom (AVGO) will produce chips to be used in its products in a deal likely worth more than $30 billion. Broadcom will manufacture more than 15 billion chips in the US, Apple said. The deal will allow Broadcom to invest $1.5 billion to expand its manufacturing facilities in Fort Collins, Colorado. Apple shares were marginally lower, while Broadcom shares were up 4.1% around midday.Jeff Bezos' Blue Origin is raising about $10 billion in its first external funding round, valuing the rocket company at about $130 billion, multiple news outlets reported on Wednesday. The reports said Bezos is expected to invest $2 billion, while Coatue Management plans to contribute about $4 billion. The remaining $4 billion has attracted strong investor demand and is expected to come from several major investors, CNBC reported.Amazon.com-backed (AMZN) Anthropic's Claude Code was flagged by China's National Vulnerability Database over an alleged security "backdoor" risk in versions 2.1.91 through 2.1.196, Reuters reported Wednesday. The agency advised users to uninstall the affected versions or upgrade to the latest release and urged organizations to strengthen network monitoring to help prevent unauthorized data transfers, the report said. Reuters noted that Alibaba (BABA) had recently banned employees from using Claude Code at work after the tool came under scrutiny for features that could identify China-linked users. Amazon shares were down 2.1%.Microsoft (MSFT)-backed OpenAI will launch its latest GPT-5.6 artificial intelligence model on Thursday, the company said in a post on X late Tuesday. OpenAI said it is set to release its flagship Sol model, along with Terra, a balanced model for everyday work, and Luna, a fast and affordable model. Microsoft shares were down 1.7%.Apple has lost a major court battle in the EU, which paves the way for regulators to apply the bloc's toughest antitrust rules to the App Store and iOS, the EU General Court said Wednesday. The court dismissed all actions brought by Apple, confirming its designation as a "gatekeeper" under the Digital Markets Act for the App Store and iOS.Price: $309.98, Change: $-0.69, Percent Change: -0.22%
Apple (AAPL) said Wednesday that Broadcom (AVGO) will produce chips to be used in the iPhone maker' products in a deal likely worth more than $30 billion.Earlier in the week, Broadcom announced an expanded collaboration to develop custom microchips for Apple, but didn't disclose the financial terms.Broadcom will manufacture more than 15 billion chips in the US, Apple said. The deal will allow Broadcom to invest $1.5 billion to expand its manufacturing facilities in Fort Collins, Colorado."Apple and Broadcom have a long history together, and this new phase of our partnership further accelerates our commitment to American manufacturing and innovation," Apple Chief Executive Tim Cook said in a statement.Shares of Apple edged down 0.4% in Wednesday trade, while Broadcom rose 1.9%."With Apple's newest commitment, we're pleased to expand our manufacturing footprint in Fort Collins," Broadcom CEO Hock Tan said.In 2025, Apple boosted its US-centric capital expenditure plan to $600 billion over a four-year period.Last month, President Donald Trump announced that Apple had agreed to work with Intel (INTC) to design and build chips in the US.In April, Broadcom announced its expanded collaboration with Meta Platforms (META) to support the Facebook parent's artificial intelligence compute infrastructure. The same month, the chipmaker clinched a deal to produce AI chips for Alphabet's (GOOG, GOOGL) Google and expanded its collaboration with Amazon-backed (AMZN) AI startup Anthropic.
(Updates with market moves at the end of the day.)The Dow Jones Industrial Average rose to a record in a mixed Thursday session as Wall Street locked in gains for the holiday-shortened trading week despite volatility in the technology sector.The Dow gained 1.1% to 52,900.1. The Nasdaq Composite fell 0.8% to 25,832.7, and the S&P 500 was little changed at 7,482.7. Most sectors gained, led by healthcare, while technology posted the steepest decline.US markets will be closed Friday in observance of the Independence Day holiday, which falls on a Saturday this year.This week, the Nasdaq rose 2.1%, the Dow gained 2%, and the S&P 500 climbed 1.8%.In the tech sector, Cisco Systems (CSCO) shares fell 3.7% on Thursday, the biggest drop on the Dow, while Nvidia (NVDA) shed 1.4%, the third-largest decline on the index. Sandisk (SNDK) slumped 14%, the sharpest loss on the S&P.Tesla (TSLA) shares slid 7.5% even as second-quarter deliveries beat Wall Street's expectations. The electric-vehicle maker didn't provide any updates on key topics, including progress on its AI projects, Truist Securities said in a note.Apple (AAPL) shares rose 4.8%, the biggest gain on the Dow. The tech giant plans to launch five new iPhone models to gain market share despite a memory shortage that is driving up prices for consumers, Nikkei Asia reported.In economic news, the US economy added 57,000 nonfarm jobs in June, representing the weakest tally since February, official data showed Thursday. The consensus was for a 113,000 increase in a Bloomberg survey. Economists said downward revisions to payrolls growth in the previous two months has clouded a recent revival in the labor market.The unemployment rate eased to 4.2% from 4.3%, matching projections.The latest jobs report is unlikely to force the Federal Reserve to make a change in monetary policy immediately, as the pace of growth is "plenty strong enough to maintain a steady unemployment rate," Jefferies said in a note.On Wednesday, new Fed Chair Kevin Warsh suggested the central bank may be headed for another policy pause as inflation risks have eased.US Treasury yields were little changed with the two-year yield at 4.18% and the 10-year yield at 4.49%.West Texas Intermediate crude oil was down 0.2% at $68.47 a barrel in late-afternoon trading, while Brent was little changed at $71.59."Brent extended its slide towards $70 and pre-war levels (this week) as flows through the Strait of Hormuz continued to recover, while signs of progress in indirect US-Iran talks further eased supply concerns," Saxo Bank said in a report.Gold was last seen up 1.3% at $4,133.50 per troy ounce, while silver gained 1.4% to $61.34 per ounce.
(Updates with index/price moves, macroeconomic data, and company news from the first paragraph.)US equity indexes traded mixed as the economy added the fewest jobs since February, triggering a rotation out of high-growth and into defensives and old-economy sectors.The Nasdaq Composite dropped 0.8% to 25,832.67, while the S&P 500 was unchanged at 7,483.24 on Thursday, the last trading day of the week, on account of the Independence Day public holiday on Friday. The Dow Jones Industrial Average remained 1.1% higher at 52,900.07 after hitting a new all-time peak earlier in the session.Communication services, technology, and consumer discretionary were the sole decliners. Healthcare, consumer staples, and utilities led the gainers.The June employment report showed nonfarm payrolls rose by 57,000, according to the Bureau of Labor Statistics, below the 113,000 increase expected in a Bloomberg-compiled survey. May payrolls were revised downward to a 129,000 gain, and April payrolls were revised down to a 148,000 expansion, for a net downward revision of 74,000 jobs.Hourly earnings increased by 0.35%, compared with the 0.3% gain expected, and following a 0.27% gain in May. Hourly earnings were up 3.5% year-over-year.Meanwhile, Atlanta Federal Reserve's gross domestic product 'Nowcast' estimate came in at 1.2% growth in Q2, versus the previous 2.5% forecast.US initial jobless claims fell to 215,000 in the week ended June 27 from an upwardly revised 216,000 level in the previous week, compared with expectations for an increase to 218,000 in a survey of analysts compiled by Bloomberg.US Treasury yields were mixed, with shorter maturities declining and mid- to long-term maturities rising. The two-year fell 2.7 basis points to 4.14% while the 10-year yield rose one basis point to 4.49%.In geopolitical news, the Doha discussions between the US and Iran produced "positive progress" on issues related to the memorandum that halted the war in June and were "building on the outcomes" from the Switzerland summit, a Qatar Foreign Ministry spokesperson said in a post on X, formerly Twitter, according to Reuters.Negotiators spent two days discussing maritime traffic in the Strait of Hormuz and unfreezing Iran's funds, two critical issues under the initial deal, sources familiar with the discussions told Reuters. Iran issued a fresh warning for vessels to follow Tehran-designated routes through the Strait of Hormuz, CNN reported Thursday.The front-month global oil benchmark North Sea Brent was little changed at $71.58 per barrel, while the US West Texas Intermediate slipped 0.2% to $68.48 per barrel.In company news, Tesla's (TSLA) shares slumped 8.2% even as the company's Q2 deliveries beat market expectations, while Truist Securities said the electric vehicle maker failed to provide any updates on key topics.Apple (AAPL) plans to launch five new iPhone models to gain market share despite a memory shortage that is driving up prices, Nikkei Asia reported Thursday, citing sources familiar with the matter. Shares jumped 4.8%, the Dow's top gainer.
US equity indexes were mixed Thursday after nonfarm payrolls data showed a decline in new jobs.* The June employment report showed nonfarm payrolls rose by 57,000, according to the Bureau of Labor Statistics, below the 113,000 jump expected in a Bloomberg-compiled survey. May payrolls were revised downward to a 129,000 gain, and April payrolls were revised down to a 148,000 expansion* The Atlanta Federal Reserve's gross domestic product 'Nowcast' estimate came in at 1.2% growth in Q2, versus the previous 2.5% forecast.* August West Texas Intermediate crude oil fell $0.14 to settle at $68.44 per barrel, while August Brent crude, the global benchmark, was last seen up $0.03 at $71.60.* Apple (AAPL) plans to launch five new iPhone models despite a memory shortage that is driving up prices, Nikkei Asia reported Thursday. Shares of the company were up about 4.8%, the top gainer on the Dow.* Tesla's (TSLA) shares were down about 7.5%, among the steepest decliners on the Nasdaq, even after the company's Q2 deliveries beat market expectations, while Truist Securities said the electric vehicle maker failed to provide any updates on key topics.
Tech stocks were lower late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 3.3% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 8%.The Philadelphia Semiconductor index slumped 6.6%.In corporate news, Apple (AAPL) plans to launch five new iPhone models to gain market share despite a memory shortage that is driving up prices, Nikkei Asia reported. Apple shares rose 4.5%.Nvidia (NVDA) said it is expanding access to its AI infrastructure by introducing a revenue-sharing model that grants token credits to developers in exchange for a portion of the recurring earnings from the cloud networks. Its shares fell 2.4%.Microsoft (MSFT) is combining the consumer and enterprise versions of its Copilot AI chatbots into a single application in an effort to better compete with Anthropic's Claude and OpenAI's ChatGPT, The Information reported. Separately, Microsoft said Thursday it is launching Microsoft Frontier, a new operating business to provide frontier transformation services using AI. The company said it is investing $2.5 billion in Microsoft Frontier and embedding 6,000 employees at clients to co-design and deploy AI systems. Microsoft shares added 1.9%.Alphabet (GOOGL) and its Google unit are facing a fine of about 4.13 billion euros ($4.71 billion) after the Court of Justice of the EU dismissed their appeal and upheld an earlier court ruling that found Google Search in violation of competition laws, according to a Thursday statement. Alphabet shares were down 0.6%.
Tech stocks were lower late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 3.1% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 7.3%.The Philadelphia Semiconductor index slumped 6.5%.In corporate news, Apple (AAPL) plans to launch five new iPhone models to gain market share despite a memory shortage that is driving up prices, Nikkei Asia reported. Apple shares rose 4.4%.
US benchmark equity indexes were mixed intraday as traders assessed the latest jobs report.The Nasdaq Composite was down 1.4% at 25,687.5 after midday Thursday, while the S&P 500 fell 0.6% to 7,439.8. The Dow Jones Industrial Average rose 0.4% to 52,529.7. Among sectors, technology saw the steepest decline, while healthcare paced the gainers.Cisco Systems (CSCO) shares were down 4.2%, the worst performer on the Dow, while Nvidia (NVDA) was among the steepest decliners on the index.US markets will be closed Friday in observance of the Independence Day holiday, which falls on a Saturday this year.The US economy added 57,000 nonfarm jobs in June, representing the weakest tally since February, official data showed Thursday. The consensus was for an 113,000 increase in a Bloomberg-compiled survey. Economists said downward revisions to payrolls growth in the previous two months has clouded a recent revival in the labor market.The unemployment rate ticked down to 4.2% from 4.3%, which was Wall Street's projection.The latest jobs report is unlikely to force the Federal Reserve to make a change in monetary policy immediately, as the pace of growth is "plenty strong enough to maintain a steady unemployment rate," Jefferies said in a note.On Wednesday, new Fed Chair Kevin Warsh suggested the central bank may be headed for another policy pause as inflation risks have eased.US Treasury yields were mixed intraday Thursday, with the two-year yield down four basis points at 4.14% and the 10-year yield little changed at 4.49%.In company news, Tesla (TSLA) shares slumped 8.3% even as the company's second-quarter deliveries beat the Street's expectations. The electric vehicle maker didn't provide any updates on key topics, including progress in its artificial intelligence projects, Truist Securities said in a note.Apple (AAPL) shares rose 4.6%, the best performer on the Dow. The tech giant plans to launch five new iPhone models to gain market share despite a memory shortage that is driving up prices for consumers, Nikkei Asia reported, citing unnamed sources.West Texas Intermediate crude oil was down 0.4% at $68.28 a barrel intraday, while Brent fell 0.3% to $71.36."Brent extended its slide towards $70 and pre-war levels as flows through the Strait of Hormuz continued to recover, while signs of progress in indirect US-Iran talks further eased supply concerns," Saxo Bank said in a report.Gold was up 1.1% at $4,127.50 per troy ounce, while silver gained 1% to $61.16 per ounce.
(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes traded mixed as the economy added the fewest jobs since February, triggering a rotation out of high-growth sectors and into defensives.The Nasdaq Composite dropped 1.4% to 25,681.1, and the S&P 500 declined 0.6% to 7,441.9 after midday Thursday. The Dow Jones Industrial Average bucked the trend, remaining 0.6% higher at 52,752.5 after hitting a new all-time peak earlier in the session.Communication services, technology, and consumer discretionary were the steepest decliners. Healthcare, consumer staples, and utilities led the gainers.The June employment report showed nonfarm payrolls rose by 57,000, according to the Bureau of Labor Statistics, below the 113,000 jump expected in a Bloomberg-compiled survey. May payrolls were revised downward to a 129,000 gain, and April payrolls were revised down to a 148,000 expansion, for a net downward revision of 74,000 jobs.Hourly earnings increased by 0.35%, compared with the 0.3% gain expected, and following a 0.27% gain in May. Hourly earnings were up 3.5% year-over-year.Meanwhile, Atlanta Federal Reserve's gross domestic product 'Nowcast' estimate came in at 1.2% growth in Q2, versus the previous 2.5% forecast.The probability of the Federal Reserve staying on a policy hold in September jumped to 46% on Thursday afternoon from 36% a day ago, according to the CME FedWatch tool. The likelihood that the Fed pause will extend into October and December also increased.Most US Treasury yields fell, with the two-year down 3.5 basis points to 4.13%."The US job market stumbled in June and wasn't quite as solid as previously believed over the prior two months," Derek Holt, head of capital markets economics at Scotiabank, said in a note. "The result drove down shorter-term US Treasury yields and reduced OIS contract pricing for hikes, with the September contract now down 10bps from the full hike pricing back on September 22nd."Gold futures advanced 1.2%% to $4,129.7, and silver futures jumped 1.4% to $61.37.In geopolitical news, the Doha discussions between the US and Iran produced "positive progress" on issues related to the memorandum that halted the war in June and were "building on the outcomes" from the Switzerland summit, a Qatar Foreign Ministry spokesperson said in a post on X, formerly Twitter, according to Reuters.Negotiators spent two days discussing maritime traffic in the Strait of Hormuz and unfreezing Iran's funds, two critical issues under the initial deal, sources familiar with the discussions told Reuters. Iran issued a fresh warning for vessels to follow Tehran-designated routes through the Strait of Hormuz, CNN reported Thursday.The front-month global benchmark North Sea Brent declined 0.6% to $71.17 per barrel, and the US West Texas Intermediate fell 0.6% to $68.16 per barrel.In company news, Tesla's (TSLA) shares slumped 7.8% even as the company's Q2 deliveries beat market expectations, while Truist Securities said the electric vehicle maker failed to provide any updates on key topics.Apple (AAPL) plans to launch five new iPhone models to gain market share despite a memory shortage that is driving up prices, Nikkei Asia reported Thursday, citing sources familiar with the matter. Shares jumped 4.7%, the Dow's top gainer.
Tech stocks were lower late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 2.1% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.6%.The Philadelphia Semiconductor index slumped 5.5%.In sector news, technology company Plaid is considering an initial public offering, Bloomberg reported. The company, whose network helps fintech apps connect with customer accounts, has had preliminary talks with banks about a possible IPO, the report said.In corporate news, Apple (AAPL) received a warning from Russia's anti-monopoly watchdog to address alleged discriminatory practices against Russian search engines and software, and failure to remedy the violations by July 15 could result in a fine of up to 4 billion roubles ($51.6 million), Reuters reported. Apple shares were up 1.6%.Meta Platforms (META) is building a cloud infrastructure business to sell access to AI computing power and models, setting up a new area of competition with Amazon (AMZN) Web Services, Microsoft (MSFT) Azure, and Alphabet's (GOOGL) Google Cloud, Bloomberg reported. Meta shares jumped 9%.Sony (SONY) said Wednesday it will shut down the PlayStation Store digital marketplaces for its PlayStation 3 and PlayStation Vita consoles in phases. Sony shares rose 0.7%.Micron Technology (MU) has signed a strategic customer agreement with General Motors (GM) to provide a long-term supply of memory and storage platforms for the automaker's future vehicle production, the companies said Wednesday. Micron shares were falling 8%.
Tech stocks were lower late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 2.1% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.6%.The Philadelphia Semiconductor index slumped 5.5%.In corporate news, Apple (AAPL) received a warning from Russia's anti-monopoly watchdog to address alleged discriminatory practices against Russian search engines and software, and failure to remedy the violations by July 15 could result in a fine of up to 4 billion roubles ($51.6 million), Reuters reported. Apple shares were up 1.8%.
Apple (AAPL) received a warning from Russia's anti-monopoly watchdog to address alleged discriminatory practices against Russian search engines and software, and failure to remedy the violations by July 15 could result in a fine of up to 4 billion roubles ($51.6 million), Reuters reported Wednesday.The company must ensure that Russian software, including search engines and the Max messenger, is pre-installed on its devices, the report said, citing the Federal Antimonopoly Service.Apple did not immediately respond to a request for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $294.81, Change: $+5.44, Percent Change: +1.88%
Apple (AAPL) is seeing robust smartphone demand across the US and Europe, driven by a growing appetite for a potential "foldable" device rather than the company's heavily marketed artificial intelligence features, UBS Securities said in a note Wednesday.A survey by UBS Evidence Lab of more than 7,500 smartphone users found 12-month iPhone purchase intent in the US rose about 300 basis points year-over-year to roughly 20%, while the UK and Germany also posted notable gains.China saw a modest decline, and the "average age" of iPhones in use edged down to about 22.9 months but remained near "survey highs."Apple Intelligence is not "driving upgrade activity," as the share of respondents saying the AI features would prompt an earlier upgrade fell, while those reporting "no impact on their purchasing decision" increased. However, the firm said sentiment toward a potential foldable iPhone remains positive and could become a more meaningful catalyst for demand than AI features, according to the report.UBS maintained its September-quarter and fiscal 2026 iPhone forecasts. The firm has a neutral rating on Apple with a price target of $296.Price: $294.64, Change: $+5.28, Percent Change: +1.82%
(Updates with market moves at the end of the day.)The Dow Jones Industrial Average hit an new all-time high on Tuesday, with major technology stocks advancing, as Wall Street closed out a winning quarter.The Dow rose 0.3% to 52,319.2, logging record closing highs for two consecutive days. The Nasdaq Composite jumped 1.5% to 26,213.7, while the S&P 500 climbed 0.8% to 7,499.36.The Dow posted a quarterly gain of nearly 13%, while the Nasdaq and the S&P 500 advanced 21% and 15%, respectively, on the quarter.The S&P 500 and the Nasdaq notched their best quarter in six years, while the Dow posted its strongest quarterly gain since the fourth quarter of 2022, CNBC reported. The Dow notched its best first-half performance since 2021, CNBC reported.Among sectors, tech paced the gainers Tuesday with a 2.6% jump, while real estate saw the steepest decline.Within tech, chip-related stocks led gains, with Sandisk (SNDK) up nearly 11%, the best performer on the S&P 500. Advanced Micro Devices (AMD), Marvell Technology (MRVL), On Semiconductor (ON) and Intel (INTC) were also notable gainers on the index.Apple (AAPL), Nvidia (NVDA) and Microsoft (MSFT) were among the biggest gainers on the Dow.AeroVironment (AVAV) shares jumped nearly 19% as the drone maker late Monday reported stronger-than-expected fiscal fourth-quarter results and issued an upbeat full-year revenue outlook at the midpoint.Shares of Citigroup (C), Bank of America (BAC), Goldman Sachs (GS) and Morgan Stanley (MS) fell following rating downgrades from Oppenheimer.West Texas Intermediate crude oil was down 0.9% at $70.11 a barrel in Tuesday late-afternoon trade, while Brent slipped 0.3% to $72.92.WTI and Brent were headed for a decline of about 20% for the month of June as oil prices sold off after the US and Iran agreed to a memorandum of understanding to end their war. In May, crude prices tumbled about 17%."Oil prices traded within a relatively tight range near recent lows while remaining on track for their biggest quarterly decline since the pandemic," Saxo Bank said in a report Tuesday.US special envoys Steve Witkoff and Jared Kushner, who are in Doha, will meet Qatari mediators, not Iranian officials, CNN reported, citing Qatar's Foreign Ministry.US Treasury yields were higher, with the 10-year rate up six basis points at 4.44% and the two-year rate rising 3.9 basis point to 4.15%.In economic news, US consumer confidence edged higher in June as falling oil prices amid an extended US-Iran ceasefire eased inflation fears, the Conference Board said.US job openings were little changed in May as hiring fell and separations rose, according to official data that Oxford Economics said likely overstates labor market strength.Gold was last down 0.1% at $4,036.30 per troy ounce, while silver climbed 2.1% to $59.88 per ounce.
Tech stocks advanced late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.8% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 5.5%.The Philadelphia Semiconductor Index climbed 4.2%.In corporate news, the US Supreme Court will hear an appeal by Apple (AAPL) challenging lower court rulings that it willfully defied a 2021 ruling involving developer fees for its app store, according to media reports. Apple shares rose 2.2%.AeroVironment (AVAV) shares surged past 20% after it reported stronger-than-expected fiscal Q4 results and issued an upbeat full-year revenue outlook at the midpoint.Super Micro Computer (SMCI) is cooperating with Taiwanese authorities after investigators searched its Taiwan office as part of a probe into suspected exports of Nvidia (NVDA) AI servers to China in violation of trade restrictions, the Financial Times reported. Super Micro shares rose 4.1%, and Nvidia added 2.1%.Micron Technology (MU) said Tuesday it is investing $250 million into 530A Accounts, also known as Trump Accounts. As part of the investment, Micron said it will match employee contributions up to $1,000 per child under 18 and provide a one-time $250 seed deposit for children with Trump Accounts where it operates in Idaho, New York, Virginia, California, Colorado, Minnesota and Texas. Micron shares rose 1.4%.
Tech stocks advanced Tuesday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.4% and the State Street SPDR S&P Semiconductor ETF (XSD) jumping 4.5%.The Philadelphia Semiconductor index climbed 3.5%.In corporate news, the US Supreme Court will hear an appeal by Apple (AAPL) challenging lower court rulings that it willfully defied a 2021 ruling involving developer fees for its app store, according to media reports. Apple shares rose 2.4%.AeroVironment (AVAV) shares surged 19% after it reported stronger-than-expected fiscal Q4 results and issued an upbeat full-year revenue outlook at the midpoint.Super Micro Computer (SMCI) is cooperating with Taiwanese authorities after investigators searched its Taiwan office as part of a probe into suspected exports of Nvidia (NVDA) AI servers to China in violation of trade restrictions, the Financial Times reported. Super Micro shares rose 5.3%, and Nvidia added 1.7%.
The US Supreme Court said Tuesday it will hear an appeal by Apple (AAPL) challenging lower court rulings that it willfully defied a 2021 ruling involving developer fees for its App Store, according to media reports.Apple didn't immediately reply to a request for comment from.Price: $288.89, Change: $+7.14, Percent Change: +2.54%
Supreme Court Reportedly to Hear Apple Appeal of Epic Case Ruling
Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.9% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 3%.The Philadelphia Semiconductor index gained 3.1%.In corporate news, Rocket Lab (RKLB) agreed to acquire satellite communications provider Iridium Communications (IRDM) in a cash-and-stock deal worth about $8 billion to create a vertically-integrated space company. Rocket Lab shares jumped 14%, and Iridium surged 23%.Sen. Mark Warner (D-Va.) plans to unveil a discussion draft of a bill that seeks to address the rapid rise of AI agents and the impact on the confidentiality of users' private information, The Information reported Monday, citing the draft, which it viewed. The legislation draft also seeks to determine whether massive platforms like Meta Platforms (META) and Alphabet's (GOOGL) Google can throttle other services' agents, the report said. Meta shares were up 2.7%, and Alphabet was rising 4.5%.Apple (AAPL) is seeking White House approval to buy memory chips from CXMT, a blacklisted Chinese firm with alleged ties to the People's Liberation Army, Bloomberg reported Saturday. The company is seeking to reduce costs amid soaring memory chip prices, the report said. Apple shares were down 0.8%.
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