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Apple CEO Tim Cook didn't give much away about the company's AI plans on Thursday's Q2 earnings call with investors, but he did confirm a few tidbits about how the tech giant plans to move forward with artificial intelligence. Notably, his comments suggested that despite spending more than $100 billion on R&D over the last five years, Apple isn't planning to spin up too many new data centers to run or train AI models. Instead, when it comes to AI, it will continue to pursue a "hybrid" approach,...
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Apple ended the quarter with $58 billion in net cash and announced a $110 billion share repurchase. See why I reiterate a buy rating for AAPL stock...
Continue ReadingEquities Climb Intraday Amid Apple Rally as Traders Parse Jobs Data...
Continue ReadingEven by Elon Musk’s mercurial standards, this has been quite a week. On Sunday, it seemed as though the maverick billionaire boss of Tesla, SpaceX.....
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Tesla (TSLA) stock soared last week, seeing its biggest one-day gain of 2024 after the company announced it would accelerate the launch of a more affordable vehicle. But not everyone is bullish on Tesla. Bireme Capital Co-founder and Chief Investment Officer Evan Tindell joins Catalysts to talk about why he has taken a short position on the electric vehicle pioneer. "We could easily see Tesla dropping 50%," he explains, citing the loss of market share as electric vehicle competition heats up among auto manufacturers. He also points to self-driving capabilities and robotaxi promises that continue to be pushed off by CEO Elon Musk have soured his outlook on Tesla stock. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl...
Continue ReadingApple — and investors — are looking to artificial intelligence to breathe new life into its offerings, particularly as iPhone sales continue to sputter...
Continue ReadingApple stock rallied in afternoon trading, after results narrowly beat estimates and the company touted a new $110 billion buyback program. Apple also signaled sales are likely to grow this quarter, when it reported earnings late Thursday...
Continue ReadingApple Reports Fiscal Q2 Beat as iPhone Demand Turns Corner, Wedbush Says...
Continue ReadingThe stock market rallied this week, with the Nasdaq regaining its 50-day on a semi-dovish Fed, a tame jobs report and a huge Apple buyback...
Continue ReadingTraders have pulled forward their expectations for the first interest rate cuts in the US as the economy added fewer jobs than expected...
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