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AAPL

UPDATE 2-Apple’s India iPhone output hits $14 bln, Bloomberg News reports

Apple Inc has assembled $14 billion worth of iPhones in India in fiscal 2024, Bloomberg News reported on Wednesday. Apple now makes as much as 14% or about 1 in 7 of its marquee devices from India, the report said, citing people familiar with the matter. Foxconn assembled nearly 67% while Pegatron Corp made about 17% of the India-made iPhones, the Bloomberg report added...

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AAPL

Apple’s India iPhone output hits $14 billion, Bloomberg News reports

Apple now makes as much as 14% or about 1 in 7 of its marquee devices from India, the report said, citing people familiar with the matter. Foxconn assembled nearly 67% while Pegatron Corp made about 17% of the India-made iPhones, the Bloomberg report added. Wistron Corp's plant in the southern Indian state of Karnataka, which the Tata Group took over last year, made the remaining...

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AAPL MSFT TSLA

ClearBridge Appreciation Strategy Q1 2024 Portfolio Manager Commentary

Although technology and AI remain a dominant part of the market narrative, benchmark performance has broadened significantly in the current rally...

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GOOGL

Veteran analyst delivers blunt warning about Nvidia’s stock

An analyst with 50 years of experience weighs in on Nvidia shares...

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GOOGL

Longtime AI critic Gary Marcus sees a ‘Shakespearean tragedy’ as widespread scraping of copyrighted data comes to light in bombshell report

Six years ago, Marcus warned that AI developers would need so much data they would bend the law to get it. A bombshell New York Times report says that’s exactly what’s happening...

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GOOGL

Nvidia, Fed’s rate outlook, CPI: Tuesday’s Market Takeaways

While Google's (GOOG, GOOGL) newly announced Axion chip based on Arm (ARM) components could give chip giant Nvidia (NVDA) a run for its money, tomorrow's Consumer Price Index (CPI) inflation print is at the top of investors' minds. Yahoo Finance's Madison Mills breaks down the top takeaways from Tuesday's market activity, including bond market volatility and whether markets are pricing in earnings season and potential Federal Reserve interest rate cuts equally. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. Editor's note: This article was written by Luke Carberry Mogan...

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GOOGL

Dow Jones Futures: Stock Market Awaits CPI Inflation; Tesla Rises As Nvidia Falls On Rival AI Chips

The stock market was little changed Tuesday, awaiting the CPI inflation report. Nvidia fell on rival AI chips. Tesla extended gains...

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GOOGL

Two tribal nations sue social media companies over Native youth suicides

Two tribal nations are accusing social media companies of contributing to the disproportionately high rates of suicide among Native American youth. Virtually all U.S. teenagers use social media, and roughly one in six describe their use as “almost constant,” according to the Pew Research Center...

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GOOGL

Google is building its own AI chips—and it’s a warning shot at Nvidia and Intel

The race to make better chips to fuel AI is heating up...

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GOOGL

Google ‘has a lot to prove’ with chip announcement: Strategist

At the Cloud Next conference in Las Vegas, Google (GOOG, GOOGL) and Intel (INTC) each introduced new chips. Google's Axion is a custom Arm-based server chip and Intel's Gaudi 3 is an AI chip designed to take on Nvidia's (NVDA) most popular AI processors. Moor Insights & Strategies founder and CEO Patrick Moorhead joins Market Domination to give insight into the booming chip sector and how these announcements will impact the market. Speaking on Google's announcement and position in AI sector, Moorhead states, "Google has a lot to prove. I don't think anybody is questioning the company's technical competency. In fact, they wrote the groundbreaking research paper on generative AI and I think what people are questioning is, can they extend what they do in consumer search to the generative AI world? And then I think even more difficult, extending it to the commercial market, which is what the conference I'm at right now it is all about and they've had some stumbles. Every major announcement that they've made has come with some baggage." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Nicholas Jacobino...

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