Tag AAPL

Apple (AAPL) stock is seeing its best day since May 2023, following an upgrade by Bank of America from “Neutral” to “Buy," raising the analysts' price target to $225 per share. Bank of America Securities Senior IT Hardware Analyst Wamsi Mohan — the analyst behind Apple's new rating — joins Yahoo Finance Live to discuss how Apple is standing out and the reasoning for the call. Mohan sees catalysts, such as generative AI-powered iPhones, services revenue, and the Vision Pro mixed reality headset, as factors that hold "long-term potential" for Apple. Large-language model applications should create what is “initially a software-driven cycle that then morphs into both a hardware and software-driven cycle," Mohan says on AI. Additionally, Mohan notes that due to the quality of iPhone data, generative AI would be well suited to “provide really valuable, targeted advice” to users that would increase productivity and efficiency for the user. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim...

Dow Jones futures were little changed after hours, along with S&P 500 futures and Nasdaq futures. Super Micro Computer jumped overnight on strong preliminary results. The stock market rally rose Thursday, shrugging off rising Treasury yields and fresh Fed comments signaling slower rate cuts...

(Bloomberg) -- Masimo Corp. Chief Executive Officer Joe Kiani, waging a legal fight with Apple Inc. over a blood oxygen feature, said that consumers are better off without the iPhone maker’s version of the technology.Most Read from BloombergBlinken’s Return From Davos Was Delayed After Plane Broke DownApple to Sell Watches Without Oxygen Feature After Legal SetbackPakistan’s Army Strikes Back at Iran as Both Sides Urge CalmDimon Says China Risk-Reward Equation Has ‘Changed Dramatically’Singapore...

Thursday's market action reminds investors that technology earnings will be key to bringing the market out of its January slump...

Self quantification is the trend that just keeps on going. There's an ever-expanding world of wellness wearables and fitness trackers targeting consumers with shiny promises of the personal value to be had if they monitor stuff like their heart rate, activity and sleep -- from smart watches, bands and rings, to smart scales, CGMs (continuous glucose monitors) and more. Some of the fitness & wellness devices marketed to consumers have features that claim to be able to detect medical conditions or...

Bank of America analyst Wamsi Mohan says Apple's Vision Pro and potential generative AI capabilities are a growth catalyst for the company's stock...

Apple (AAPL) shares rose Thursday after Bank of America upgraded the tech company to "Buy." Analysts led by Wamsi Mohan raised their price target on the stock to $225 per share, implying a more than 20% upside from Wednesday's closing price.  Bank of America sees the upcoming launch of the Vision Pro as a catalyst for the stock. In a note to clients, the team wrote it expects a "stronger multi-year iPhone upgrade cycle driven by need for the latest hardware to enable Generative AI features to be introduced in 2024/2025." Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest analyst call on Apple. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino...

Bank of America analyst Wamsi Mohan upgraded the stock to Buy from Neutral, saying expectations for earnings should head higher...

Apple has several things that should drive their revenues and earnings higher than the cautious estimates. Learn more about AAPL stock here...

Taiwan Semiconductor Manufacturing Company (TSM) — or TSMC — shares are rising at the market open after it reported that its revenue will be increasing up to 20% year-over-year.  Regional banks are continuing to decline as banks' net interest income drops. Discover Financial Services (DFS) is a standout as the company's net interest income is down 62% year-over-year. Compliance issues and shake-ups in the C-suite continue to weigh heavily on the company. Yahoo Finance Reporter Madison Mills reports live from the New York Stock Exchange to break down the latest developments for these companies. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino...