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Apple shares rise after positive sales outlook signals iPhone recovery

Economic Times

Economic Times · 5m ago

Apple shares rise after positive sales outlook signals iPhone recovery

Apple shares rose post-market after projecting better-than-expected sales, signaling a potential iPhone recovery bolstered by new AI features. Higher-than-anticipated sales of iPads and Macs, due to innovative chips, helped offset weaker iPhone and China revenues last quarter. CEO Tim Cook highlighted that AI features enhance product appeal, noting plans for broader language support. Despite cautious AI rollouts, strong services and ecosystem growth counterbalance iPhone challenges, particularly in China. Sales across services and hardware largely surpassed Wall Street estimates.

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Micron revenue forecasts strong recovery, shares jump

Economic Times

Economic Times · 1y ago

Micron revenue forecasts strong recovery, shares jump

Shares of Micron jumped as the company forecasted a strong recovery in revenue. The tech company cited increased demand for memory chips as a key driver for the positive outlook. This news comes as a relief for investors, as the memory chip industry had been facing challenges due to the pandemic and trade tensions.

Ola Electric shares climb 9% today; is this EV stock a short-term buy?

Business Today

Business Today · 3m ago

Ola Electric shares climb 9% today; is this EV stock a short-term buy?

Shares of Ola Electric climbed 8% after the company clarified that a temporary sales backlog in February was due to ongoing negotiations with vendors responsible for vehicle registrations. This update has driven a positive rebound in the share price, suggesting the resolution of issues impacting sales and potentially presenting the EV stock as a short-term buying opportunity for investors looking to capitalize on the company's recovery and market dynamics.

Qualcomm chip sales to Chinese smartphone makers fuel strong results

Economic Times

Economic Times · 8m ago

Qualcomm chip sales to Chinese smartphone makers fuel strong results

Qualcomm has forecasted sales and profit for the current quarter that exceed Wall Street estimates. The company is benefiting from the launch of flagship Chinese smartphones, resulting in a surge in its shares. Qualcomm is the leading supplier of smartphone chips and is capitalizing on the recovery in smartphone markets. While the company's outlook surpasses expectations, there is uncertainty regarding the future revenue stream from Apple as they develop their own modem chips. Qualcomm's efforts to expand into laptops and AI in data centers may need to accelerate to offset any declines in Apple revenue. Additionally, Qualcomm has signed a new licensing agreement with Shenzhen Transsion Holdings and is embroiled in a legal dispute with Arm.

Apple narrowly beats estimates with boost from iPhone sales

Economic Times

Economic Times · 8m ago

Apple narrowly beats estimates with boost from iPhone sales

Apple reported quarterly revenue of $94.9 billion, slightly surpassing analysts' expectations. The boost in sales came from strong iPhone sales, although there was weakness in revenue from greater China. The company also faced a back-tax charge of $10.2 billion related to a ruling by the EU Court of Justice. Apple's services segment, including Apple Music, iCloud, and the App Store, achieved a new all-time high with revenue of $25 billion. The company's shares were down two percent in after-hours trading following the announcement.

Nvidia closes with $2 trillion valuation as Dell stokes AI rally

Economic Times

Economic Times · 1y ago

Nvidia closes with $2 trillion valuation as Dell stokes AI rally

Nvidia achieved a milestone as its stock market value closed above $2 trillion for the first time on Friday. The surge was fueled by an optimistic forecast from Dell Technologies, which uses Nvidia's processors in its high-end servers. Dell's positive outlook, indicating a surge in orders for its AI-optimized servers, caused its shares to jump by 32% and Nvidia's stock to rise by 4%. This elevated Nvidia to become the third most valuable company on Wall Street, behind Microsoft and Apple. Other chipmakers, including Super Micro Computer, Broadcom, Marvell Technology, and Advanced Micro Devices, also experienced record-high rallies.

Tata Motors shares down 26% in 6 months; is there a strong uptick ahead?

Business Today

Business Today · 3m ago

Tata Motors shares down 26% in 6 months; is there a strong uptick ahead?

Tata Motors shares have shown recovery from oversold levels and are currently trading higher than some short-term moving averages but lower than the long-term ones. Experts like Dharmesh Kant and Osho Krishan suggest a positive outlook, anticipating the stock to maintain its upward trend. Key technical resistance levels are identified at Rs 760 and Rs 780, with potential price targets ranging from Rs 770 to Rs 800 in the near term, provided the price sustains above Rs 670.

Apple fans are eager for any sign at all of its AI intentions after a rough year

Business Insider

Business Insider · 1y ago

Apple fans are eager for any sign at all of its AI intentions after a rough year

Apple's stock rose over 4% following a report that the company will revamp its Mac lineup with new M4 processors focused on AI. This news comes as Apple faces setbacks, including declining iPhone sales in China and losing its position as the country's top-selling smartphone maker. The company has also faced legal challenges and scrutiny from regulators. Investors are eagerly watching for signals that Apple is making progress in the AI space, as some believe the company is falling behind competitors. Apple's upcoming WWDC event will be closely watched for AI-related announcements.

Ola Electric Stock: HSBC Says Recent Market Share Loss Worrisome But Retains Target Price

Inc42 · 10m ago

Ola Electric Stock: HSBC Says Recent Market Share Loss Worrisome But Retains Target Price

HSBC expressed concerns over Ola Electric's recent market share loss, resulting in a downside risk to its volume projections. The electric scooter company witnessed a 34% decline in registrations in August. However, HSBC maintains a positive outlook on Ola Electric's recovery and maintains a 'buy' rating on the stock.

Smartening up Siri: Apple's upcoming iPhone will break new ground with AI shift

Livemint

Livemint · 10m ago

Smartening up Siri: Apple's upcoming iPhone will break new ground with AI shift

Apple is set to introduce the iPhone 16, a smartphone tailored specifically for artificial intelligence (AI). The new model aims to revamp Apple's virtual assistant Siri and offer customizable emojis in real-time. The company's pivot towards AI is seen as a response to minor upgrades in previous iPhone models, leading to a recent sales slump. By performing most of the AI tasks on the device itself, Apple is positioning itself as a leading player in the consumer AI revolution. The anticipation for the iPhone 16 launch has caused Apple's stock price to rise by 13%.

Billionaire investor Ryan Cohen boosts stake in Alibaba to $1 billion: report

Economic Times

Economic Times · 4m ago

Billionaire investor Ryan Cohen boosts stake in Alibaba to $1 billion: report

Billionaire investor Ryan Cohen has increased his stake in Alibaba Group to approximately $1 billion, equating to about 7 million shares. Cohen had initially invested several hundred million dollars earlier in 2023, urging Alibaba to enhance share buybacks. Recently, Chinese tech stocks, including Alibaba, have surged due to developments like the rise of AI startup DeepSeek and positive signals from President Xi Jinping. Alibaba is set to invest further in e-commerce and AI-driven cloud computing, reporting strong quarterly earnings.

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