Midday movers: Apple, Netflix and more

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Apple (AAPL) market cap to hit $4 trillion by end of 2024 claims Wedbush analyst

December 20, 2023 8:46 AM EST

Apple (NASDAQ: AAPL) will be the first $4 trillion market cap company by the end of 2024. That's according to Wedbush analyst Daniel Ives, who made the claim in a note to clients Wednesday.

Wedbush's view is based on the pace of growth and monetization the firm estimates for Apple over the... More

Deutsche Bank comments on Nio's (NIO) recent $2.2B investment deal

December 18, 2023 2:25 PM EST

Deutsche Bank reiterated a Buy rating on Nio Inc. (NYSE: NIO) Monday, with a 12-month price target of $11.00, after the Chinese electric automaker announced a $2.2 Billion investment deal with Abu Dhabi's CYVN Holdings.

Our initial view is this move eliminates the near-term overhang around capital runway given sheer size of the deal. Wrote Deutsche Bank analysts in a... More

Apple (AAPL) to halt US sales of Watch Series 9 and Watch Ultra 2 this week - 9to5Mac

December 18, 2023 9:58 AM EST

Apple (NASDAQ: AAPL) is halting sales of its flagship Apple Watch models in the United States following an International Trade Commission (ITC) ruling in a patent dispute with medical technology company Masimo, according to 9to5Mac, which quoted a statement from the tech giant.

According to the publication, the Apple Watch Series 9 and Apple Watch Ultra 2 will no longer be available to... More

Nio (NIO) signs investment deal with Abu Dhabi’s CYVN Holdings

December 18, 2023 9:45 AM EST

Chinese electric automaker, Nio (NYSE: NIO) announced Monday that they have signed a $2.2 billion investment agreement with Abu Dhabi-based CYVN Holdings.

The deal , which is set to be finalized in the last week of December, will raise CYVN's stake to 20.1% of Nio's overall... More