Midday movers: Microsoft, AMD, Boeing, and more

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Apple remains top tech pick, iPhone China demise narrative 'a great fictional story' - Wedbush

December 29, 2023 9:10 AM EST

Wedbush analyst Daniel Ives said in a note to clients covering the tech sector on Friday that Apple (NASDAQ: AAPL) remains its Top Tech Pick.

Ives claims in the note that the "'iPhone China demise narrative' was a great fictional... More

Boeing (BA) urges inspections of newer 737 MAX aircraft for possible loose bolt

December 28, 2023 12:09 PM EST

Plane manufacturing giant Boeing (NYSE: BA) has urged airlines to inspect more recent 737 MAX aircraft for a possible loose bolt in the rudder control system, the Federal Aviation Administration (FAA) said.

Under consultation with the FAA, Boeing is said to have issued a... More

Microsoft's (MSFT) 'iPhone moment' is here declares Wedbush analyst

December 28, 2023 8:41 AM EST

(Updated - December 28, 2023 9:55 AM EST)

Wedbush raised its price target for tech giant Microsoft (NASDAQ: MSFT) to $450 from $425 in a note to clients Thursday, maintaining its Outperform rating on the stock. Analyst Daniel Ives declared in his note that Microsoft's "'iPhone moment' is here."

Wedbush, which sees Microsoft as one of the best ideas for 2024, said the iPhone moment is based on the fact that artificial intelligence (AI) monetization is set to change the... More