Steve Eisman: Big tech dominance to continue, predicts Trump victory

Goldman Sachs Takeaways from Meeting with NVIDIA (NVDA) Management, 'we expect positive EPS revisions to support continued outperformance'

Goldman Sachs analyst Toshiya Hari reiterated a Conviction Buy rating and $135.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "Evolution in Gen AI models: discussing how Gen AI models could evolve over the medium- to long-term, Ms. Kress shared Nvidia's expectations for there to be a blend of a) models that exceed today's existing models in complexity (e.g. few trillion parameter models) as the industry increasingly transitions to multi-modal models that require audio- and/or video-based Training and Inference in... More

Morgan Stanley Elevates Apple (AAPL) to Top Pick

Morgan Stanley analyst Erik Woodring reiterated an Overweight rating and $273.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "Apple Intelligence is a clear catalyst for a multi-year product upgrade cycle; Elevating Apple to Top Pick with new $273 PT (up from $216). As we noted in our June 10th post-WWDC report, we have high conviction that the launch, and limited backwards compatibility, of Apple Intelligence can... More

These are the two most important factors to consider for Apple investors: Bernstein

Bernstein analysts have outlined two crucial factors for Apple (NASDAQ: AAPL) investors to consider, emphasizing the fallacy of attributing iPhone unit sales to market share shifts from Android vendors.

According to the investment firm, most iPhone buyers are upgraders within Apple's installed base rather than switchers from Android. This means that iPhone sales are primarily driven by Apple's upgrade rate rather than competitive dynamics with Android.

Bernstein's note highlights that strong iPhone sales cycles lead to higher upgrade rates, creating the illusion of market share gains. Conversely, weak... More

Apple shares climb on report Foxconn factories ramp-up hiring ahead of iPhone 16 launch

Shares of Apple (NASDAQ: AAPL) have been given a boost Friday after a report from the South China Morning Post said manufacturer Foxconn is increasing hiring in the world's largest iPhone plant in Zhengzhou, capital of central Henan province.

The hiring increase is said to come as Apple prepares for the launch of its next-generation handset this autumn.

The publication said, citing recruitment posts published by the company this week, that for returning... More

India antitrust investigation says Apple exploited position in apps market - Reuters

An investigation by India's antitrust body has found that Apple (NASDAQ: AAPL) exploited its dominant position in the app store market on its iOS operating system, engaging in "abusive conduct and practices," according to a confidential report seen by Reuters.

The publication said the Competition Commission of India (CCI) has been investigating Apple since 2021 for potentially abusing its dominant position. The investigation focuses on Apple's alleged forcing of... More