Timely rotations help hedge funds navigate summer volatility: Goldman Sachs
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- Lowe's Cos. (LOW) Tops Q2 EPS by 17c, Misses on Revenue; Offers Fy27 Guidance
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Chinese entities using Amazon and rival cloud services to access high-end US chips - Reuters
August 23, 2024 1:17 PM EDTChinese state-linked entities are increasingly turning to cloud services from Amazon (NASDAQ: AMZN) and its rivals to access advanced U.S. chips and artificial intelligence (AI) capabilities, according to a report from Reuters on Friday.
Due to U.S. export restrictions, these entities cannot directly acquire high-end AI chips, but they can still access these technologies through cloud... More
Meta Platforms (META) cancels high-end mixed reality headset plans - The Information
August 23, 2024 12:49 PM EDTMeta Platforms (NASDAQ: META) has canceled plans for a premium mixed-reality headset aimed at competing with Apple's Vision Pro, according to a report from The Information on Friday.
The publication said the project, internally known as "La Jolla," was halted after a product review meeting involving CEO Mark Zuckerberg and other top executives.
The headset, which began development in... More
Apple (AAPL) iPhone shipments 'stronger than anticipated': analysts
August 22, 2024 10:36 AM EDTApple (NASDAQ: AAPL) is seeing stronger-than-expected iPhone shipments for the September quarter, according to Loop Capital analysts.
In their recent note, Loop Capital's Supply Chain Analyst indicated that iPhone shipments are tracking well above initial forecasts, prompting the firm to reiterate its Buy rating and $300 price target for Apple shares.
The firm's analysis suggests that September quarter iPhone shipments are expected to reach... More
Loop Capital Reiterates Buy Rating on Apple (AAPL)
August 22, 2024 8:52 AM EDTLoop Capital analyst Ananda Baruah reiterated a Buy rating and $300.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "Reiterating our Buy and $300 PT after the work of Loop Capital Supply Chain Analyst John Donovan suggests that Sep Q iPhone shipments are tracking... More
Citi Reiterates Buy Rating on Microsoft (MSFT)
August 22, 2024 4:55 AM EDTCiti analyst Tyler Radke reiterated a Buy rating and $500.00 price target on Microsoft (NASDAQ: MSFT)
The analyst comments "We briefly caught up with MSFT IR following their annual update to KPIs ahead of FY25 reporting. The FY25 updates are more extensive... More
Unpacking antitrust risk for Google with expert takeaways
August 21, 2024 3:00 PM EDTIn a research note Wednesday, BMO Capital unpacked the antitrust risks facing Google, particularly focusing on two upcoming trials that could impact the tech giant.
According to a legal expert consulted by BMO, the Ad Tech Trial, set to start on September 9th, poses the most immediate threat to Google.
This trial is being expedited on a Rocket Docket, with final arguments expected by early October, setting the stage for a potential antitrust... More
