Asian stocks rise as tech tracks Nvidia rally; Japan surges on soft inflation

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Go back to Asian stocks rise as tech tracks Nvidia rally; Japan surges on soft inflation

Apple suppliers slide after analyst iPhone 16 warning

September 16, 2024 2:00 PM EDT

Shares of key Apple (NASDAQ: AAPL) suppliers slid on Monday following a cautious note from TF International Securities, which indicated that demand for the iPhone 16 Pro series was lower than expected.

Cirrus Logic, Inc. (NASDAQ: CRUS) dropped 6.4%, Qorvo (NASDAQ: QRVO) fell 7.4%, Skyworks Solutions (NASDAQ: SWKS) declined 6.7%, Micron Technology (NASDAQ: MU) slipped 5.2%, Broadcom (NASDAQ: AVGO) dipped 2.7%, and Taiwan Semiconductor (NYSE: TSM) shed 2.9%.

The analyst note... More