- Yahoo Finance
Why Apple’s generative AI push won’t launch an iPhone supercycle in 2024
Apple is expected to unveil its big generative AI push with new capabilities for the iPhone. But don’t expect generative AI itself to spur a new iPhone sales supercycle this year.
- Reuters
Nvidia overtakes Apple as No. 2 most valuable company
(Reuters) -Shares of Nvidia rallied to record highs on Wednesday, with the AI chipmaker's stock market valuation hitting the $3 trillion mark and overtaking Apple to become the world's second most valuable company. The latest rally in Nvidia comes as it prepares to split its stock ten-for-one, effective on June 7, a move that could increase its appeal to individual investors. The Silicon Valley chipmaker's stock was last up 5%, giving Nvidia a market value of $3.007 trillion.
- Investor's Business Daily
Magnificent Seven Stocks: Nvidia Stock Rallies To More Record Highs; Tesla Finds Support At Key Level
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the middle part of the second quarter of 2024 showed a big divergence of returns.
