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Apple settles lawsuit over late Siri AI features for $250 million
Reuters148d agobearish
Apple settles lawsuit over late Siri AI features for $250 million

Apple on Tuesday settled for $250 million a shareholder lawsuit ‌brought after the company delayed artificial-intelligence upgrades to ‌its Siri voice assistant. The lawsuit, filed by Peter Landsheft in U.S. ​federal court in California in 2024, arose after the iPhone maker announced - and started running advertisements for - a bevy of AI upgrades at its annual software developer conference ‌in 2024, saying ⁠they would become available with new iPhones that fall. In 2025, Apple said that the AI overhaul of Siri would not come ​until this ​year, and executives have ​now confirmed that the ‌new Siri features will be unveiled at Apple's annual developer conference next month.

Chip Makers Push Nasdaq, S&P 500 to Fresh Highs
The Wall Street Journal148d agoneutral
Chip Makers Push Nasdaq, S&P 500 to Fresh Highs

The semiconductor index has risen 54% since the end of March, its best performance over a 25-day period since March 2000. Chip makers are racing to meet surging demand for the specialized devices that are pivotal to powering artificial intelligence. Tuesday’s rally powered Intel to a 13% gain and a market capitalization of about $544 billion, surpassing Oracle and Johnson & Johnson Shares of Sandisk Micron and Qualcomm all added more than 10%, lifting the tech-heavy Nasdaq composite up 1%.

Skyworks Solutions forecasts higher revenue on strong chip demand
Reuters148d agoneutral
Skyworks Solutions forecasts higher revenue on strong chip demand

Skyworks Solutions forecast quarterly revenue above estimates on Tuesday, betting on strong ‌demand for its radio-frequency chips used in premium ‌smartphones. Shares of the Irvine, California-based company rose more than 1% ​in extended trading. Skyworks, which sells analog and mixed-signal wireless communication chips to customers across the automotive, industrial and consumer electronics sectors, is a key supplier of ‌radio-frequency components for ⁠Apple's 5G iPhones.

Intel Has Moved From Laggard to Leader. Where the Chart Is Heading.
Barrons.com148d agoneutral
Intel Has Moved From Laggard to Leader. Where the Chart Is Heading.

Shares of Intel Corporation were showing notable strength Tuesday, extending a powerful rebound driven by renewed optimism around its AI and foundry turnaround story. The stock is surging again on fresh headlines that Apple held early discussions with Intel for potential chip manufacturing partnerships, adding fuel to already strong momentum. With sentiment shifting quickly, the stock is increasingly behaving like a high-beta leadership name.

Apple CEO has stark message for Micron stock investors
TheStreet148d agoneutral
Apple CEO has stark message for Micron stock investors

It’s unusual for Apple (AAPL) to signal anything about its suppliers, but Tim Cook broke from that pattern, a move that has clear implications for Micron Technology (MU) investors. For perspective, Micron has ridden a tidal wave of AI memory demand over the past several quarters, a trend ...

Veteran fund manager picks best Mag 7 stock for 2026
TheStreet148d agoneutral
Veteran fund manager picks best Mag 7 stock for 2026

Last week’s tech earnings put investors’ attention back on AI spending and whether it’s actually paying off. One megacap stands out, surging nearly 10% over the past five trading days, the best five-day performance among the Magnificent 7 stocks. That’s Alphabet. The stock is up 22% year to date as ...

Apple Hammers The Competition
24/7 Wall St.148d agoneutral
Apple Hammers The Competition

The gold standard of smartphone industry research is CounterPoint. It recently released its report on global first-quarter sales. One point is that the top 10 brands accounted for 25% of the market. The real headline should have been the extent to which Apple (NASDAQ: AAPL) controls the market. Counterpoint’s Global Handset Model Sales Tracker showed ... Apple Hammers The Competition

Jim Cramer Says AI Spending Is No Bubble As Alphabet, Amazon, Apple Surge, While Microsoft And Meta Face Pressure
Benzinga148d agobullish
Jim Cramer Says AI Spending Is No Bubble As Alphabet, Amazon, Apple Surge, While Microsoft And Meta Face Pressure

Jim Cramer on Sunday argued that the latest wave of Big Tech earnings proves aggressive artificial intelligence (AI) and data center spending is fueling competitive advantage rather than creating a dangerous market bubble. Cramer Rejects AI Bubble Narrative After Big Tech Earnings In a detailed analysis published on CNBC, Cramer pushed back against mounting concerns that hyperscaler spending on AI infrastructure is overheated, saying the latest quarterly results show the opposite. "I am growing

Alphabet closes in on Nvidia's spot as world's biggest company
Reuters148d agoneutral
Alphabet closes in on Nvidia's spot as world's biggest company

Alphabet is on the cusp of overtaking Nvidia as the world's most valuable company, riding on a record stock rally fueled by its artificial intelligence efforts and booming cloud business. The potential ‌reshuffling would put the Google parent at the No.1 spot for the first time in more than a decade. ‌It last held that position briefly in February 2016 before Apple reclaimed the spot. The move reflects a dramatic shift in sentiment as Alphabet emerges as both a ​major AI services provider with its cloud platform and a key rival to Nvidia in chips through custom processors that have won customers such as Anthropic.

Steve Jobs Once Described What Set Humans Apart From Apes And Other 'High Primates': The Apple Co-Founder Said This Is What Matters The Most
Benzinga148d agoneutral
Steve Jobs Once Described What Set Humans Apart From Apes And Other 'High Primates': The Apple Co-Founder Said This Is What Matters The Most

Apple Inc. co-founder Steve Jobs once framed humanity's edge over apes and other high primates in simple terms: people build tools, then use those tools to outrun their own limits. Jobs Saw Bicycles As Proof Of Human Advantage In interviews from the early 1980s, Jobs described reading a Scientific American study that measured how efficiently different species moved. The condor, he said, used the least energy to travel a kilometer, while humans made "a rather unimpressive showing," ranking about

MAGS Is Up 181% Since Launch, but 2026 Reveals Its Hidden Weakness
24/7 Wall St.148d agoneutral
MAGS Is Up 181% Since Launch, but 2026 Reveals Its Hidden Weakness

Concentrated bets on a handful of mega-cap technology names drove most of the S&P 500’s returns over the past three years, and Roundhill built MAGS to deliver that exposure in one ticker without forcing investors to guess which name will lead next. The Single-Decision Mega-Cap Tech Sleeve The Roundhill Magnificent Seven ETF (NYSEARCA:MAGS) holds seven ... MAGS Is Up 181% Since Launch, but 2026 Reveals Its Hidden Weakness

Intel Rips 14% Higher: Apple Foundry Reports Crush Bears in Massive Short Squeeze
24/7 Wall St.148d agoneutral
Intel Rips 14% Higher: Apple Foundry Reports Crush Bears in Massive Short Squeeze

Shares of Intel (NASDAQ:INTC) are catapulting 14% in Tuesday morning trading, changing hands near $109.60 after Bloomberg reported that Apple (NASDAQ:AAPL) is exploring Intel’s foundry services for future U.S. chip production. The move extends a stunning run. Intel stock is up 118% over the past month and up roughly 197% year to date (YTD), breaking ... Intel Rips 14% Higher: Apple Foundry Reports Crush Bears in Massive Short Squeeze

Alphabet, Intel, Micron Lead Nasdaq Higher as Oil Drops on Paused Mideast Tensions
24/7 Wall St.148d agobearish
Alphabet, Intel, Micron Lead Nasdaq Higher as Oil Drops on Paused Mideast Tensions

The Nasdaq Composite (^IXIC) opened higher Tuesday, with the tech-heavy benchmark riding a familiar trio of tailwinds: a fresh wave of strong earnings, a sharp pullback in crude oil, and a pause in Middle East escalation. Risk appetite is back, and the Nasdaq Composite (^IXIC) is riding the bullish wave. Google parent company Alphabet (Nasdaq: GOOGL), ... Alphabet, Intel, Micron Lead Nasdaq Higher as Oil Drops on Paused Mideast Tensions