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Apple reportedly tests CXMT memory chips as AI demand tightens global supply
InvestorsHub46d agoneutral
Apple reportedly tests CXMT memory chips as AI demand tightens global supply

Apple Inc (NASDAQ:AAPL) is reportedly evaluating memory chips produced by China’s CXMT Corp for use across products including iPhones and MacBooks as surging artificial intelligence investment places increasing pressure on global memory supplies. According to The Wall Street Journal, Apple has also held preliminary discussions with CXMT about potentially sourcing memory components for devices sold within China, citing people familiar with the matter.

Apple Tests China's CXMT Memory Chips for iPhones and Macbooks Amid AI-Fueled Supply Crunch: Report
Benzinga46d agoneutral
Apple Tests China's CXMT Memory Chips for iPhones and Macbooks Amid AI-Fueled Supply Crunch: Report

Apple Inc. (NASDAQ:AAPL) is reportedly testing memory chips from China’s ChangXin Memory Technologies across products including iPhones and MacBooks as the artificial intelligence boom tightens global memory supply Apple Explores CXMT Chips Amid Memory Shortage Apple has held preliminary discussions with CXMT, China’s largest memory-chip maker by market value, about potentially supplying components for some devices sold in China, the Wall Street Journal reported on Sunday, citing people familiar

Canaccord Genuity Group Q1 Earnings Call Highlights
MarketBeat47d agoneutral
Canaccord Genuity Group Q1 Earnings Call Highlights

Canaccord Genuity Group (TSE:CF) reported stronger fiscal 2027 first-quarter results as growth in wealth management and capital markets lifted revenue and profitability, supported by favorable equity markets, higher client activity and expense discipline. Firm-wide revenue rose 29% from a year earl

Apple tests China's CXMT memory chips for iPhones and MacBooks, WSJ reports
Reuters47d agoneutral
Apple tests China's CXMT memory chips for iPhones and MacBooks, WSJ reports

Apple has been testing memory chips from China's ‌CXMT across product lines including ‌iPhones and MacBooks, to mitigate a component shortage ​fueled by the AI boom, the Wall Street Journal reported on Sunday. Apple held early talks with CXMT, which ‌is China's ⁠largest chipmaker by market value, about supplying components with ⁠the goal of using them in some devices sold in China, the ​report said, ​citing people ​familiar with the ‌matter.

Bank of America revamps Apple stock price target after earnings
TheStreet48d agoneutral
Bank of America revamps Apple stock price target after earnings

ChatGPT went from generating roughly $10 million a month on Apple's App Store in Jan. 2024 to more than $275 million in July 2026. Apple did not build ChatGPT. It does not train it, run it, or market it. But every time someone subscribes, Apple collects a commission. That dynamic is playing out ...

Apple says Mac users in China can connect to Alibaba's Qwen AI service
Reuters48d agoneutral
Apple says Mac users in China can connect to Alibaba's Qwen AI service

Apple has published a guide explaining how eligible Mac users in mainland China can connect Alibaba's Qwen artificial-intelligence service to ‌the U.S. tech giant's Siri digital assistant and Writing Tools feature. The Mac-specific arrangement ‌could help Apple compete in China's AI PC market, where it has been losing market share as domestic ​manufacturers such as Lenovo have promoted locally developed AI features. • Qwen is Chinese ecommerce giant Alibaba's family of generative-AI models, which can create text and images and analyse documents, photos and other material in response to user prompts.

Apple (AAPL) Tops $10 Billion in India Sales, But Wall Street’s Focus Is on Supply Constraints and Margins
Insider Monkey49d agobullish
Apple (AAPL) Tops $10 Billion in India Sales, But Wall Street’s Focus Is on Supply Constraints and Margins

Apple Inc. (NASDAQ:AAPL) has reached a major milestone in India. The company generated $10 billion in annual sales for the first time while continuing to deliver double-digit growth and expand its retail presence in one of its fastest-growing markets. The achievement underscores Apple’s long-term opportunity in the region. Despite that progress, the market’s attention has […]

Apple and OpenAI escalate legal battle over devices
AFP49d agoneutral
Apple and OpenAI escalate legal battle over devices

A legal battle between Apple and OpenAI over the ChatGPT-maker's secretive device project escalated this week when the artificial intelligence (AI) developer called the iPhone-maker's allegations "baseless" and asked for the lawsuit's dismissal.  Apple sued OpenAI last month in San Jose, California, accusing the AI company of orchestrating a campaign to steal the iPhone maker's trade secrets via former employees as it tries to develop its own consumer hardware device.