To put this figure into some perspective, the loss is comparable to the GDP output of a small country, such as Norway, Singapore, or the UAE, for example. Global semiconductor stocks experienced volatility on Tuesday following a decline in Nvidia’s shares from the previous trading sessions. Shares of chip firmsRead More →
The little-known company, Nvidia, now stands alongside Apple and Microsoft in market cap valuation thanks to AI. In just a little over a year it has all but tripled its market valuation and become a go to investment on Wall Street and around the world. Nvidia’s market capitalization has recentlyRead More →
Nvidia, traditionally recognised within the gaming community for its graphics chips, has become the world’s most valuable publicly traded company. On Tuesday 18th June 2024, Nvidia’s shares rose by 3.6%, increasing its market cap to $3.34 trillion and overtaking Microsoft, now valued at $3.32 trillion. Earlier in the month, Nvidia’sRead More →
Nvidia’s swift ascent is poised to prompt a major technology exchange-traded fund to acquire more than $10 billion in shares of the semiconductor maker, consequently reducing its shareholding in Apple. The Technology Select Sector SPDR Fund (XLK), which will rebalance soon, is guided by an index that will adjust basedRead More →
Apple’s shares reached a new record high of approximately $207 per share on Tuesday 11th June 2024, surpassing the previous record set in December. At its annual developer conference on Monday 10th June 2024, the company launched its highly anticipated venture into AI. Apple is playing catch-up in the AIRead More →
The S&P 500 and Nasdaq Composite reached new closing highs on Tuesday 11th June 2024, propelled by Apple as the tech giant’s stock hit a record itself. The S&P 500 index climbed to a new high to close at 5375, while the Nasdaq Composite finished the day at 17343. BothRead More →
Apple has entered the artificial intelligence race with the announcement of its version of AI – Apple Intelligence on Monday 10th June 2024, in its attempt to catch up in the AI race. Reportedly to use it on your phone, you’ll need at least the high-end iPhone 15 Pro fromRead More →
The S&P 500 reached a new high as Nvidia surpassed the $3 trillion mark for the first time, and the anticipation of an interest rate cut grew due to softer-than-expected job data. S&P 500 all-time high as of 5th June 2024 Similarly, the Nasdaq 100 and Nasdaq Composite achieved newRead More →
Apple shares rose by 7% in after-hours trading on Thursday 2nd May 2024, following the company’s announcement of fiscal second-quarter earnings that exceeded expectations, coupled with the unveiling of an expanded stock repurchase program. The tech giant disclosed that its board has approved a new $110 billion share buyback plan,Read More →
Reports indicate that Apple is delving into AI-powered robotics, aiming to innovate within the home robotics sector. A Bloomberg article reveals that the tech titan is exploring two fascinating initiatives. Mobile Robot Apple is reportedly exploring the development of a robot that can accompany its owner. Envision a congenial AIRead More →
On Monday, 25th March 2024, the European Union initiated its first investigation under the new Digital Markets Act, targeting Apple, Alphabet, and Meta for potential tech legislation breaches. Statement “Today, the Commission has opened non-compliance investigations under the Digital Markets Act (DMA) into Alphabet’s rules on steering in Google Play and self-preferencing on GoogleRead More →
The U.S. has reportedly initiated a significant lawsuit against Apple, alleging that the technology giant has monopolised the smartphone market and stifled competition. The Justice Department claims that Apple has misused its dominance over the iPhone App Store to ‘lock in’ customers and developers. The company is also accused ofRead More →
Apple playing AI catchup Apple is reportedly engaged in negotiations to acquire a licence for Google’s Gemini, a generative AI platform, with the intention of integrating it into iPhones. These ongoing discussions may result in Gemini enhancing iPhone software with new features later this year. The terms, branding, and implementationRead More →
Apple has reportedly cancelled its plans to build an electric car, bringing an end to a secretive project known as Project Titan The EV project consumed immense resources over the past 10 years, with executives from the company making an unexpected announcement. The decision to halt the program marks a significant retreat from Apple’sRead More →
The Magnificent Seven, or MAMA ANT, is a term coined by Bank of America to describe the seven most dominant tech companies in the world The Seven are: Microsoft, Amazon, Meta Platforms, Apple, Nvidia, Tesla, and Alphabet. These companies have not only led the tech sector in terms of innovation,Read More →
It was a good day of earnings for Big Tech companies. Three of the Magnificent 7 results dominated the headlines: Meta, Amazon and Apple. Nasdaq and S&P 500 gained in ‘after the bell’ trading. This after a punishing day for Alphabet and Microsoft, despite good results. Nasdaq 100 closed at: 17344Read More →
U.S. microchip giant Advanced Micro Devices (AMD) is investing in AI PCs to take on the likes of Nvidia and Intel and Arm as the AI race gains momentum. As the AI market expands so too will AI powered personal computer (PC). These are personal computers embedded with processors specifically designed to perform AI functions suchRead More →
In 2023 Apple became the biggest smartphone vendor by shipments in China for the first time. Last year, Honor, a spin-off from Chinese company Huawei, held the second spot with almost a 17% market share, followed by Vivo, Huawei and then Oppo. One of the biggest changes in 2023 wasRead More →
Microsoft’s market cap surpassed $3 trillion in intraday trading Wednesday after the stock climbed more than 1% and hit around $404 per share. The stock lost some ground throughout the day to close at: $402 per share. The achievement comes nearly two weeks after Microsoft eclipsed Apple as the world’s most valuable public companyRead More →
The Magnificent Seven is a term coined to describe the seven most valuable and popularly owned tech companies in the U.S. stock market. It was also a 1960’s movie… The Seven Apple (AAPL) The world’s largest software company, known for its iPhone, iPad, Mac, Apple Watch, AirPods, and other devices, asRead More →
Apple and generative AI technology is a topic that has been generating a lot of interest and speculation lately. According to various reports, Apple is working on developing its own large language model and chatbot, which could potentially enhance its products and services with new features and capabilities. However, someRead More →
Many large tech companies are planning to create their own energy supply or source power from 100% renewable generators. This is mainly because they have high electricity consumption, especially for their data centres, and they want to reduce their carbon footprint and achieve net-zero emissions targets. BIG tech companies thatRead More →
The Magnificent Seven tech stocks These are the seven largest U.S. listed companies in the technology sector. Apple, Microsoft, Amazon, Alphabet, Nvidia, Tesla and Meta Platforms. According to a report released Monday 2nd October 2023, these tech’ stocks have seen their valuation drop relative to the median stock in theRead More →
iWorry False idols and icons come to mind. Praying to a product that makes us happy – and fattens the balance sheet at the same time? Oh my God – it’s just a ‘phone… Praise be to the new iPhone 15!Read More →
Apple said on Saturday 30th September 2023 that it will issue a software update that would address customer complaints about the latest iPhone 15 models, released just over a week ago, running hot. The new iPhones were running hot because of a combination of bugs in iOS 17, bugs inRead More →
Steve Jobs 1955 – 2011, Inventor and visionaryRead More →