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AI Could Help the iPhone 16 Drive an Apple Renaissance

KEY TAKEWAYS Apple is positioned for a strong growth cycle driven by artificial intelligence, according to Wedbush analysts who increased their estimates for iPhone 16 shipments. The analysts lifted their estimates to 90 million based on recent Asia market checks and and estimated 300 million iPhone users who may be ripe for device upgrades. The…

ByPexecoAugust 12, 20240Comments

Stocks

Why a $70B Fund Will Likely Load Up on Nvidia Stock, Dump Apple This Week

KEY TAKEWAYS The Technology Select Sector SPDR Fund (XLK) will likely be forced to buy billions of dollars worth of Nvidia stock—and dump a similar amount of Apple—when it rebalances this week. Nvidia’s weight in the ETF is expected to nearly quadruple after its float-adjusted market cap exceeded Apple’s at the end of last week.…

ByPexecoJune 18, 20240Comments

Stocks

Apple Stock Hits Record High on Anticipation of AI-Fueled Growth After WWDC Announcements

KEY TAKEAWAYS Apple shares rose to a record high Tuesday, a day after the iPhone maker announced its iOS 18, Apple Intelligence, and an artificial intelligence (AI) partnership with OpenAI. JPMorgan analysts said Apple's AI announcements reinforced the likelihood that an iPhone upgrade cycle is coming. Melius Research analysts said that older iPhone models could…

ByPexecoJune 11, 20240Comments

TOP Stocks

Top Stocks To Watch in June

The S&P 500 this year had its best May since the rip-roaring days of 2020, rising 4.8% over the month. However, much of that gain came at the beginning of the month as Wall Street cheered encouraging economic data and a slew of earnings reports showing the resilience of corporate earnings. The ebullience fizzled out…

ByPexecoJune 4, 20240Comments

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AI Could Help the iPhone 16 Drive an Apple Renaissance

Why a $70B Fund Will Likely Load Up on Nvidia Stock, Dump Apple This Week

Top Stocks To Watch in June