Apple's 2% jump on tariff relief lifted the Nasdaq 100, but with market fragility in focus, traders are watching to see if the rally has real staying power.
Apple (AAPL 2.19%) stock returned 30% in 2024, peaking around $259 per share in late December. Factors contributing to that upside included strong sales growth in the services business and excitement about new artificial intelligence (AI) features.
I project that upcoming tariffs on semiconductors and electronic devices will likely come in at a rate of approximately 25%. I anticipate that these new tariffs will not stack up on top of the 20% tariff on Fentanyl, making the effective increase limited to 5 percentage points, the difference to 25%. I see clear signs that the new administration is keeping a close eye on the markets. That's why...
Apple is planning to analyze user data to improve its large language model (LLM) software while upholding user privacy. The company has been using synthetic data to train its artificial intelligence (AI) models but has found that method to be ineffective, Apple wrote in a Monday (April 14) blog post.
Apple (AAPL), Dell Technologies (DELL), and other tech stocks gained Monday, after President Donald Trump imposed a pause on import tariffs on many electronic goods.
Apple shares rose more than 2% on Monday and pushed the company's market cap back above $3 trillion. The rally came after the Trump administration late Friday announced that phones, computers and chips were exempted from new tariffs.
A temporary pause in US tariffs on electronics imported from China is giving the semiconductor sector a brief reprieve, according to Bank of America, even as the industry braces for new sector-specific trade measures. The US Customs and Border Protection announced late Friday that smartphones and PCs would be excluded from immediate tariff hikes, which had proposed rates as high as 145%.
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