Apple chip leader Johny Srouji said in a memo to staff on Monday that he doesn't plan on leaving the company. Bloomberg reported on Saturday that Srouji had told CEO Tim Cook that he was considering leaving.
A section of Wall Street has turned bullish on Apple (NASDAQ: AAPL) stock, citing expectations of renewed momentum as the company increases its focus on artificial intelligence.
Yardeni Research has scrapped its long-running overweight stance on the so-called Magnificent 7, warning that the dominance of America's largest technology stocks has reached levels that are difficult to justify even with their strong earnings performance.
Wedbush has lifted its price target on Apple Inc (NASDAQ:AAPL, XETRA:APC)to $350 from $320, arguing that 2026 is shaping up to be a pivotal year in which the company finally joins the front rank of the artificial intelligence race. In a detailed note, the broker says strong iPhone 17 sales, including in China, point to Apple outperforming revenue expectations for the December quarter and headin...
The wave of executive departures hitting Apple recently may not yet have crested. Johny Srouji, senior vice president of hardware technologies, recently informed CEO Tim Cook that he is thinking seriously about stepping down in the near future, Bloomberg News reported Saturday (Dec. 6), citing sources familiar with the matter.
Apple stock (NASDAQ: AAPL) is facing some headwinds as a stream of executive departures is turning into a full-blown crisis for the tech giant. The investor anxieties deepened with fresh reports that Johny Srouji, the architect behind the Apple Silicon advantage, may be eyeing the door next.
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