Bernstein: Rising memory chip costs may weigh on Apple's quarterly results, trimming its earnings per share (EPS) forecast to $2.87.
44 minutes ago
Bernstein said in a report that a sharp rise in memory chip costs could pressure Apple's iPhone margins in its December quarter, raising the risk of underperforming expectations. The firm has cut its earnings per share (EPS) forecast for Apple from $3.00 to $2.87, below the market consensus estimate of $2.92. Despite expecting near-term margin pressure, Bernstein maintained its "Outperform" rating on Apple and $370 price target, noting that Apple remains a key entry point for consumer AI.
Akamai’s stock surges 16% after signing a $11.6 billion computing power contract with Anthropic.
1 seconds ago
US-listed PayPal shares rose 1.5%, hitting an intraday high.
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US midterm elections approaching: Control of Congress to be decided by the November 3 vote.
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The first crypto tax filing season in the US is underway: trading platforms report transaction volumes, while cost bases must still be calculated independently by taxpayers.
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The three major U.S. stock indexes opened higher, with the storage sector seeing broad gains.
1 seconds ago
Bitcoin falls below $84,000
1 seconds ago
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