Blinken postpones China trip over 'unacceptable' Chinese spy balloon violation
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Stephen Nellis
@StephenNellis
Reporter covering Apple, chips and other tech hardware topics. Previously & . Alum of . DM for Signal.
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And $AAPL up today. The market appears to like the historically high gross margin guide, which is one of the few explicit guidance numbers the company still gives. Is Apple the reserve currency of U.S. stocks?
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Apple stock is up 1/4 YTD, valued at almost $2.5 trillion, its highest since late September.
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BEIJING, Feb 3 (Reuters) - China said on Friday an "airship" that is flying over the United States is for civilian meteorological and other scientific purposes and voiced regret that it strayed into U.S. airspace.
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Apple analyst: Please just say generative AI!
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Suspected Chinese 'spy balloon' flying over the United States
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Shares have now settled at about a 4% late trading drop. They'd risen 3.7% during the trading day so at this point Apple is not that much further down than they'd started the day.
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Shares have dipped more than 5% on the results.
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Two lone increases in revenue for fiscal Q1: Services and iPad. Apple CEO Cook tells Reuters that iPad benefited from new products and freedom from supply constraints that had hit the product in the year earlier period.
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Shares have dipped more than 5% on the results.
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Apple misses Wall Street's profit expectations as iPhone sales drop, but CEO Cook says production is back where the company wants it to be - Full story to come
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One thing to keep in mind for $AAPL earnings today: This is a 'leap year' for Apple where their Q1 has an extra week in it, which is significant. Curious to see how well consensus has accounted for that.
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Intel is implementing broad employee pay cuts -
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Belatedly: Yes, but TSMC has been using 8 years for a long time, so with the shift to foundry focus it’s not completely unreasonable.
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Did Intel just carve itself out $2.6B in paper profits this year by re-calculating depreciation? cc @IanCutress
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After Lam's earnings yesterday, this KLA report shouldn't come as much of a shock.
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-Q3 revenue guidance midpoint of $2.35 bln vs estimates of $2.55 bln, according to Refinitiv data.
-Q3 adj EPS guidance midpoint of $5.22 vs estimates of $5.89, according to Refinitiv.
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-Q3 revenue guidance midpoint of $2.35 bln vs estimates of $2.55 bln, according to Refinitiv data.
-Q3 adj EPS guidance midpoint of $5.22 vs estimates of $5.89, according to Refinitiv.
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.$KLAC shares are down 3% after the bell after a fiscal Q3 sales forecast whose range is below Wall Street expectations and a profit forecast whose midpoint is below expectations, according to Refinitiv data.
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Do large language models like ChatGPT have a shot at disrupting search engines? I share my take here. (Short answer: Yes. But the details are complicated.)
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does a great job opening this story with the "Dylan goes electric" reference... as soon as I saw the headline I was going to riff off it with a Dylan joke, but he killed that for me by referencing it himself, lol...
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Electric guitar maker Fender launches U.S.-made acoustic guitar reut.rs/2U2PB7c
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