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After 19 Years: Google Will Get Its Ultimate Revenge on Apple
24/7 Wall St.87d agoneutral
After 19 Years: Google Will Get Its Ultimate Revenge on Apple

In January 2007, Steve Jobs walked onstage at Macworld and detonated the mobile strategy of Alphabet (NASDAQ:GOOGL). Google had been building a BlackBerry clone. Within months, Andy Rubin’s team scrapped it and rebuilt Android around touch. For 19 years since, Apple has held the high ground in that rivalry. Google paid roughly $20 billion a ... After 19 Years: Google Will Get Its Ultimate Revenge on Apple

Trump Woo Xi? We’ll See. The Tired History of Big Tech’s Misadventures in China.
24/7 Wall St.87d agoneutral
Trump Woo Xi? We’ll See. The Tired History of Big Tech’s Misadventures in China.

Although the optics from Beijing this week look like a thaw, Wall Street has watched this exact movie before. President Trump arrived in Beijing on May 13, 2026 for a state-banquet summit with President Xi Jinping, accompanied by a phalanx of U.S. CEOs and a softer trade tone. Polymarket is pricing a 71.5% probability of ... Trump Woo Xi? We’ll See. The Tired History of Big Tech’s Misadventures in China.

President of NYSE Among Business Leaders in Beijing
The Wall Street Journal87d agoneutral
President of NYSE Among Business Leaders in Beijing

Lynn Martin, the president of New York Stock Exchange Group, is also part of the group of business leaders traveling with President Trump. The group includes tech, banking and other industry leaders, such as Elon Musk, Apple’s Tim Cook and Nvidia’s Jensen Huang.

Assessing Apple (AAPL) Valuation As Tariffs And AI Ambitions Shape Market Expectations
Simply Wall St.87d agoneutral
Assessing Apple (AAPL) Valuation As Tariffs And AI Ambitions Shape Market Expectations

Apple (AAPL) continues to draw attention after recent share price gains, with the stock up 15.3% over the past month and 14.2% over the past 3 months, prompting fresh questions around valuation and earnings power. See our latest analysis for Apple. At a share price of $298.87, Apple’s recent 15.3% 30 day share price return and 10.3% year to date share price return sit alongside a 41.3% 1 year total shareholder return, suggesting momentum has been building over both shorter and longer...

Peter Navarro Once Slammed Tesla Over China Reliance—Now Xi Jinping Says Beijing Will Open Wider To US Companies Amid Trump Visit
Benzinga87d agoneutral
Peter Navarro Once Slammed Tesla Over China Reliance—Now Xi Jinping Says Beijing Will Open Wider To US Companies Amid Trump Visit

President Donald Trump‘s counselor and economist, Peter Navarro, had criticized Elon Musk-led Tesla Inc. (NASDAQ:TSLA) last year, calling the company a “car assembler” reliant on overseas parts from China and other countries. Now, Chinese President Xi Jinping has said the country could allow more U.S. investment in China. Open Criticism The comments were highlighted by Bloomberg presenter Joumanna Nasr Bercetche on X on Thursday. She shared that Navarro, as well as Trump, had “openly criticized

European Chip Stocks Gain on Foxconn Results, Trump's China Visit
Barrons.com87d agoneutral
European Chip Stocks Gain on Foxconn Results, Trump's China Visit

Shares of European semiconductor companies were edging higher after Foxconn reported robust first-quarter revenue and profit and as President Trump brings a delegation of tech CEOs on his trip to China. Foxconn, which generates a significant share of revenue making AI servers for companies like Nvidia, reported 19% growth in net profit to 49.92 billion New Taiwan dollars and 29% growth in revenue to 2.120 trillion New Taiwan dollars. Meanwhile, Trump is meeting Chinese leader Xi Jinping in a summit attended by Nvidia's Jensen Huang, Apple's Tim Cook and Tesla's Elon Musk.

Foxconn Posts Strong Results on AI Hardware Sales
The Wall Street Journal87d agoneutral
Foxconn Posts Strong Results on AI Hardware Sales

Foxconn Technology Group reported robust first-quarter revenue and profit as it ramped up production of server racks, other advanced equipment and consumer devices for the global artificial-intelligence buildout.

Xi Tells US CEOs Accompanying Trump That China Will Open Up More
Bloomberg87d agoneutral
Xi Tells US CEOs Accompanying Trump That China Will Open Up More

(Bloomberg) -- Xi Jinping signaled China is moving toward greater openness, striking an upbeat note during his meeting with US business leaders accompanying Donald Trump as the two presidents wrapped up morning talks that featured more divisive issues like trade and Taiwan.Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightTrump Land

Taiwan's Foxconn reports forecast-beating 19% jump in Q1 profit on AI demand
Reuters87d agobullish
Taiwan's Foxconn reports forecast-beating 19% jump in Q1 profit on AI demand

Net profit for January-March for Nvidia's ​biggest server maker and Apple's top iPhone assembler was T$49.92 billion ($1.58 billion), versus a LSEG consensus estimate of T$48.88 billion. In an earnings release, it stuck to its previous forecast of "strong" growth for revenue this year ‌and said it also ⁠saw strong demand for AI servers. Foxconn, formally called Hon Hai Precision ⁠Industry, in April reported a 30% on-year jump in first-quarter revenue.

Apple China Talks Put Valuation And Growth Expectations In Sharper Focus
Simply Wall St.87d agoneutral
Apple China Talks Put Valuation And Growth Expectations In Sharper Focus

Apple (NasdaqGS:AAPL) CEO Tim Cook is joining President Trump and other top U.S. tech leaders on a business delegation to China. The group is meeting Chinese officials to discuss technology, trade, and regulatory issues that directly affect Apple's position in the country. The summit focuses on market access, product approvals, and longer term cooperation in areas such as hardware and AI. For Apple, China is a key market for iPhone, iPad, Mac, and wearables, as well as a core hub for its...

The Magnificent Seven Fell 40% While the S&P Dropped 18%: Here’s How Much Tech Concentration You Can Actually Afford
24/7 Wall St.87d agobearish
The Magnificent Seven Fell 40% While the S&P Dropped 18%: Here’s How Much Tech Concentration You Can Actually Afford

I’ve been studying portfolio concentration for years, and one stat from Schwab’s On Investing podcast keeps echoing in my head. In 2022, the Magnificent Seven fell roughly 40% while the S&P 500 dropped 18%. Our data confirms the pain: SPY shed 20% that calendar year, while Meta Platforms (NASDAQ:META) collapsed 64%, NVIDIA (NASDAQ:NVDA) fell 51%, ... The Magnificent Seven Fell 40% While the S&P Dropped 18%: Here’s How Much Tech Concentration You Can Actually Afford

Trump Lands in China for Xi Trade Summit With Iran War in Limbo
Bloomberg87d agoneutral
Trump Lands in China for Xi Trade Summit With Iran War in Limbo

(Bloomberg) -- President Donald Trump arrived in Beijing for the first state visit to China by a US leader in nine years, as the world’s two largest economies look to stabilize ties with a summit playing out against the backdrop of the Iran war.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsNvidia’s CEO Joins Trump in China With AI in the SpotlightTrump Lands in China for Xi Trade Summi