Apple (AAPL) to Host Worldwide Developers Conference on June 10, 2024
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This analyst sees signs of stress in Apple's services ecosystem
March 28, 2024 1:00 PM EDTIn a note this week, analysts at UBS told investors that despite innovation driving a sticky Apple (NASDAQ: AAPL) services ecosystem, they see signs of stress.
The investment bank states that while high-end iPhones drive more consumption of Services, the rate of change is slowing.
The UBS UBS Evidence Lab performed a survey of... More
7 mega-cap stocks to own on sustainable data center spending - CFRA
March 26, 2024 4:00 PM EDTAnalysts at CFRA Research highlighted seven mega-cap stocks they see as best positioned to benefit from a "decade-long AI boom."
In a research note to clients, the firm explained that they believe capex spending from the major cloud providers is poised to rebound over 25% in 2024, with low-teens growth attainable thereafter.
"We view improving free cash flow (FCF) and profitability as major reasons why the sudden surge in data center spend is sustainable, despite much angst about that being the case," the firm wrote.
CFRA added: "Motivating factors that will cause cloud players to spend... More
