Apple (AAPL) announces new iPad Pro and M4 chip

'Much-needed shot in the arm:' Analysts weigh in on Apple's iPad event

During its "Let Loose" event on Tuesday, Apple (NASDAQ: AAPL) unveiled a refreshed iPad lineup for the first time in over a year.

The new iPad Pros feature OLED displays and advanced M4 chips, while the updated iPad Airs now come in sizes up to 13 inches.

Among the standout accessories was the Apple Pencil Pro, which... More

CFRA on Apple (AAPL): 'we think these upgrades...will help drive a return to growth'

CFRA analyst Angelo Zino reiterated a Buy rating and $210.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "AAPL is fully revamping its iPad line-up with a larger 13-inch iPad Air and new M4 chips (from M2) for iPad Pros. The Pros also possess a... More

Apple (AAPL) Unveils New iPad Pro with M4 Chip, Apple Pencil Pro

Apple® (NASDAQ: AAPL) today unveiled the groundbreaking new iPad Pro® in a stunningly thin and light design, taking portability and performance to the next level. Available in silver and space black finishes, the new iPad Pro comes in two sizes: an expansive 13-inch model and a super-portable 11-inch model. Both sizes feature the worlds most advanced display a new breakthrough Ultra Retina XDR display with state-of-the-art tandem OLED technology providing a remarkable visual experience. The new iPad Pro is made possible with the new M4 chip, the next generation of Apple silicon, which delivers... More

Apple (AAPL) unveils the redesigned 11-inch and all-new 13-inch iPad Air, supercharged by the M2 chip

Apple® today announced the redesigned 11-inch and all-new 13-inch iPad Air®, supercharged by the M2 chip. Now available in two sizes for the first time, the 11-inch iPad Air is super-portable, and the 13-inch model provides an even larger display for more room to work, learn, and play. Both deliver phenomenal performance and advanced capabilities, making iPad Air more powerful and versatile than ever before. Featuring a faster CPU, GPU, and Neural Engine in M2, the new iPad Air offers even more performance and is an incredibly powerful device for artificial intelligence. The front-facing Ultra Wide 12MP camera with... More

Apple (AAPL) Unveils Logic Pro® for iPad 2 and Logic Pro for Mac 11

Apple® (NASDAQ: AAPL) today unveiled the all-new Logic Pro® for iPad® 2 and Logic Pro for Mac® 11, delivering breakthrough professional experiences for songwriting, beat-making, producing, and mixing. Powered by artificial intelligence, the new Logic Pro introduces incredible studio assistant features that augment the music-making process and provide artists help right when they need it all while ensuring they maintain full creative control. These features include Session Players, which expand the popular Drummer capabilities in Logic Pro to include a new Bass Player and Keyboard Player; Stem Splitter, to extract and work with individual parts of a single... More

Apple (AAPL) introduces M4 chip

Apple® today announced M4, the latest chip delivering phenomenal performance to the all-new iPad Pro®. Built using second-generation 3-nanometer technology, M4 is a system on a chip (SoC) that advances the industry-leading power efficiency of Apple silicon and enables the incredibly thin design of iPad Pro. It also features an entirely new display engine to drive... More

Apple (AAPL) call put ratio 2.5 calls to 1 put

Apple (NASDAQ: AAPL) 30-day option implied volatility is at 18; compared to its 52-week range of 16 to 31 into hosting its annual Worldwide Developers Conference (WWDC) from June 10 through 14, 2024. Call put ratio 2.5 calls to 1 put.

Apple (AAPL) Says 13-inch iPad Air Starts At $799, 11-inch At $599

Apple (NASDAQ: AAPL) Says 13-inch iPad Air Starts At $799, 11-inch At $599

Apple (AAPL) iPhone unit shipments remain challenged - Loop

Apple's (NASDAQ: AAPL) iPhone shipments remain challenged, according to analysts at Loop Capital, in a note on Tuesday.

The investment firm reiterated a Hold rating and $170 price target on the iPhone maker's shares in the note. They believe iPhone unit shipments, which... More

BofA Securities Positive on Apple (AAPL): 'Another qtr of buyback authorization and div increase'

BofA Securities analyst Wamsi Mohan reiterated a Buy rating and $230.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "

During the F2Q earnings call, mgmt. announced that the Board of Directors had authorized an additional $110bn for share buybacks,... More

Why this analyst think you should be long Apple stock into iPad event

After voicing bullish thoughts prior to Apples last weeks earnings report, Lynx Equity Strategies analysts reiterated a positive outlook ahead of the companys iPad event, scheduled for later today.

The firm anticipated that Mac revenue growth would signal user preference for Apple (NASDAQ: AAPL) Silicon in generative AI applications. In the March quarter, Mac revenue increased by 4% year-over-year, outperforming the consensus expectation of a 5% decline.

We think the outperformance was in part due to adoption of the M3 Pro models by enterprise users running open-source LLMs on-device and... More

Apple's AI trajectory remains uncertain - PhillipCapital

Investing.com -- Apple's trajectory for its artificial intelligence ambitions remains "uncertain" after the tech giant's latest quarterly results, according to analysts at PhillipCapital.

In a call with analysts last week, Chief Executive Tim Cook hinted that Apple (NASDAQ: AAPL) would soon be... More

Midday movers: Disney, Palantir fall; International Paper, Kenvue rise

(Updated - May 7, 2024 11:35 AM EDT)

Investing.com -- Main U.S. indexes were higher Tuesday, as investors parsed comments from Federal Reserve officials as well quarterly earnings reports from Disney, Palantir and others.

Here are some of the biggest U.S. stock movers today:

Walt Disney (NYSE: DIS) stock fell 9.7% despite the entertainment giant posting its first profit from its streaming unit, two quarters ahead of schedule, while raising its annual... More

Apple unveils new AI-focused chip in upgraded iPad Pro

By Stephen Nellis

(Reuters) -Apple unveiled its latest iPad Pro on Tuesday with a new chip for artificial intelligence computing as it rushes to catch up with its Big Tech rivals in a race to dominate the emerging technology. Debuting its latest chip in a tablet rather than its Mac laptops is unusual for Apple, and suggests it is eager to give app makers a head start creating AI-related software ahead of its annual software developer conference next month, analysts said.

The announcements did little to move Apple's stock, which was last up about 0.5% after gaining as... More

Apple developing AI chip for data centers- WSJ

Investing.com-- Apple Inc (NASDAQ: AAPL) is developing an in-house chip intended to run artificial intelligence programs in data centers, the Wall Street Journal reported on Monday, as the tech giant seeks to gain an edge in the fast-growing industry.

The... More

Worst is over for Apple, AI strategy pivotal to bullish outlook - Wedbush

Investing.com-- Wedbush analysts said that the worst was over for Apple Inc (NASDAQ: AAPL) after the firm clocked better-than-feared earnings for the March quarter, with the iPhone makers strategy for artificial intelligence now set to determine its next phase of growth.

Wedbush said that Apples upcoming announcement on AI during its Worldwide Developers Conference (WWDC) in June will be closely watched, and that AI integration is also expected to drive Apples next... More

Futures muted, Fed's Barkin on rates, Disney to report - what's moving markets

Investing.com -- U.S. stock futures were largely muted on Tuesday after hopes for Federal Reserve interest rate cuts later this year spurred on a jump in equities in the prior session. Richmond Fed President Thomas Barkin says that borrowing costs are currently "restrictive" enough to corral elevated inflation. Walt Disney (NYSE: DIS) gears up to unveil its first quarterly results since it won a fierce proxy battle with activist investors.

1. Futures... More

Amazon planning $9 billion cloud infrastructure investment in Singapore - reports

Investing.com -- Amazon (NASDAQ: AMZN) is planning to spend almost $9 billion to expand its cloud computing infrastructure in Singapore over the next four years, according to media reports on Tuesday.

Citing a statement from Amazon Web Services, the tech giant's... More

Phillip Securities Upgrades Apple (AAPL) to Accumulate

Phillip Securities analyst Jonathan Woo upgraded Apple (NASDAQ: AAPL) from Neutral to Accumulate with a price target of $194.00.

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $181.61 yesterday.

Apple accelerates AI efforts with custom data center chip development - WSJ

Apple (NASDAQ: AAPL) is working on developing its own chip to run artificial intelligence (AI) software in data centers, the Wall Street Journal reported on Monday, citing sources familiar with the matter.

Apple stock rose roughly 1% in premarket trading Tuesday.

The... More

Can Apple (AAPL) and Rivian (RIVN) join forces over EV development?

Apple (NASDAQ: AAPL), which recently pulled the plug on its EV endeavor known as "Project Titan" may not be out of the game entirely, according to speculations in a Taiwanese publication DigiTimes.

The report, published early Tuesday, alleges that Apple, having... More

Apple working on AI chips for data centers, WSJ reports

(Reuters) - Apple is developing its own chip to run artificial intelligence software in data centers, the Wall Street Journal reported on Monday, citing people familiar with the matter.

The project, internally codenamed as Project ACDC (Apple Chips in Data Center), aims to leverage Apple's chip design expertise for its server infrastructure, the report said.

Apple, whose shares were 1% higher before the bell on Tuesday, did not respond to a Reuters request for comment.

Dow Jones, Nasdaq, S&P 500 weekly preview: Focus on Disney, Arm earnings reports

US stocks ended last week on a high note after a weaker-than-expected April jobs report boosted optimism that the Federal Reserve could soon lower interest rates.

The Dow Jones Industrial Average soared by 450.02 points, or 1.18% on Friday, closing at 38,675.68. The S&P 500 jumped 1.26% to 5,127.79, marking its strongest day since February. Meanwhile, the Nasdaq Composite climbed 1.99%, finishing at 16,156.33.

All major indices ended the week with gains. The Dow rose 1.14%, the Nasdaq advanced 1.43%, and the S&P 500 gained 0.55%.

Notably, the nonfarm payrolls (NFP) report released on Friday showed that 175,000 jobs were created in April, significantly below the... More

Midday movers: Apple slips; Palantir and Micron gain

(Updated - May 6, 2024 11:21 AM EDT)

Investing.com -- Main U.S. indexes rose Monday, adding to recent gains amid hopes the Fed will begin cutting interest rates later this year following soft jobs data last week.

Here are some of the biggest U.S. stock movers today:

Apple (NASDAQ: AAPL) shares declined 0.7%, retreating from gains in the prior two sessions, after Warren Buffett's Berkshire... More

Apple shares dip premarket after Buffett's Berkshire Hathaway cuts stake

Investing.com -- Shares in Apple (NASDAQ: AAPL) edged lower in premarket U.S. trading on Monday after investment icon Warren Buffett's Berkshire Hathaway (NYSE: BRKa) slashed its stake in the tech group.

In its first-quarter... More

Elon Musk calls on Warren Buffet to take a stake in Tesla (TSLA)

Tesla (NASDAQ: TSLA) CEO Elon Musk took to X (formerly Twitter) to call on Warren Buffet and his investment conglomerate Berkshire Hathaway (NYSE: BRK-A, BRK-B) to take a stake in the automaker, after if was reported the "Oracle of Omaha" offloaded a... More

Apple (AAPL) PT Raised to $185 at DZ Bank

DZ Bank analyst Ingo Wermann raised the price target on Apple (NASDAQ: AAPL) to $185.00 (from $180.00) while maintaining a Hold rating.... More

Active options: AAPL TSLA NVDA AMD AMZN META GOOGL PLTR COIN MSFT

Active options: AAPL TSLA NVDA AMD AMZN META GOOGL PLTR COIN MSFT

Apple (AAPL) call put ratio 2 calls to 1 put as share price up 5.9%

Apple (NASDAQ: AAPL) 30-day option implied volatility is at 18; compared to its 52-week range of 16 to 31 into Apple holding an event on May 7 and hosting its annual Worldwide Developers Conference (WWDC) from June 10 through 14, 2024. Call put ratio 2 calls to 1 put.

Active options: AAPL TSLA NVDA AMD AMZN COIN PLTR META SOFI

Active options: AAPL TSLA NVDA AMD AMZN COIN PLTR META SOFI

Apple (AAPL) PT Raised to $230 at BofA Securities, 'many positive catalysts ahead'

BofA Securities analyst Wamsi Mohan raised the price target on Apple (NASDAQ: AAPL) to $230.00 (from $225.00) while maintaining a Buy rating.

The analyst comments "The thesis for our upgrade to Buy earlier this year (see our note) is playing out with: (1) strong multi-year... More