Let's turn now to the latest on trade. President Trump commenting this morning on Squawkbox about negotiations with China and India. Megan Cassella has the highlights.Hi Megan. >> Hey you guys, good morning. So quite a newsy interview especially on the trade front this morning.The president really touting the deals that he struck with the European Union with other countries as well. But he also talked about one country whose tariff rates might change before that implementation date on Thursday and that's In ...

NEW YORK, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Apple Inc. ("Apple" or the "Company") (NASDAQ: AAPL) and certain officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 25-cv-05197, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Apple securities between June 10, 2024 and June 9, 2025, both d ...

NEW YORK, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Apple Inc. (NASDAQ: AAPL) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Apple, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases-investigations/apple-inc-class-action-lawsuit. Investors have until August 19, 2025, to ask the Court to be appoint ...

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Summary of Key Points from the Conference Call Industry Overview - The conference call focuses on the **Global Cloud Capital Expenditure (Capex)** in the **US Technology** sector, particularly among the largest global hyperscalers. Core Insights and Arguments 1. **2025 Cloud Capex Growth**: - Global Cloud Capex is projected to reach **$445 billion** in 2025, reflecting a **56% year-over-year (Y/Y)** growth, which is **12 percentage points** higher than previous estimates [3][6][24]. - The increase is primarily driven by positive revisions from major companies such as **Microsoft**, **Amazon**, and **Alphabet**, which account for over **90%** of the upward revision [3][6]. 2. **2026 Preliminary Consensus**: - The preliminary consensus for 2026 Cloud Capex is estimated at **$518 billion**, indicating a **16% Y/Y** growth, but with a potential upward bias suggesting growth could exceed **30%** [3][6][16]. 3. **Capital Intensity**: - Cloud Capex is expected to account for **18.4%** of revenue in 2025, marking a **5 percentage point** increase Y/Y and setting a new record [3][13]. 4. **Major Contributors to Growth**: - The largest contributors to the Y/Y growth in 2025 Capex include **Amazon** (+$34.3 billion), **Alphabet** (+$32.2 billion), **Meta** (+$31.5 billion), and **Microsoft** (+$25.3 billion), collectively accounting for **77%** of the growth [3][6]. 5. **Future Spending Trends**: - The call highlights a trend of increasing capital expenditures directed towards **AI infrastructure** to address compute shortages and support complex workloads, with executives expressing confidence in the returns from these investments [24][25]. 6. **Non-GPU/ASIC Spending**: - For 2025, non-GPU/ASIC cloud capex is tracking to **56-66% Y/Y** growth, while for 2026, estimates vary significantly, with consensus suggesting only **3% Y/Y** growth, while Morgan Stanley's estimates imply **27% Y/Y** growth [26][30]. Additional Important Insights 1. **Revisions in Capex Estimates**: - Consensus estimates for 2025 Capex have been revised upwards by more than **50%** (or **$150 billion**) over the past year, indicating a trend of conservative initial forecasts [20][23]. 2. **Monthly Token Processing Growth**: - Monthly tokens processed by major cloud service providers indicate a growing demand for AI inference, suggesting robust growth in cloud services [21][22]. 3. **Investment in Short-lived Assets**: - Companies like **Microsoft** and **Meta** are expected to allocate a growing portion of their capital expenditures towards short-lived assets such as CPU/GPU servers and networking equipment [24][25]. 4. **Potential for Further Revisions**: - There is an expectation that both consensus and Morgan Stanley's 2026 Capex estimates may trend higher in the coming months due to ongoing strength in AI infrastructure spending [20][24]. 5. **Revenue Exposure to Cloud Capex**: - A detailed analysis of over **50 technology companies** shows an average revenue exposure of **38%** to cloud capex, highlighting the significant impact of cloud spending on the broader technology sector [32]. This summary encapsulates the key points discussed in the conference call, providing insights into the current and future landscape of cloud capital expenditures among major technology companies.

Live Chat on The Biotech Forum has been dominated by discussion of covered call opportunities in recent quarters. To see what I and the other season biotech investors are targeting as trading ideas real-time, just initiate your free trial into The Biotech Forum by clicking HERE .Apple Inc. (NASDAQ: AAPL ) is the only one of the Magnificent Seven other than Tesla, Inc. ( TSLA ) whose shares are down for 2025. They are down some 19% so far this year and just over 25% from their highsBret leads the investing g ...

Core Viewpoint - A class action lawsuit has been filed against Apple Inc. for allegedly misleading investors regarding the integration of AI features into its Siri digital assistant, which has negatively impacted the company's stock performance and sales projections [3][4][5]. Group 1: Allegations and Impact - The lawsuit claims that Apple misrepresented the timeline for integrating advanced AI features into Siri, leading to doubts about their availability in the iPhone 16 [3]. - The absence of these AI capabilities is believed to have adversely affected iPhone 16 sales and overstated Apple's business outlook and financial projections [3]. - Following the announcement of an indefinite delay for Siri updates on March 7, 2025, Apple's stock price experienced a decline [4]. Group 2: Analyst Reactions - On March 12, 2025, Morgan Stanley analyst Erik Woodring reduced Apple's price target from $275 to $252, attributing this to the Siri delays impacting iPhone upgrade cycles [5]. - Approximately 50% of users who chose not to upgrade to the iPhone 16 cited the lack of promised AI features as a reason for their decision [5]. Group 3: Media Criticism - An article published by The Wall Street Journal on April 3, 2025, criticized Apple for failing to deliver on promised AI features, resulting in a stock price drop of over 7% [6]. - At the Worldwide Developers Conference on June 9, 2025, Apple did not provide significant updates on advanced Siri capabilities, leading to another decline in stock price [7]. Group 4: Legal Context - The law firm Robbins Geller Rudman & Dowd LLP, leading the class action, has a history of securing significant recoveries in securities fraud cases, including a $490 million recovery in a previous case involving Apple [8].

Core Viewpoint - Barclays maintains an underweight recommendation on Apple, raising its price target slightly to $180 from $173, reflecting ongoing concerns about the company's performance and market position [2]. Group 1: Company Performance - Apple's hardware business shows inherent weakness, with modest growth reported in the fiscal third quarter attributed to forward purchasing ahead of anticipated tariffs [4]. - The stock experienced only a 0.5% increase following Barclays' analysis, indicating a lack of investor enthusiasm [1]. Group 2: Market Challenges - Intensifying competition in China poses a significant threat to Apple's market share in this crucial market [5]. - Regulatory scrutiny around app marketplaces, particularly the App Store, raises concerns about potential revenue impacts for Apple Services [6]. Group 3: Industry Context - The recent legal defeat of Alphabet's Google regarding its Google Play marketplace highlights increasing regulatory challenges that could also affect Apple [7].

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Core Insights - Apple held a rare companywide meeting to discuss its investment in artificial intelligence (AI) [1] - CEO Tim Cook expressed optimism about Apple's AI future and mentioned "exciting" plans that could not be disclosed [2] - Apple is facing challenges in winning over customers and investors with AI features, particularly with the latest version of Siri [2] Group 1: Meeting Highlights - The meeting was the first all-hands gathering in several years, indicating a significant focus on AI [3] - Cook stated that Apple is making "good progress" on integrating more AI capabilities into Siri, with updates expected next year [3] - The goal is to create a "more personalized" Siri, with features like live translation and "workout buddies" being developed [4] Group 2: Investment Strategy - Cook announced that Apple is significantly increasing its investments in AI, similar to actions taken in the fiscal second quarter [4] - The company is open to mergers and acquisitions (M&A) that could accelerate its AI roadmap, with interest in acquiring Perplexity AI, an AI-powered search engine [5] - Apple has primarily focused on acquiring smaller firms this year but is not opposed to larger acquisitions [5] Group 3: Resource Allocation - Cook mentioned that Apple is reallocating a significant number of personnel to focus on building AI features [6] - The potential acquisition of Perplexity AI, which has reached an $18 billion valuation, could enhance Apple's capabilities in AI and commerce [7]