Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
Investors reacted to a new multiyear agreement under which Broadcom will provide custom application-specific integrated circuit chips for future Apple devices, extending a long-running supply relationship.
THE APEX TIMES
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The aerospace manufacturer said the outage impacted certain systems and applications, told Reuters it does not have reason to believe it was caused by a cyberattack, and said its IT team was working to restore services.
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In a June 29 note, Cantor Fitzgerald raised its price target on Intel to $150 from $90 while keeping a Neutral rating, arguing that the artificial-intelligence infrastructure cycle is both durable and extended by supply-chain limits.
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The firm lifted its price target on Advanced Micro Devices (NASDAQ: AMD) to $615 from $505 while keeping an Overweight rating, pointing to resilience in EPYC server central processing unit demand and a more optimistic outlook for data center graphics revenue.
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NVIDIA is working with Valar Atomics on a small data-center concept in Utah tied to the nuclear startup’s microreactor, reflecting a growing push to rethink how “AI factories” are powered and cooled.
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The cuts, equal to roughly 2.1% of Microsoft’s workforce, follow the company’s continued shift toward artificial intelligence and come with internal messaging that frames the move as part of an overhaul in gaming operations.
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Vanguard’s Small-Cap ETF leans on low fees and broad exposure, while JPMorgan’s BetaBuilders fund has delivered stronger recent performance but with higher volatility and a higher expense ratio.
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A reported long-term chip-supply agreement between Micron and Ford highlights how vehicle makers are trying to reduce risk as memory demand is increasingly pulled by AI and data-center computing.
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The bank downgraded its stance on the North American freight transportation sector, citing a strengthening recovery, while indicating that expected upside may be more limited than investors had priced in.
