Apple Investors Reject Call to End DEI Efforts at Annual Meeting
The company conducted the votes as part of its annual meeting, held virtually on Thursday, with Chief Executive Officer Tim Cook and General Counsel Kate Adams leading the proceedings. In line with Apple's recommendations, investors also spurned a proposal that demanded a transparency report on its decisions related to child sex abuse material, or CSAM, and a measure about charitable giving practices.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
Palo Alto Networks (PANW) to Acquire CyberArk in $25 Billion AI Security Deal
Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the . On July 30, Reuters reported that Palo Alto Networks has agreed to buy Israeli peer CyberArk Software for an estimated $25 billion, its biggest deal yet. CEO Nikesh Arora strives to develop a comprehensive cyber security provider to capitalize on AI-driven demand. The cash-and-stock deal is one of the largest technology deals of the year. By acquiring CyberArk, Palo Alto will be able to broaden its cybersecurity services, adding identity security tools, and enhancing its appeal to large enterprise customers. A young professional in a workspace with a laptop demonstrating the company's anti-virus security & privacy protection services. 'The rise of AI and the explosion of machine identities have made it clear that the future of security must be built on the vision that every identity requires the right level of privilege controls.' -Arora said in a statement. Palo Alto Networks, Inc. (NASDAQ:PANW) is a leader in AI-powered cybersecurity. While we acknowledge the potential of PANW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Must-Watch AI Stocks on Wall Street and Disclosure: None.
Yahoo
23 minutes ago
- Yahoo
Apple (AAPL) Poised for Major Cash Windfall Thanks to Big Beautiful Bill
Apple Inc. (NASDAQ:AAPL) is one of the . On July 30, Morgan Stanley reiterated the stock as 'Overweight.' According to the firm, One Big Beautiful Bill Act (OBBBA) will offer a significant boost to free cash flow (FCF) across the IT hardware sector. It noted that Apple is one of the big beneficiaries of the Big Beautiful bill. 'We estimate the One Big Beautiful Bill Act (OBBBA) can add 12% upside to our IT Hardware coverage FCF in 2025, and 5%, on average, annually, to our coverage over the next 4 years,' Through the bill, companies will be able to immediately deduct R&D and capital investment expenses from U.S. taxes. This will accelerate their tax savings and increase near-term cash flow. 'We estimate that over the next 4 years, the [One Big Beautiful Bill] will add a cumulative $20.3B of upside to our AAPL [free-cash flow] forecast, all else equal, which equates to an average annual FCF tailwind of 4%.' The firm projects the legislation will generate more than $12 billion in incremental cash flow for covered names over the next year, as well as $20 billion cumulatively over four years. 'This benefit is mostly about timing, as it pulls forward future tax savings rather than changing the long-term cash flow picture,' the analysts said. Apple is a technology company known for its consumer electronics, software, and services. While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Must-Watch AI Stocks on Wall Street and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23 minutes ago
- Yahoo
Marvell (MRVL) Remains in AI Winners Camp as Morgan Stanley Nudges Target Higher
Marvell Technology, Inc. (NASDAQ:MRVL) is one of the . On July 30, Morgan Stanley analyst Joseph Moore raised the price target on the stock to $80.00 (from $73.00) while maintaining an 'Equal Weight' rating. 'Marvell is firmly in the AI winners camp, and sentiment has swung aggressively negative compared to a few months ago,' Moore wrote. 'We are more excited for their opportunity in optical, which brings higher margin and durability vs. their ASIC opportunity, which has disappointed.' An analyst studying a graph of a company's asset value and potential cash flow. Moore expects Marvell to benefit from strong AI demand in the coming year. 'While stock prices have moved higher, our conviction on AI spend durability in 2026 continues to grow.' Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors, focusing heavily on data centers. While we acknowledge the potential of MRVL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Must-Watch AI Stocks on Wall Street and Disclosure: None.
