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Business Insider
21 minutes ago
- Business Insider
Investors Are Pressuring Apple (AAPL) to Make a Major AI Acquisition
Tech giant Apple (AAPL) is feeling the pressure from investors to change how it does business in order to catch up with its artificial intelligence tech. So far in 2025, Apple's stock has dropped by more than 16%, which has wiped out over $640 billion in market value. A big reason is that Apple has been slow to release impressive AI features for its products. Analysts say that this is partly because Apple avoids large acquisitions. But some now believe that Apple needs to break from tradition and either buy or invest heavily in a major AI company. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Indeed, other tech companies, like Meta (META), are spending huge amounts on AI and attracting top talent, which has helped their stock prices rise. Meanwhile, Apple has been more cautious, but that might be changing. According to Bloomberg, Apple has discussed the possibility of buying Perplexity AI, a startup recently valued at $14 billion. This would bring new talent and AI capabilities to Apple, especially in search tools. In addition, Wedbush analyst Dan Ives said that even a $30 billion deal would be worth pursuing, calling it a 'no-brainer' given how much Apple could gain from stronger AI features. Apple has also reportedly thought about using outside AI technology to upgrade Siri, rather than building it all in-house. Furthermore, there are signs of leadership changes inside Apple. In fact, Chief Operating Officer Jeff Williams is retiring, and longtime CFO Luca Maestri left last year. While CEO Tim Cook is expected to stay, Bloomberg reports that the company is preparing for a wider shake-up. Some experts believe that this could be a good thing. For example, analysts at LightShed Partners said that missing out on AI could seriously harm Apple's future, and even suggested that Cook himself should be replaced. Is Apple a Buy or Sell Right Now? Turning to Wall Street, analysts have a Moderate Buy consensus rating on AAPL stock based on 15 Buys, 10 Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average AAPL price target of $228.29 per share implies 9.4% upside potential.
Yahoo
3 hours ago
- Yahoo
60 best extended Amazon Prime Day deals you can still shop in Canada — Apple, Nespresso, Dyson and more
Amazon Prime Day is officially over, but Canadians still have a chance to save big. Right now, you can find hundreds of extended deals up to 88 per cent off on Amazon Canada. We've rounded up some of the very best post-Prime Day deals, ranging from kitchen, home and cleaning essentials to gifts for him and her. To help you stay organized and focus on what's important (saving you money!), we've listed the best last-chance deals by category to make things easier. To see what's still up for grabs even after Amazon Prime Day, keep scrolling for all of the details below. Shop extended Amazon Prime Day personal care deals Shop extended Amazon Prime Day tech deals Shop extended Amazon Prime Day kitchen deals Shop extended Amazon Prime Day home deals Shop extended Amazon Prime Day beauty deals Shop extended Amazon Prime Day fashion deals Shop extended Amazon Prime Day lawn & garden deals Save 80%: Bluetooth Smart Watch | Shop for $50 (was $250) Take 43% off JBL Tune 520BT Headphones | Shop for $40 $70 Save 80%: Bluetooth Speaker | Shop for $40 (was $200) Take 25% off Apple AirPods Pro 2 Wireless Earbuds | Shop for $247 $329 Save 80%: Wireless Earbuds | Shop for $30 $150 28% off: Garmin vívoactive 5 Smartwatch| Shop for $289 $400 Save 56%: JBL Vibe Beam True Wireless Earbuds | Shop for $44 $99 83% off a Power Bank Portable Charger | Shop for $34 $200 Take 60% off an SGIN 17.3-inch Laptop | Shop for $330 $825 68% off: Canupdog 10.1 WiFi Digital Photo Frame | Shop for $65 $200 Take 48% off a Nespresso Vertuo Pop+ Deluxe Coffee Machine | Shop for $99 $18 38% off: Hamilton Beach 3-in-1 Electric Egg Cooker | Shop for $18 $29 Save 42%: Keurig K-Iced Single Serve K-Cup Pod Coffee Maker | Shop for $70 $120 30% off a Philips Series 3300 Automatic Espresso Coffee Machine | Shop for $700 $1,000 Take 38% off an ecozy Countertop Ice Maker | Shop for $99 $160 Save 19% on a CyberChill Slushie Machine | Shop for $243 $300 31% off: KitchenAid Digital Air Fryer Countertop Oven | Shop for $200 $288 Save 77% on a Canoly Masticating Juicer | Shop for $149 $640 Take 38% off a Keurig K-Supreme Plus K-Cup Pod Coffee Maker | Shop for $130 $209 52% off: HOSHANHO Kitchen Knife| Shop for $38 $80 66% off: Cordless Vacuum Cleaner | Shop for $170 $500 Save 80%: MORENTO Air Purifier | Shop for $116 (was $576) 54% off: Mkicesky Cervical Support Pillow | Shop for $46 $100 Save 79%: Adjustable Small Standing Desk | Shop for $85 (was $400) 53% off: eufy S1 HydroJet Robot Vacuum and Mop Combo | Shop for $855 $1,800 Save 73%: Sperax 4-in-1 Walking Pad | Shop for $220 $800 76% off: High-Pressure 10-Mode Handheld Shower Head | Shop for $34 $139 Save 33% on a Shark Vertex DuoClean PowerFin Upright Vacuum | Shop for $300 $450 88% off a YKYI Electric Spin Scrubber | Shop for $50 $400 Take 26% off a Dyson Purifier Hot+Cool | Shop for $665 $900 Save 20% on Philips Sonicare Power Flosser | Shop for $80 $100 28% off: CeraVe SALICYLIC ACID Cleanser | Shop for $16 $22 Take 20% off L'Oréal Paris Telescopic Mascara | Shop for $11 $13 29% off: Oral-B Pro Limited Electric Toothbrush | Shop for $85 $120 Save 24%: COSLUS Water Teeth Flosser | Shop for $35 $46 40% off: Professional Hair Dryer | Shop for $30 $50 Save 20% on a Wavytalk Thermal Brush | Shop for $64 $80 73% off an IPL Hair Removal Device | Shop for $70 $260 Take 53% off a Portable Mini Electric Razor | Shop for $47 $100 Save 20% on amika PERK UP Dry Shampoo | Shop for $31 $39 27% off: Always Pure Cotton Feminine Pads (24 Count) | Shop for $8 $11 Save 20% on Cascade Dishwasher Detergent Pods | Shop for $20 $25 34% off Microfibre Cleaning Cloths (Pack of 8) | Shop for $9 $13 Take 19% off Duracell 2032 Lithium Battery (6 Count) | Shop for $13 $16 Save 39% on Sheep Wool Dryer Balls (Pack of 6) | Shop for $12 $20 Save 16% on Always Discreet Adult Incontinence Pads (Pack of 104) | Shop for $60 $72 25% off: Tampax Pearl Tampons (34 Count) | Shop for $9 $12 Take 15% off Post-it Super Sticky Lined Notes (5 Notepads) | Shop for $21 $25 23% off: Oxo 1285700CM Deep Clean Brush Set | Shop for $14 $18 Save 24%: Scotch-Brite 228 Heavy Duty Scour Pad (8 Count) | Shop for $35 $46
Yahoo
3 hours ago
- Yahoo
TSMC quarterly profit seen soaring to record but Trump tariffs, forex a concern
By Wen-Yee Lee TAIPEI (Reuters) -TSMC, the world's main producer of advanced AI chips, is expected to post a 52% jump in second-quarter profit to record levels, though U.S. tariffs and a strong Taiwan dollar could weigh on its outlook. Artificial intelligence-related demand continues to boom and while foundry industry revenue will probably grow 17% to 18% this year, sales for TSMC, by virtue of its market-leading position, will likely expand closer to 30%, said Mario Morales, group vice president at research firm IDC. Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker and a key supplier to Nvidia and Apple, is forecast to report net profit of T$377.4 billion ($12.9 billion) for the three months through June 30, according to an LSEG SmartEstimate compiled from 21 analysts. SmartEstimates place greater weight on forecasts from analysts who are more consistently accurate. TSMC has already flagged a rise in second-quarter revenue of 38.6%. Any profit result above T$374.68 billion would mark the company's highest-ever quarterly net income and its sixth consecutive quarter of profit growth. It remains unclear just how much U.S. President Donald Trump's tariffs will affect TSMC. Taiwan was threatened with a 32% reciprocal tariff rate in April but has yet to be notified of an updated figure that some countries have received. Trump also said this month that tariffs on semiconductors are likely to come soon. The company said in June that U.S. tariffs were having some indirect impact, noting they can lead to slightly higher prices, which may in turn weigh on demand. In March, TSMC announced a $100 billion investment in the U.S. alongside Trump at the White House, on top of $65 billion pledged for three Arizona plants - two of which have been built. Another key issue is the Taiwan dollar's 12% appreciation against the greenback so far this year. "The exchange rate is a bigger concern as so much TSMC revenue is in USD," said Dan Nystedt, vice-president at TriOrient, an Asia-based private investment firm. TSMC has said a 1% appreciation in the Taiwan dollar typically reduces its gross margin by 0.4 percentage points. In June, the company said the Taiwan dollar's appreciation had shaved more than 3 percentage points off its gross margin. The company is due to report on Thursday and will provide third-quarter guidance during an earnings call scheduled for 0600 GMT. Shares in TSMC surged some 80% last year but have climbed just 3.7% for the year to date on worries about tariffs and unfavourable currency rates. ($1 = 29.2610 Taiwan dollars) 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