Bespoke EV-Maker Backed by Bezos To Take on Tesla
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
Apple's AI Momentum Is Building -- Here's What It Means for Investors
Key Points Apple's revenue in its latest quarter was its highest-ever in one of its June quarters. The $3.5 billion Apple spent on capital expenditures was the most since its fiscal quarter that ended in January 2023. Apple's stock is now trading closer to its five-year average after falling this year. 10 stocks we like better than Apple › Apple (NASDAQ: AAPL) has long been one of the premier stocks on the U.S. stock market, spending most of the past decade as the world's most valuable public company. However, the company has seemingly taken a step back in the past few years as the artificial intelligence (AI) boom has boosted the value of many other big tech companies. In the past three years, Apple's stock is only up around 30%, making it the second-worst performer of the "Magnificent Seven" stocks (trailing only Tesla) and underperforming the S&P 500. That's not something investors are used to seeing from Apple. Despite Apple seemingly lagging behind, there could possibly be a breath of fresh air coming to the company, sparking new life into the stock. A much-needed rebound for the iPhone and Mac products Apple's fiscal third-quarter earnings, for the period ended June 28, were a pleasant surprise for many people. Its revenue grew nearly 10% year over year to $94 billion, which is a June quarter record for the iPhone maker. And speaking of iPhone, the smartphone's revenue grew 13% year over year to $44.6 billion, which Apple noted was driven by the popularity of the iPhone 16 family. Mac (which includes products like MacBook Pro, MacBook Air, iMac, and Mac Studio) revenue grew 15% year over year to $8 billion, but iPad and wearables, home, and accessories sales were noticeably down -- 8% and 9% year over year, respectively. Still, Apple's hardware revenue grew by 8% year over year and accounted for nearly 71% of its total revenue for the quarter. Apple's services segment reached an all-time high, bringing in $27.4 billion, but hardware remains -- and will likely remain -- king for the company. Apple's year-over-year revenue growth was its highest in the past three years. Is Apple finally getting serious about AI? The big cloud hanging over Apple's business has been AI (what it calls "Apple Intelligence"), and the lack of urgency in the space compared to rivals like Alphabet and Microsoft. It seems Apple is beginning to take it more seriously and address this issue. A major advantage on Apple's side is the number of devices it has in people's pockets, homes, and offices. Ideally, Apple can integrate AI into its various hardware, giving people even more of a reason to choose it over competitors. This has been the plan for a while, but it hasn't gone as smoothly or as quickly as most people thought or hoped. That should change soon, with Apple's management noting on its latest earnings call that Apple is "increasing [its] investment significantly in AI," both in infrastructure and company personnel. In its latest quarter, Apple spent nearly $3.5 billion on capital expenditures, its most since its fiscal quarter that ended in January 2023. Apple has always moved cautiously and with intention. These new AI investment developments don't strike me as the company just now coming to its senses, but more so Apple feeling like now is the right time (a lagging stock price sure helps it come to that realization). Apple's stock looks like a good entry point for investors At the time of this writing, Apple is trading at 29 times its projected earnings for the next year. That's the second-lowest out of the "Magnificent Seven" stocks and below the 35 it was at to start this year. That alone doesn't make Apple a buy right now, but it does give it a lot more upside now than before. This is especially true if its new AI prioritization plays out as management envisions. With $133 billion in cash and marketable securities to its name, Apple has all the resources it needs to ensure it keeps pace in the AI race. Should you buy stock in Apple right now? Before you buy stock in Apple, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Apple wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Stefon Walters has positions in Apple and Microsoft. The Motley Fool has positions in and recommends Alphabet, Apple, Microsoft, and Tesla. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Apple's AI Momentum Is Building -- Here's What It Means for Investors was originally published by The Motley Fool
Yahoo
30 minutes ago
- Yahoo
I'm 50 and have just $60K for retirement because I burned through my 401(k) to care for my parents. Am I too far behind?
Josh was working a job he loved, but not saving a lot. He knew he should be putting more away for retirement, but life kept getting in the way. Then his parents got sick. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Everything he thought he would have time to plan for caught up with him, and now, he's worried he'ill never be able to retire. At 50 years old, he doesn't have a lot of time left to save. His total retirement nest egg is $60,000. When he had to quit his job to take care of his parents, it took a huge bite out of his savings. He left the job before he was fully vested, so he lost some of the employer contributions to his 401(k). He also made withdrawals from his 401(k), which came with penalties. Luckily, he owns his home and is ready to downsize, in order to lessen the burden of keeping up both an aging house and a big yard. Since the house needs some work, he thinks he would net about $400,000 if he sold it. Josh has now returned to the workforce, with a new job that brings in $40,000 a year. He wants to figure out how to maximize his savings and rebuild his retirement plan. Do I have to delay retirement? It's becoming more commonplace that Americans choose to delay retirement because they are in a situation like Josh's. According to a recent survey by F&G Annuities & Life of 2,000 Americans over 50, 23% have already chosen to delay retirement — a jump from 14% in 2024. Reasons people gave for this decision included worries about having enough retirement savings, worries about inflation and fears of a stock market downturn. The survey also found that 70% of respondents were considering or were delaying when they would leave the workforce. Another survey by Northwestern Mutual found that 51% of respondents said it's somewhat or very likely that their retirement savings could run out. When 4,500 Americans over 18 were asked how much they thought they needed to save to retire, the 'magic number' was $1.26 million. But for those who have begun saving, 25% say they have a year or less of their annual salary in savings. How much does the average American actually have saved? The most recent data, from the 2022 Survey of Consumer Finances, found the median retirement savings of Americans to be $87,000. A far cry from $1.26 million, but close to where Josh currently finds himself. Still, his savings are low for his age. According to the Northwestern survey, 52% of gen-Xers say they have three times their current annual income or less saved. Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. How can I reach my retirement goals? Josh's first step to grow his savings should be to contribute the maximum amount that his new employer will match for his 401(k). It's always best to take advantage of the full matching amount from your employer, since it's essentially free money. Since he is over 50, Josh can also make catch-up contributions, which he should also aim to make. If he decides to sell his house and downsize, he could use some of the profits toward catch-up contributions. Since Josh thinks his aging house will end up costing more as time passes, he should strongly consider moving to a smaller home with less maintenance issues. He should also develop a budget with aggressive savings built in, trimming down any non-essentials that he can. There is hope that Josh could one day retire, but to maximize both the amount he's able to earn, and the Social Security benefits that he will receive when he does retire, he should strongly consider delaying starting Social Security for as long as possible. Since Josh was born after 1960, the full retirement age for him is 67. However, if he waited until 70 to start his benefits, he would receive 24% more a month, which could go a long way to ensure his retirement is well funded. What to read next Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
Yahoo
39 minutes ago
- Yahoo
Air Force wants to buy Tesla Cybertrucks to blow up for target practice, report says
The Air Force is looking to buy Tesla Cybertrucks to blow up for target practice. The service was looking to buy two Cybertrucks to use as targets for precision-guided munitions, citing concerns that enemies may soon start to use them on the battlefield, according to federal contracting documents shared online. The Cybertrucks - made by Elon Musk's Tesla - are among 33 target vehicles that the Air Force Test Center is ordering for 'live missile fire testing' at the White Sands Missile Range in New Mexico. There are no other name-brand requirements for the other vehicles on the training center's shopping list, which also includes sedans, bongo trucks, pickup trucks and SUVs. According to the contract, the two Cybertrucks had to be towable, but not functional, and have all fluids drained before their delivery. The news of the request for Cybertrucks was first published by The War Zone. In a document detailing why the Tesla vehicles were specifically needed, the contract noted it was 'likely' that U.S. adversaries may start to use Cybertrucks on the battlefield. 'The type of vehicles used by the enemy may transition to Tesla Cyber trucks as they have been found not to receive the normal extent of damage expected upon major impact,' the document says. Musk, the Tesla CEO, claimed the Cybertruck was 'apocalypse proof' when he first launched the vehicle in 2023, but it was not immediately clear if the company would do anything to prevent the vehicles from getting into the hands of US enemies. Tesla and the US Air Force did not immediately return requests for comment from The Independent. News of the Air Force looking to conduct target practice on Cybertrucks comes two months after tech boss Musk and his longtime ally, President Donald Trump, had a very messy, public falling out. After Musk's time leading the Department of Government Efficiency came to a close in May, the two powerful men got into a very public fight that concluded with Musk issuing a grovelling apology, only to blow up again weeks later. After staging a farewell press conference in the Oval Office, Musk and Trump's relationship took a turn for the worst when Musk began to publicly criticize Trump's 'big, beautiful bill.' Trump went on to claim that Musk was 'wearing thin,' as the two men traded blows on their respective social media platforms. The brawl eventually concluded with Musk posting, without evidence, 'Time to drop the really big bomb. @realDonaldTrump is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT!' He later deleted the post. Solve the daily Crossword
