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Yahoo
4 days ago
- Business
- Yahoo
Apple CEO Tim Cook Says the Technology They're Developing Will Be ‘One of the Most Profound Technologies of Our Lifetime'
In Apple's fiscal Q3 2025 earnings call, CEO Tim Cook doubled down on the company's commitment to artificial intelligence (AI), framing it as both a transformative technology and a natural extension of Apple's product philosophy. Cook's remarks position AI not as a standalone product line, but as a deeply integrated layer across Apple's ecosystem — powered by its own silicon and fortified by its privacy-first principles. 'We see AI as one of the most profound technologies of our lifetime,' Cook said. 'We are embedding it across our devices and platforms and across the company. We are also significantly growing our investments.' More News from Barchart UnitedHealth Stock Soars as Warren Buffett's Berkshire Hathaway Discloses $1.57B Stake Palantir CEO Alex Karp Sees More Gains Ahead With America-Focused Growth Strategy, Calls U.S. The 'Leader of the Free World' Lucid Motors Is Caught in a Tariff Trap. Is LCID Stock More Likely to Hit $1 or $7 in 2025? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. AI as a Core Growth Driver The remarks come as Apple (AAPL) continues to face a rapidly evolving competitive landscape in AI, with rivals like Microsoft (MSFT), Google (GOOGL) (GOOG), and OpenAI pushing cloud-based generative AI tools to the forefront. Apple's strategy, however, appears to hinge on on-device intelligence — leveraging its custom Apple silicon chips to run advanced AI models directly on iPhones, iPads, and Macs without relying solely on the cloud. Cook emphasized that Apple's approach is about making advanced technology accessible, echoing a familiar refrain in the company's history from the Macintosh to the iPhone. He specified, 'Apple has always been about taking the most advanced technologies and making them easy to use and accessible for everyone. And that's at the heart of our AI strategy.' Apple Intelligence: Early Rollout and Upcoming Features Apple's branded AI initiative, Apple Intelligence, has already delivered more than 20 features, including visual intelligence, photo cleanup, and advanced writing tools. Cook noted the company is also making 'good progress' on a more personalized Siri — a feature he says is slated for release in 2026. The underlying technology runs primarily on-device, thanks to the efficiency and performance of Apple silicon. For more demanding AI tasks, Apple's private cloud compute — also powered by its own chips — handles the processing, allowing for greater capabilities while still preserving user privacy. Privacy as a Differentiator Cook was clear in positioning privacy as a central pillar of Apple's AI value proposition. The private cloud compute architecture, designed to minimize the amount of user data leaving the device, is a counterpoint to competitors that require extensive cloud data processing. The CEO argued that this hybrid approach — balancing on-device AI with selective, secure server-based computing — offers 'the best way for users to experience the full potential of generative AI' without sacrificing security or personal data integrity. Investment and Market Implications While Apple did not disclose specific dollar figures for its AI investments during the call, Cook's comment that the company is 'significantly growing' its AI spend suggests an accelerated development roadmap. Analysts see Apple's AI integration as a potential catalyst for device upgrade cycles, particularly as consumers begin to associate premium smartphones and computers with advanced personal AI capabilities. This push could also help Apple defend its high-margin hardware business against a backdrop of slowing global smartphone growth. If successful, AI-powered features could extend the lifecycle of Apple devices in the market and strengthen the ecosystem lock-in that has been key to Apple's long-term profitability. Looking Ahead Apple's next major software releases in 2026 will be a critical test of whether its AI strategy resonates with consumers and developers alike. The integration of AI into Siri, along with more contextually aware and personalized device interactions, could reshape how users engage with their devices on a daily basis. In the near term, investors will be watching to see if these AI advancements translate into tangible revenue growth — either through device sales, services expansion, or entirely new monetization channels. On the date of publication, Caleb Naysmith did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
4 days ago
- Business
- Yahoo
Insiders Are Snatching Up Newegg Stock. Should You?
Newegg (NEGG) closed nearly 40% higher on Thursday after data showed an insider has been loading up on company shares since early July. Vladimir Galkin has bought over 150,000 shares of the e-commerce firm in August (to date) on top of more than 1.2 million NEGG shares he bought last month. More News from Barchart UnitedHealth Stock Soars as Warren Buffett's Berkshire Hathaway Discloses $1.57B Stake Palantir CEO Alex Karp Sees More Gains Ahead With America-Focused Growth Strategy, Calls U.S. The 'Leader of the Free World' Lucid Motors Is Caught in a Tariff Trap. Is LCID Stock More Likely to Hit $1 or $7 in 2025? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Newegg stock has been nothing short of life-changing for investors in 2025. At the time of writing, it's trading at $90 – up a massive 2,875% from its year-to-date low. What Galkin's Purchases Mean for Newegg Stock Galkin's recent investments are meaningfully positive for NEGG stock since they indicate confidence in the company's future. Accumulating more than 1.3 million shares of the Nasdaq-listed firm, Galkin is essentially suggesting he sees the e-commerce stock as undervalued with significant potential for upside at current levels. This kind of insider activity often attracts retail and institutional investors, significantly fueling bullish sentiment. Plus, it reduces the available float, potentially amplifying price moves if demand rises. Why NEGG Shares Remain Unattractive to Own While Vladimir Galkin has significantly raised his stake in Newegg shares in recent weeks, caution is, nonetheless, warranted in buying them at current levels. Why? Because much of NEGG's dramatic surge this year has been related to speculative buying and retail frenzy, not fundamental strength. If anything, the Nasdaq-listed firm has actually been grappling with a revenue decline. In fiscal 2024, Newegg generated about $1.24 billion in revenue, down some 17.3% on a year-over-year basis. Newegg Doesn't Receive Coverage From Wall Street What's also worth mentioning is that NEGG stock does not currently receive coverage from Wall Street analysts as tracked by Barchart, another major red flag for serious investors. Without institutional coverage, you lack access to professional earnings forecasts, valuation models, and risk assessments. This creates an information vacuum, making it harder to gauge fair value. Moreover, it signals major funds are avoiding Newegg stock, which can limit liquidity and increase volatility. In short, despite Galkin's purchases, NEGG shares remain a speculative bet at best in the second half of 2025. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
4 days ago
- Business
- Yahoo
Stocks Are Undercut by US Consumer Sentiment Decline
The S&P 500 Index ($SPX) (SPY) is down -0.11%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.40%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.50%. September E-mini S&P futures (ESU25) are down -0.22%, and September E-mini Nasdaq futures (NQU25) are down -0.66%. Stocks are seeing downward pressure today after the weaker-than-expected US consumer sentiment index. The rest of today's US economic news was largely in line with market expectations. Today's US retail sales report was supportive of the US economic growth outlook. US stocks were undercut by a weaker global economic outlook after weak Chinese economic reports today. More News from Barchart UnitedHealth Stock Soars as Warren Buffett's Berkshire Hathaway Discloses $1.57B Stake Palantir CEO Alex Karp Sees More Gains Ahead With America-Focused Growth Strategy, Calls U.S. The 'Leader of the Free World' Lucid Motors Is Caught in a Tariff Trap. Is LCID Stock More Likely to Hit $1 or $7 in 2025? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! The markets are awaiting the outcome of this afternoon's Trump-Putin summit, which will begin at "around 3 pm ET" (11 AM Anchorage time), followed by a joint press conference, according to Reuters' description of the White House schedule. The outcome could have macroeconomic implications regarding tariffs and oil prices, and will, of course, have major implications for European security. Today's headline US retail sales report was slightly weaker than market expectations, but there was an upward revision for June, leaving the report roughly neutral for the markets. The markets welcomed the report amidst worries about how US retail spending will hold up with a weaker labor market and consumer uncertainty about inflation and the economic outlook. July US retail sales rose +0.5% m/m, slightly weaker than market expectations of +0.6%, although June was revised higher to +0.9% from +0.6%. July retail sales ex-autos rose +0.3% m/m, in line with market expectations and down from June's revised +0.8% (preliminary +0.5%). July US import prices rose +0.4% m/m, which was stronger than expectations of +0.1%. On a year-on-year basis, July US import prices strengthened to -0.2% from a revised -0.5% y/y in June. July US import prices ex-petroleum rose +0.3% m/m versus June's revised -0.2% (preliminary unchanged). The University of Michigan's preliminary-Aug US consumer sentiment index fell by -3.1 points to 58.6, which was weaker than expectations for a slight +0.3 point increase to 62.0 Today's July US industrial production report of -0.1% m/m was slightly weaker than expectations of unchanged, although June was revised upward to +0.4% m/m from +0.3%. July manufacturing production was unchanged m/m, matching market expectations, while July was revised higher to +0.3% from +0.1%. Today's Aug Empire manufacturing index of 11.9 was substantially stronger than market expectations of zero and was up from July's 5.5. The markets today will continue to adjust to the inflation outlook following Thursday's hawkish PPI report. The July final-demand PPI surged to +3.3% y/y (nominal) and +3.7% y/y (core). The PPI report suggested that the markets were overly optimistic about Tuesday's CPI report and that companies are passing through tariffs at the wholesale level at a higher pace than earlier thought. Following the report, the markets erased any hopes of a -50 bp rate cut at the Fed's September meeting and pulled back expectations for a -25 bp rate cut to 93% from 100% before the report. Weak Chinese economic reports overnight were negative for the global economic growth outlook. China's economy is weakening due to US tariffs and the Chinese government's attempt to crack down on irrational competition that has driven prices to loss-making levels in some industries. China's July retail sales report of +3.7% y/y was weaker than expectations of +4.6% and down from June's +4.8%. China's July industrial production report of +5.7% y/y was weaker than expectations of +6.0% and was down from June's +6.8%. China's July jobless rate rose to 5.2% from June's +5.0% and was higher than expectations. China's July property investment fell -12.0% ytd y/y from -11.2% in June and was weaker than expectations of -11.4%. In recent tariff news, President Trump early Tuesday extended the tariff truce with China for another 90 days until November. Last Wednesday, Mr. Trump announced that he will impose a 100% tariff on semiconductor imports. Still, companies would be eligible for exemptions if they demonstrate a commitment to building their products in the US. However, the US will levy a separate tax on imports of electronic products that employ semiconductors. Also, Mr. Trump announced last Wednesday that he will double tariffs on US imports from India to 50% from the current 25% tariff, due to India's purchases of Russian oil. Last Tuesday, Mr. Trump said that US tariffs on pharmaceutical imports would be announced "within the next week or so." According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced. Federal funds futures prices are discounting the chances for a -25 bp rate cut at 93% at the September 16-17 FOMC meeting and at 53% for a second -25 bp rate cut at the following meeting on October 28-29. Earnings reports indicate that S&P 500 earnings for Q2 are on track to rise +9.1% y/y, much better than the pre-season expectations of +2.8% y/y and the most in four years, according to Bloomberg Intelligence. With over 82% of S&P 500 firms having reported Q2 earnings, about 82% of companies exceeded profit estimates. Overseas stock markets are higher. The Euro Stoxx 50 is up +0.18%. China's Shanghai Composite closed up +0.83% but remained below Thursday's 3.75-year high. Japan's Nikkei Stock 225 rallied +1.71% but remained below Wednesday's record high. Interest Rates September 10-year T-notes (ZNU25) today are up +0.5 tick, and the 10-year T-note yield is up +0.8 bp at 4.293%. T-note prices are little changed after today's economic news was largely neutral, except for the bullish US consumer sentiment report. Bearish factors include some carry-over negativity from Thursday's hawkish PPI report and today's +1.0 bp rise in the 10-year breakeven inflation expectations rate to 4.295%. European government bond yields are higher. The 10-year German bund yield is up +4.7 bp at 2.760%. The 10-year UK gilt yield rose +2.0 bp to 4.661%. Swaps are discounting the chances at 5% for a -25 bp rate cut by the ECB at the September 11 policy meeting. US Stock Movers The Magnificent Seven are mixed today, with the largest mover being a loss of more than -1% in Nvidia (NVDA). Chip stocks are trading mostly lower today, led by a decline of more than -12% in Applied Materials and losses of more than -6% in KLA-Tencor (KLAC) and Lam Research (LRCX). Applied Materials (AMAT) is down more than -12% after disappointing management guidance. Bitcoin (^BTCUSD) is little changed today, but crypto stocks are generally trading lower, led by a sell-off of more than -6% in Riot Platforms (RIOT). UnitedHealth Group (UNH), Lennar (LEN), and DR Horton (DHI) are seeing support today after a 13F filing showed that Warren Buffett's Berkshire Hathaway bought shares in the companies during Q2. UnitedHealth Group (UNH) is up more than +10% today since 13F filings showed that David Tepper's Appaloosa Management also boosted its holdings in the health care insurer. Sandisk (SNDK) is down more than -6% after issuing disappointing management guidance. Target (TGT) is down about -0.3% after a downgrade by Bank of America to underperform from neutral. Earnings Reports (8/15/2025) Dillard's Inc (DDS), SailPoint Inc (SAIL), Flowers Foods Inc (FLO). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
25-07-2025
- Automotive
- Yahoo
OpenAI CEO Sam Altman Warns AI Will ‘Totally Take Some Jobs' But Worries ‘The World is Not Ready for' This Much Greater Threat
Sam Altman, CEO of OpenAI, has become one of the most influential voices in artificial intelligence (AI), known for his candid assessments of both the promise and disruption brought by new technologies. In a recent Bloomberg interview, Altman addressed the looming impact of AI and robotics on employment, stating, 'AI is for sure going to change a lot of jobs, totally take some jobs away, and create a bunch of new ones. This is what happens with technology, and in fact, if you look at the history of the world of technology-driven job change, it's been happening for a long time. And the thing that is different this time is just the rate of which it looks like it will happen.' While Altman largely downplays the impact of AI on the job market, he did say humanity isn't prepared for something else he believes will have a much greater impact: 'The thing I think the world is not ready for is, I don't think the world has had the humanoid robots moment yet, and I don't think that's very far away from a visceral 'this is going to do a lot of things that people used to do.' It's coming. We have always tried to be super honest about what we think the impact may be, realizing that we may be wrong about a lot of the details.' When asked what will happen when humanoid robots arrive, Altman predicted that their presence will feel 'very sci-fi,' fundamentally altering daily life and the job market. More News from Barchart UnitedHealth Stock Spirals Lower Again. Don't Buy the Dip. This Self-Driving Car Stock Is Surging on a Major Nvidia Boost Auto Revenue Keeps Plunging at Tesla. Should You Buy the TSLA Stock Dip or Run Far Away? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Altman's authority on this subject is rooted in a career defined by technological foresight and leadership. After dropping out of Stanford, he co-founded Loopt, a location-based social networking startup, and later became president of Y Combinator, where he helped launch and scale some of Silicon Valley's most successful startups. Since 2019, Altman has led OpenAI, guiding the organization through the development of advanced AI systems such as ChatGPT and DALL-E, which have set new standards in natural language processing and generative AI. Under his leadership, OpenAI has secured major investments, including a multi-billion-dollar partnership with Microsoft (MSFT), and has been at the center of global discussions about the ethical and societal implications of artificial intelligence. Altman's comments reflect a pragmatic understanding of technological change. He draws on historical precedent, noting that job displacement and creation have accompanied every major wave of innovation, from the Industrial Revolution to the rise of the internet. What distinguishes the current era, in Altman's view, is the speed and breadth of change that AI and robotics are likely to bring. His prediction that the world is unprepared for the 'humanoid robots moment' signals a belief that the next phase of automation will be more visible and rapid than previous shifts, with robots performing tasks previously reserved for humans. This perspective is particularly relevant as businesses and policymakers grapple with how to adapt to AI's accelerating capabilities. Altman's insistence on honesty about the uncertainties involved, and his acknowledgment that even experts may be wrong about the details, offers a measured approach to navigating the future of work. His leadership at OpenAI, marked by a focus on transparency and ethical considerations, lends credibility to both his warnings and reassurances alike. As AI continues to reshape industries, Altman's insights serve as both a caution and a call to prepare for profound changes that will challenge existing structures but also create new opportunities, as has been the case throughout technological history. On the date of publication, Caleb Naysmith did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
25-07-2025
- Business
- Yahoo
What to Expect From Cooper Companies' Q3 2025 Earnings Report
San Ramon, California-based The Cooper Companies, Inc. (COO) develops, manufactures, and markets contact lens wearers. Valued at a market cap of $14.8 billion, the company also focuses on family and women's health care, providing fertility products and services, medical devices, contraception, and cryostorage to health care professionals and patients. It is scheduled to announce its fiscal Q3 earnings for 2025 after the market closes on Wednesday, Aug. 27. Before this event, analysts project this vision and women's healthcare company to report a profit of $1.06 per share, up 10.4% from $0.96 per share in the year-ago quarter. The company has met or surpassed Wall Street's bottom-line estimates in each of the last four quarters. Its earnings of $0.96 per share in the previous quarter outpaced the consensus estimates by 3.2%. More News from Barchart UnitedHealth Stock Spirals Lower Again. Don't Buy the Dip. This Self-Driving Car Stock Is Surging on a Major Nvidia Boost Auto Revenue Keeps Plunging at Tesla. Should You Buy the TSLA Stock Dip or Run Far Away? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For the full year, analysts expect COO to report EPS of $4.06, up 10% from $3.69 per share in fiscal 2024. Furthermore, its EPS is expected to grow 9.9% year-over-year to $4.46 in fiscal 2026. Shares of COO have declined 19.8% over the past 52 weeks, lagging behind both the S&P 500 Index's ($SPX) 17.3% uptick and the Health Care Select Sector SPDR Fund's (XLV) 9.4% drop over the same time frame. Despite delivering better-than-expected Q2 results on May 29, shares of COO plunged 14.6% in the following trading session. Due to growth in both of its reportable segments, the company's overall revenue improved 6.3% year-over-year to $1 billion, exceeding consensus expectations. Moreover, its adjusted EPS of $0.96 advanced 12.9% from the year-ago quarter, topping analyst estimates by 3.2%. Wall Street analysts are moderately optimistic about COO's stock, with an overall "Moderate Buy" rating. Among 15 analysts covering the stock, 10 recommend "Strong Buy," one indicates a "Moderate Buy," and four advise 'Hold.' The mean price target for COO is $92.93, implying a 25.9% premium from the current levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
