Latest news with #TechIndustry
Yahoo
2 days ago
- Business
- Yahoo
Marvell price target raised to $70 from $60 at TD Cowen
TD Cowen raised the firm's price target on Marvell (MRVL) to $70 from $60 and keeps a Buy rating on the shares. The firm said an in-line print/guide with strong language on 3nm engagement with Amazon (AMZN), but 'multiple paths' commentary is likely to continue to concern investors who will be hoping for more detail at the June AI webinar. Long-term momentum is there, but lack of 'upside' in a strong spending environment, and inherent limited visibility in custom is likely to keep the stock a battleground. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on MRVL: Disclaimer & DisclosureReport an Issue Marvell price target lowered to $90 from $110 at Raymond James Marvell price target lowered to $90 from $110 at Loop Capital Marvell price target lowered to $85 from $95 at Piper Sandler Marvell Technology: Strong Buy Rating Backed by AI-Driven Growth and Strategic Collaborations Marvell's Promising Growth Prospects and Strategic Engagements Justify Buy Rating
Globe and Mail
3 days ago
- Business
- Globe and Mail
Jamf Announces Upcoming Conference Participation
MINNEAPOLIS, May 30, 2025 (GLOBE NEWSWIRE) -- Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, announced today that members of its management team will present at the following investor conferences: William Blair 45 th Annual Growth Stock Conference on Tuesday, June 3, 2025 at 10:40am Central Time Bank of America 2025 Global Technology Conference on Thursday, June 5, 2025 at 11:20am Pacific Time Webcast of these events will be available on the investor relations section of the Company's website at About Jamf Jamf's purpose is to simplify work by helping organizations manage and secure an Apple experience that end users love and organizations trust. Jamf is the only company in the world that provides a complete management and security solution for an Apple-first environment designed to be enterprise secure, consumer simple and protect personal privacy. To learn more, visit:
Fast Company
3 days ago
- Business
- Fast Company
Why Trump's ‘little problem' with Apple could be a big challenge
Branded is a weekly column devoted to the intersection of marketing, business, design, and culture. Donald Trump has added a fresh punching bag to his ever-widening rotation of opponents: Apple. The president has, as he's put it, 'a little problem' with CEO Tim Cook. For Cook, this actually looks like a big problem—with no easy fix. Trump has been intermittently critical of Apple before, but this has always seemed to be adroitly smoothed over by Cook, who for years was 'one of Mr. Trump's most beloved chief executives,' and 'tech's leading Trump whisperer,' per The New York Times. It presumably helped that he was among those who donated $1 million to Trump's second inauguration. But the president's recent complaints about the tech giant's overseas production have not only been harsher in tone than in the past, they have come with the ultimate marker of negative presidential scrutiny—a threatened tariff of 25% on iPhones. (Later Trump clarified that the tariff would also apply to smartphone from Samsung or any other brand made anywhere outside the U.S.) Apple doesn't disclose iPhone sales by country, but worldwide they accounted for about 55% of its total revenue in the first quarter of its current fiscal year; iPhones make up about 53% of the U.S. smartphone market, according to research firm Backlinko. Revenue for its most recent quarter was around $95 billion (up 5% over last year), with earnings of about $25 billion. Remarkably, it had only been a matter of weeks since Cook was credited with scoring Apple an exemption on a then-planned 145% tariff on iPhones assembled in China for the U.S. market. Among other things, Apple announced it would invest $500 billion in AI servers in the U.S. Meanwhile various analysts began crunching numbers on what pure-U.S. production would do to iPhone prices, and soon the hypothetical $3,000 smartphone seemed like a new third rail of American politics. But as he has done with any number of prior third rails, Trump has now evidently shrugged off alleged risk. The immediate spark may have been at least partly personal: Cook reportedly declined an invitation to join the president's recent swing through the Middle East. (Nvidia's Jensen Huang and Sam Altman of OpenAI were among the CEOs who did put in an appearance.) Trump not only publicly noted Cook's absence, but openly mused about that 'little problem.' Specifically, he said did not like reports that Apple and its suppliers are 'building all over India,' apparently including iPhone factories, essentially to escape China-focused tariffs while keeping production overseas. 'I don't want you building in India,' Trump said he told Cook. Days later Trump reiterated on social media: 'I expect [Apple iPhones] that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else.' Thus the squarely Apple-targeted tariff—and Cook's dilemma. Up to now, he and Apple generally have tended not to return fire when the Trump administration pokes at the brand or its business practices, and has avoided tangling with the administration on hot-button issues where their priorities diverge (such as diversity). That anti-confrontational strategy might actually make Apple more attractive as a target for Trump: Pinning the make-it-in-America attack to the iPhone 'generates maximum exposure' for the administration's priorities, TF Securities analyst Ming-Chi Kuo argued recently. In short, Trump may figure the specter of a $3,000 iPhone is a bigger problem for Apple than for his policy priorities. (Apple did not respond to a request for comment.) This also comes in what's been a tough year or so for Apple generally: It lost an appeal related to its App Store pricing, saw its virtual reality headset draw a tepid response, and has been perceived to lag on AI integration. While the future of tariffs is still up in the air after a federal court ruled against them, Trump has lately become aware of the Wall Street slang TACO—Trump Always Chickens Out—indicating his threats tend to be empty, making it that much more likely that this time he'll be stubborn. Simply capitulating does not appear to be an option for Apple: Actually moving iPhone production to the U.S. would take years and involve prohibitive costs, not to mention a sizable work force that America doesn't currently have. And who can say whether some new device or alternative technology will supplant the iPhone while this huge undertaking plays out? One plausible strategy that's been floated is for Apple to cook up a short-term 'assembled in America' option that would involve some percentage of iPhones to be manufactured in a hybrid scenario involving some overseas production and final 'assembly' at a U.S. facility. Similarly, analyst Dan Ives of Wedbush called an American-made iPhone 'fairy tale,' but speculated Apple could propose some token percentage of production moved to the U.S. over a period of years as a bargaining tactic. These tactics might still push the phones' cost upward, but it wouldn't triple it as a full-on shift to U.S. production might—and Trump could declare another victory in his campaign to de facto manage U.S. business. That said, speculating about Apple stumbling one way or another has been a popular pastime for years—years during which Apple's market cap has climbed to above $3 trillion. While shares are down 17.5% this year, it remains the world's third most valuable company. It's wildly popular, as a brand, and as a stock. ('We don't want to harm Apple,' Kevin Hassett, director of the National Economic Council, assured CNBC.) Of course Apple doesn't want to be one of Trump's many targets, let alone his favorite. But it can certainly take a punch.
Phone Arena
3 days ago
- Business
- Phone Arena
Microsoft is done being subtle – this new tool screams "upgrade now"
– Microsoft, May 2025 sign up for the public preview To use the tool, systems need to be Microsoft Entra joined (Windows 10 or 11). Also, organizations interested in trying it need toand have an active Microsoft Intune test tenant plus Intune service administrator the October end-of-support deadline looming, I think Microsoft clearly hopes this new tool helps ease the transition for businesses. But even with these improvements, it is unclear if that will be enough. As of April 2025, Windows 10 still holds a 52.9% share, while Windows 11 trails behind at 43.7%, even though the gap has been narrowing.
Malay Mail
4 days ago
- Business
- Malay Mail
‘America wins' when China runs on Nvidia: Taiwanese-American CEO Huang defends Bejing ties amid curbs
Nvidia discloses risks from rules on Chinese vehicle tech, open-source AI Huang praises Trump's Middle East tour for boosting US tech leadership Nvidia forecasts US$45 billion sales despite U.S.-China trade tensions SAN FRANCISCO, May 29 — Even as Nvidia reported another blockbuster quarter of 69 per cent sales growth on Wednesday, the maker of artificial intelligence chips warned of more risks to its business emerging in the technology conflict between the US and China. Tucked into Nvidia's quarterly filing with US securities regulators, Nvidia for the first time said that restrictions on the use of open-source AI models from China such as DeepSeek and Qwen could hurt its business, as could US rules barring connected vehicle technology from China, where Nvidia's long-struggling car chip business has finally flourished. While Nvidia CEO Jensen Huang on a conference call with analysts praised US President Donald Trump's decision to rescind an export rule put in place by President Joe Biden that would have regulated the flow of Nvidia's chips around the world, the company's quarterly filing noted that no new rule had been issued in its place and that a 'replacement rule may impose new restrictions on our products or operations.' On the other hand, Huang criticized new export curbs imposed by the Trump administration in April. The curbs stop the company from selling its H20 chip made for the Chinese market, which Huang called 'a springboard to global success.' The export limits cost Nvidia US$2.5 billion in sales during its just-ended fiscal first quarter, and it expects another US$8 billion sales hit during the current fiscal second quarter. Sales of the H20 in China earned Nvidia US$4.6 billion in revenue as customers stockpiled the chips before the curbs set in. The China business accounted for 12.5 per cent of overall revenue. 'The question is not whether China will have AI – it already does. The question is whether one of the world's largest AI markets will run on American platforms,' Huang said, later adding that 'AI export controls should strengthen US platforms, not drive half of the world's AI talent to rivals.' Huang also argued that keeping Chinese open-source models such as DeepSeek and Qwen running on Nvidia chips provides US firms with valuable insight on where the global AI industry is headed. 'US platforms must remain the preferred platform for open-source AI,' he said. 'That means supporting collaboration with top developers globally, including in China. America wins when models like DeepSeek and Qwen run best on American infrastructure.' Sales growth powers on Despite the curbs, Nvidia forecast sales of US$45 billion, plus or minus 2 per cent, in the second quarter, only slightly below analysts' average estimate of US$45.90 billion, according to data compiled by LSEG. That would imply growth of about 50 per cent from a year earlier. Executives also highlighted deals worth potentially billions of dollars in the coming months and years in Saudi Arabia, the United Arab Emirates and Taiwan, sending Nvidia shares up after hours and leading analysts to conclude the impact of US-China trade tensions was not as bad as feared. 'Rather than downplay the China hit, (Huang) contextualized it as a known, manageable speed bump in an otherwise hyper-accelerated growth narrative,' said Michael Ashley Schulman, chief investment officer of Running Point Capital. In his praise for Trump, Huang highlighted the President's deal-filled tour of the Middle East. 'President Trump wants US tech to lead,' Huang said. 'The deals he announced are wins for America, creating jobs, advancing infrastructure, generating tax revenue and reducing the US trade deficit.' Huang also said that he agreed with a vision expressed by cabinet officials such as Commerce Secretary Howard Lutnick of bringing factories back to the United States and staffing them with robots. 'Future plants will be highly computerized in robotics. We share this vision,' Huang said. — Reuters
