In a rare move, analysts at Jefferies downgraded one of the largest companies in the world, Apple ( AAPL -0.39%), to underperform. Wall Street analysts are known for being bullish, so underperform and sell ratings tend to make up only a small percentage of overall analyst ratings.
Chinese startup DeepSeek has debuted an AI app that challenges OpenAI's ChatGPT and other U.S. rivals, sending a shock through Wall Street.
A tech sell-off on Monday saw more than $1 trillion in value erased over concerns over China's DeepSeek AI app.
Wall Street analysts are known for being ... This includes revenue from its App Store, search-sharing revenue, Apple TV, Apple Pay, and other subscriptions and services. Last fiscal year, its ...
DeepSeek's AI assistant became the No. 1 downloaded free app on Apple's iPhone store on Tuesday afternoon and its launch made Wall Street tech superstars' stocks tumble. Observers are eager to see whether the Chinese company has matched America's leading AI companies at a fraction of the cost.
If "Qwen's" results hold up, Alibaba can cement itself as a premier AI juggernaut. Regardless, BABA is historically cheap, faces easy comps, and enjoys a bullish technical pattern.
A Chinese start-up that didn’t exist 18 months ago just triggered a meltdown that shows just how vulnerable Wall Street is.
China just threw a curveball into the tough Artificial Intelligence (AI) race as DeepSeek’s chatbot app just skyrocketed to the number 1 spot on both the
A disappointing quarter or even three of sales or earnings is no reason to sell Apple stock, says the CIO from Birinyi Associates.
After Nvidia's DeepSeek-driven dive this week Apple is once again top dog on Wall Street. The iPhone-maker's weighting in the S&P 500 is 7%, just above Microsoft on 6.5% and Nvidia, now third on 6.15%.
Wall Street opens up on relief Meta and Microsoft kept their AI spending plans even as their earnings come in mixed. Next up, Apple after the close.