Patrick Seitz

2 weeks ago | investors.com | Patrick Seitz

Apple (AAPL) on Monday unveiled refreshed designs for its device operating systems at its Worldwide Developers Conference. The company also highlighted advancements in on-device artificial intelligence. But Apple stock fell as the news underwhelmed investors. In a 90-minute prerecorded presentation to kick off WWDC 2025, Apple delivered news that matched expectations, based on preshow leaks.

2 weeks ago | investors.com | Patrick Seitz

U.S. consumer plans to buy new Apple (AAPL) iPhones have fallen to their lowest level in five years, according to a semiannual survey by investment bank UBS. Still, Apple stock rose on Monday. The 12-month iPhone purchase intent in the U.S. dropped a percentage point to 17% in the latest UBS survey. That's "the lowest reading in five years," UBS analyst David Vogt said in a client note Sunday.

2 weeks ago | investors.com | Patrick Seitz

Nvidia (NVDA) on Monday announced deals with firms in the United Kingdom as the U.K. government looks to bulk up the country's capabilities in artificial intelligence. Nvidia stock rose on news of its latest sovereign AI wins. With Nvidia's support, the U.K. is building sovereign compute infrastructure and investing in cutting-edge research and skills, the chipmaker said in a blog post. Nvidia made the announcements at London Tech Week.

3 weeks ago | investors.com | Patrick Seitz

Apple's (AAPL) Worldwide Developers Conference, known as WWDC, is likely to be a low-key affair after the consumer electronics giant overpromised and underdelivered with last year's conference. Apple stock has been in a slump heading into the show. WWDC 2025 begins on Monday at 10 a.m. PT with a keynote presentation led by Chief Executive Tim Cook.

3 weeks ago | investors.com | Patrick Seitz

Broadcom's (AVGO) artificial intelligence chip business is growing like gangbusters, but its non-AI chip business is lagging. That was the main takeaway for Broadcom stock investors after the company's fiscal second-quarter report. Late Thursday, the fabless chipmaker and infrastructure software provider narrowly beat estimates for its fiscal Q2 and with its guidance. Broadcom earned an adjusted $1.58 a share, up 44% year over year, on sales of $15 billion, up 20%, in the quarter ended May 4.