Nvidia took the top market-value spot as Apple fell after a margin warning. The story gives no new Nvidia business results, so it does not change how we read its business.
Chipmakers rebounded, and Apple’s warning about memory costs weighed on its shares. Nvidia reported no new sales, profits, or product news here. The ranking change does not show that Nvidia’s business changed.
Apple expects a 45% to 46% gross margin for the December quarter, below the 46.3% analysts expected. Higher memory costs are the main reason, and Apple said those costs would keep rising beyond the holiday quarter.
AMD shares rose before its quarterly results were due after the closing bell. The story reports no AMD results or other business change to shift how we read the company.
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