Apple opened pre-orders for the foldable iPhone Duo, but higher inflation and a likely Fed rate increase pressure consumer budgets, so positives and negatives cancel.
Apple opened pre-orders for its foldable iPhone Duo, a clear product positive. At the same time, inflation and a 90% chance of a Fed rate increase raise pressure on consumer budgets. Those opposing forces largely cancel each other, so I read the story as neutral for Apple.
Skyworks jumped after Apple’s foldable iPhone Duo launch was tied to the stock’s surge and a merger progress update.
The report quotes Skyworks’ CEO saying the $22 billion all-stock merger with Qorvo has entered its final stages and should close by year-end.
HPE rose after buyers moved through the AI server supply chain, suggesting demand for its server products strengthened this week.
Dell climbed as buyers worked through the AI server supply chain, lifting demand for servers and related hardware.
Corning gained after unveiling a multiyear, multibillion-dollar deal to supply Verizon with massive optical-fiber capacity, supporting future sales.
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