Technology stocks staged a comeback, helped by a barrage of good news. Even the 10-year yield climbing couldn’t put a brake in tech.
Apple's transitioning to an in-house chip from 2024. Apple contributed about 21% of Qualcomm's fiscal 2022 revenue of $44.2 billion, according to a UBS estimate.Ask any American to think of the most common coffee chain, and chances are they'd mention Starbucks. But in China, the name that'll crop up most is Luckin Coffee.
It now has 10,829 stores in China, compared with Starbucks' 6,480. A combination of its franchise model, low pricing and self-operated stores helped aApple shares lost around $200 billion last week on news that China is imposing restrictions on iPhone use in government agencies. Even so, the tech giant's valuation is still sky-high. But a notable Apple bear says he's
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