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From booking a majority of TSMC's initial 2nm chips capacity to rolling out an "Alternative App Store" model in the EU, Apple's moves were far-reaching.
Nvidia and AMD stocks dip as top investors like Bill Baruch and Joshua Brown adjust their semiconductor holdings, eyeing the RSI for better entry points. With semiconductors now 8% of the S&P500, the focus is on earnings and stock performance in the thriving AI sector.
Apple has reportedly reserved the majority of Taiwan Semiconductor Manufacturing Company Ltd.'s (TSMC) initial production of 2nm chips, which are expected to be used in the iPhone 17 Pro lineup set for release in late 2025.