Apple Inc (NASDAQ:AAPL) has aggressively recruited dozens of artificial intelligence experts from Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, establishing a secretive AI laboratory in Zurich, Europe. This move comes as the company intensifies its efforts to lead in new AI model and product development. Apple, valued at $2.7 trillion, has been expanding its global AI and Machine Learning team by poaching many specialists from Google since hiring John Giannandrea as its top AI executive in 2
Apple Inc (NASDAQ:AAPL) is deepening its involvement with China while expanding its production in Southeast Asia and India, illustrating the iPhone maker’s delicate balancing act between political pressures and business needs. In 2023, Apple increased its number of China-based suppliers and manufacturing sites, reducing its reliance on suppliers from Taiwan, the U.S., Japan, and South Korea, according to a Nikkei Asia review of Apple’s latest official supplier list. Apple publishes an official l
Citigroup analyst maintains Microsoft with a Buy and lowered price target from $480 to $475, expecting strong Azure growth, while BofA analyst reiterates Buy with $480 target.
The BofA analyst reiterated a Buy rating for Apple Inc (AAPL) with a price target of $225. He believes the company's gross margins will continue to improve due to its product and service mix.