Page 15 - Tim Long News Today

Technology stocks open year with selloff, after the hype over artificial intelligence drove big gains ahead of actual business growth

Barclays downgraded the stock to "underweight" from "neutral" and trimmed its 12-month price target by $1 to $160.

Should investors be going all-in on the semiconductor stock on the heels of a recent pullback?

Does the data-services specialist have what it takes to be a big winner in 2024 and beyond?

It wasn’t the upbeat start to the new year that investors had hoped for. But the long-term view for stocks still looks bright, according to several analysts.

AMD stock tumbled in 2024's first trading day as big news surrounding Apple and ASML triggered a rise in bearish momentum for the tech sector.

ASIA:

Barclays analysts led by Tim Long cut their rating on Apple to underweight and price target by $1 to $160, compared with the stock’s Tuesday closing price of $185.64.

Shares of Apple suppliers fall in Asia on Wednesday after Barclays downgraded Apple on Tuesday.

Apple's stock is expected to drop to $160 over the next year driven by sluggish iPhone sales and a bleak outlook on new products and services.