Vanguard Information Tech News Today

Apple to launch first retail store in Malaysia on June 22, expanding presence in Southeast Asia. Boosting sales outside China.

Computex 2024, a major tech event, is approaching with industry giants like Qualcomm, Intel, and AMD revealing their latest innovations, offering potential opportunities in AI and tech stocks.

Flex Ltd (NASDAQ: FLEX) reported strong 4Q 2024 results, beating analyst estimates. Gross margin and operating margin also improved. Outlook for 2025 looks positive. Stock declined after earnings.

Apple intensifies AI efforts, poaches experts from Google to lead secretive AI lab in Zurich, plans to showcase new generative AI features at WWDC.

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 deepens involvement with China and expands production in Southeast Asia and India, balancing political pressures and business needs.

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...

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.

Apple Inc (NASDAQ: AAPL) expanding presence in Miami, investing in new building & likely launching new retail store. Other Big Tech companies also expanding in the city.