After falling early in Thursday's trading session, Nvidia (NASDAQ: NVDA) pulled out of a deep dive to finish the day up by 1.1%. What was it that weighed on Nvidia initially in Thursday trading, and why is it recovering so strongly Friday? The answer is the M1 Ultra -- Apple's (NASDAQ: AAPL) new superchip. Read More...
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Apple Stock: Shenzhen Lockdown Will Have Little Impact… For Now
Lockdowns are in place again in Shenzhen, China, after a new outbreak of Covid-19 cases. Consequently, Foxconn has had to pause operations in the city, and this could impact the production of Apple (AAPL) products. The Shenzhen & Guanlan factories account for ~25% of Foxconn’s total production capacity, where the manufacturing of iPhones, PCs/notebooks, networking, and other parts also takes place. Morgan Stanley’s Katy Huberty estimates Apple’s exposure to Shenzhen is “less than 20% of producti
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