WS #13137
Apple shares fall ~9.5% after weak September guidance due to memory-chip supply constraints and rising costs, hitting iPhone, Mac, and iPad. Amazon surges on strong Q2 with AWS growth accelerating and UBS raises target to $318; Microsoft also gets a target hike to $525 after solid results. NXP Semiconductors is in talks to acquire Ambarella for ~$3.3B, boosting AMBA shares and signaling consolidation in AI-enabled chip design.
Apple supply-chain guidance miss
Apple shares fall ~9.5% after weak September guidance due to memory-chip supply constraints and rising costs, hitting iPhone, Mac, and iPad.
Amazon surges on strong Q2 with AWS growth accelerating and UBS raises target to $318; Microsoft also gets a target hike to $525 after solid results.
NXP Semiconductors is in talks to acquire Ambarella for ~$3.3B, boosting AMBA shares and signaling consolidation in AI-enabled chip design.