WS #11339
Apple reduces iPhone 17 production by ~15% amid slowing demand, bearish for AAPL and suppliers. Alibaba ordered staff to remove all Anthropic products by July 10 over alleged backdoor risks, bearish for ANTH and bullish for BABA's in-house AI. Mag 7 stocks have lost $2.2 trillion over the past month, with MSFT and META in bear market territory, confirming tech selloff.
Apple Cuts iPhone 17 Production ~15%
Apple reduces iPhone 17 production by ~15% amid slowing demand, bearish for AAPL and suppliers.
Alibaba ordered staff to remove all Anthropic products by July 10 over alleged backdoor risks, bearish for ANTH and bullish for BABA's in-house AI.
Mag 7 stocks have lost $2.2 trillion over the past month, with MSFT and META in bear market territory, confirming tech selloff.