WS #11340
Apple cut iPhone 17 production by ~15% due to slowing demand, bearish for AAPL and its supply chain. The Magnificent 7 stocks have lost $2.2 trillion in value over the past month, with MSFT and META in bear market territory, confirming the tech selloff narrative. Alibaba ordered staff to remove Anthropic products by July 10 over backdoor security risks, bearish for ANTH and bullish for BABA's in-house AI.
Apple Cuts iPhone 17 Production Amid Slowing Demand
Apple cut iPhone 17 production by ~15% due to slowing demand, bearish for AAPL and its supply chain.
The Magnificent 7 stocks have lost $2.2 trillion in value over the past month, with MSFT and META in bear market territory, confirming the tech selloff narrative.
Alibaba ordered staff to remove Anthropic products by July 10 over backdoor security risks, bearish for ANTH and bullish for BABA's in-house AI.