WS #12348
Apple briefly overtakes Nvidia as world's most valuable company amid tech selloff and AI profitability concerns, while Apple raises iPhone prices in Japan. Netflix forecast Q3 revenue and EPS below estimates, causing 8.6% after-hours drop, as growth matures and advertising/live events ramp-up faces scrutiny.
Tech Sector Rotation and Apple/Nvidia
Apple briefly overtakes Nvidia as world's most valuable company amid tech selloff and AI profitability concerns, while Apple raises iPhone prices in Japan.
Netflix forecast Q3 revenue and EPS below estimates, causing 8.6% after-hours drop, as growth matures and advertising/live events ramp-up faces scrutiny.