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Amid overall weakness in semiconductor stocks, companies like Apple and Nvidia posted record quarterly profits, linking tech performance to base metals markets.

1 report, 1 independent Updated Jul 1

AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Nickel Industries Apple Inc.Nvidia

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The entities involved

Nickel Industries
Nothing else this week.
Apple Inc.
American multinational technology company based in Cupertino, California
- Apple is utilizing TSMC for advanced chip manufacturing, a trend observed alongside market pricing pressures affecting sales volume.Mon 17:45
- Apple Inc. stock is traded on Nasdaq, and Jefferies Financial Group restated a hold rating on the company.Mon 17:22
Nvidia
American multinational technology company
- A market sell-off hit major chip companies (AMD, Intel, Micron, Samsung, Nvidia) as the AI trade cooled and investors entered risk-off mode.Mon 17:34
- Nvidia is expanding its platform deployment across major cloud providers, including Google Cloud and Microsoft Azure.Mon 17:31

Related events

Analyst predicts massive semiconductor market growth, noting Micron Technology and Nvidia as major players in the sector.Sep 19

Coverage

Newest first; wire copies grouped

Jul 1ibtimes.com.au