Tech Giants Apple, Nvidia, and Oracle Make Major Moves
Apple shook up the tech world last week by introducing its first foldable iPhone, the Duo, priced at $1,999. The phone features a crease-free internal display and improved multitasking capabilities. Apple also increased prices across its smartphone lineup due to higher memory and storage expenses.
Nvidia made headlines after considering an investment of up to $10 billion in Anthropic's planned initial public offering. This move would strengthen Nvidia's relationship with one of the most prominent developers of foundation models.
Oracle delivered a strong first-quarter performance, raising its fiscal 2027 adjusted earnings outlook to $8.10 with revenue of at least $90 billion. The company signed over $30 billion in new AI cloud deals in Q1, pushing its backlog to $664 billion.