Tech Giants Dominate Retail Traders' Attention with Foldable iPhones, AI Investments, and Cloud Deals
The tech sector was abuzz last week as major announcements from Apple and Nvidia captured retail traders' attention. Apple unveiled its first foldable iPhone, the Duo, priced at $1,999, while also increasing prices on its latest Pro models due to higher component costs. The company's new CEO, John Ternus, showcased a crease-free internal display and improved multitasking capabilities.
Nvidia is reportedly considering investing up to $10 billion in Anthropic's IPO, strengthening its relationship with one of the most prominent developers of foundation models. This potential investment would also give Nvidia a deeper foothold in enterprise AI infrastructure.
Oracle delivered a strong first-quarter performance and raised its fiscal 2027 adjusted earnings outlook to $8.10 with revenue of at least $90 billion, driven by over $30 billion in new AI cloud deals. However, the company's stock declined 5% during the week despite retail sentiment remaining 'extremely bullish'.
Nokia introduced Cognitive Operations, an AI-focused platform aimed at demanding environments such as mining and public safety, while SpaceX aims to expand its terrestrial AI computing capacity to up to 10 gigawatts by 2027. The company's stock gained more than 2% over the week, while AAPL, NVDA, and NOK stocks have seen significant gains this year.