New products included the iPhone 17 Pro, iPhone 17 Pro Max, and iPhone Air, as well as new Apple Watch and AirPods models. The iPhone 17 base model has so far outperformed expectations, thanks to the pricing remaining unchanged despite upgrades in memory storage, said Le Xuan Chiew, a research manager at Omdia.
Read MoreAmazon is rated a "Buy" with a $252 price target, supported by AWS growth and operational efficiencies through automation and robotics. AMZN's fulfillment network is being transformed by regionalization and AI-driven automation, aiming for fully autonomous operations and improved cost structure. AWS backlog and partnerships, especially with Anthropic for its data center build-out, position AMZN for continued cloud revenue acceleration and margin expansion.
Read MoreIf there's any question whether artificial intelligence (AI) is still in its early innings, investors just need to look at Oracle's projection that its cloud infrastructure revenue will soar from $10.3 billion to $144 billion in the coming years, with contracts from top AI customers already locked in.
Read MoreIf there's any question whether artificial intelligence (AI) is still in its early innings, investors just need to look at Oracle's projection that its cloud infrastructure revenue will soar from $10.3 billion to $144 billion in the coming years, with contracts from top AI customers already locked in.
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