JP Morgan increased its AAPL price target from $340 to $360 and kept its Overweight rating, days after reports that Apple told suppliers to cut iPhone 18 Pro and Pro Max component production due to soft demand. The firm said the cuts match Apple's typical production patterns and expects the new iPhone Duo to offset lost sales from the delayed standard iPhone 18, projecting 8.5 million Duo units sold in the December quarter alongside a 2% drop in iPhone revenue but 2% overall revenue growth.
9to5mac.com
· 2026-10-12
Researcher Syed Anas Mohiuddin demonstrated that the Model Context Protocol (MCP), used for internal communication among AI agents, has vulnerabilities that can be exploited to spread malicious instructions. Tests across organizations like Google, JP Morgan Chase, and government agencies revealed that trust gaps and lax guardrails enable prompt injection attacks to compromise internal systems. These exploits can lead to unauthorized network requests and data breaches, highlighting a significant security concern for AI-driven environments.
arstechnica.com
· 2026-10-05
AI cloud provider Lambda has secured $1 billion in private, short-dated debt arranged by JP Morgan Chase to purchase Nvidia AI chips it plans to lease to Microsoft, according to Bloomberg. This follows a $1 billion secured credit facility Lambda closed in May and a $926 million loan this week for Nvidia GB300 GPUs tied to a separate contract with Nvidia itself.
techcrunch.com
· 2026-08-28
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