GoKawiil
Tech News
Apple's fourth-quarter results, marking the close of its fiscal 2026 year, showed record revenue and robust iPhone sales that topped Wall Street forecasts. Despite the strong performance, the company's stock fell after it issued a cautionary outlook for the coming months.
Datavault AI disclosed that it has been unable to withdraw approximately $65 million worth of bitcoin from a little-known cryptocurrency exchange for the past four months. The company's stock price fell sharply following the disclosure.
Shares of Trump Media and Technology Group, parent of Truth Social, dropped more than 7.5 percent on Monday to an all-time low of $6.40, extending a 29 percent slide over the past month. The decline follows reports that the platform's daily user traffic has fallen over 30 percent in the past year, compounding losses the company has posted quarterly.
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.
Nike CEO Elliott Hill told employees in a memo that the company is restructuring its operating model in a way that will reduce the number of roles at the company. The announcement coincided with weak first-quarter results, and Nike shares fell to new lows in Friday trading.
SpaceX's Starship rocket achieved orbital insertion during its 14th full-scale test flight from South Texas, with the company confirming the spacecraft reached orbit at over 171 miles altitude and 16,000 mph. Despite the milestone, the company's stock reportedly dipped about one percentage point rather than rallying after markets opened.
AMD's stock surged roughly 9% on Monday morning, pushing its market capitalization above $1 trillion for the first time. The rally capped a month-long climb of about 29% in AMD shares, with most of that gain coming in the past week alone. The milestone puts AMD ahead of rival Intel, whose market cap sits near $648 billion.