Apple adds $180 billion to its market cap
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Tesla ( TSLA 6.68%) and Apple ( AAPL 6.25%) are both members of the "Magnificent Seven," a group of seven large U.S. companies that have dominated the stock market over time. While Tesla and Apple remain popular picks with investors, most Wall Street analysts see downside in the former and upside in the latter.
Other semiconductor stocks also did well Monday after Beijing and Washington agreed to drastically reduce tariffs for 90 days while talks on a more permanent deal continue.
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Apple is slated to report fiscal second-quarter results after the market closes Thursday, with investors likely to be watching for clues on how shifting trade policies could impact the iPhone maker.
With its AI offering expected to be a huge driver of sales, 24/7 Wall St. projects huge upside for Apple stock through 2030.
Google has been worrying about losing search share to AI engines like ChatGPT for a couple of years.
The Nasdaq-100 was on track to end Monday's session in bull market territory after the US and China agreed to lower tariffs for 90 days.
With shares down almost 8%, Google lost more market cap Wednesday than the total valuation of Nike or Starbucks.
Cooling of trade tensions between the U.S. and China is undeniably good news for Apple. But not quite good enough. Apple rose around 5% Monday morning, after the [U.S. and China struck a deal](