Apple Inc.

Tesla, Inc.

Apple unveiled a major design update to all operating systems called Liquid Glass at WWDC, but failed to impress investors, with shares down 1.2% amid expectations of a more radical breakthrough in AI. OpenAI doubled its annual revenue to $10 billion thanks to demand for ChatGPT. Elon Musk's xAI faced slowing demand for its $5 billion debt offering, which is partly attributed to the entrepreneur's conflict with Donald Trump. On these and other topics - in our review of key events by the morning of June 10.

Highlights for this morning: Apple disappointed, Musk's xAI has debt problems, OpenAI has $10 billion in debt

The Cupertino-based company is acting cautiously and is not ready to reveal its cards in advance after last year's Apple Intelligence blunders, according to Wedbush analyst Dan Ives

"The silence about Siri was eloquent": what analysts are saying after Apple's conference

Apple could announce the biggest changes to the look of its operating systems in 12 years

Live translation and a new iOS design: what to expect from Apple at its developer conference


Adobe Inc.

Oracle Corporation

The week of June 9-15 promises investors in the U.S. stock market many new drivers, <a href="https://qz.com/aapl-adbe-orcl-wwdc-cpi-stock-market-1851783831">Quartz writes</a>. It will start with Apple's conference - the market will be keeping a close eye on possible AI announcements that could breathe new life into the company's growth. In the middle of the week, fresh data on a key inflation indicator will be released, which could influence the next interest rate decision by the US Federal Reserve. Quarterly reports from enterprise technology companies Adobe and Oracle are also expected. They will help to understand whether businesses are strengthening the austerity regime or are ready to weaken it;

Apple conference and key inflation data: what investors can expect this week

Analyst Needham considers $170-$180 to be a reasonable entry point into Apple stock, a minimum of 11% below current quotes


Apple has gotten a rare downgrade. Is its stock overvalued?


Starting in 2035, the EU and several U.S. states <a href="https://www.nytimes.com/2024/12/13/climate/california-ban-gas-cars-electric-biden-trump.html?utm_source=in_materials">plan to ban</a> sales of new internal combustion engine vehicles — those powered by gasoline or diesel. This plays directly into the hands of Beam Global, a small company creating EV charging infrastructure and serving clients such as Google and the U.S. government. Beam's solutions require no wires or trenching, can be quickly deployed and scaled, and are portable. The company believes these features will make its products the top choice for customers. Analysts <a href="https://www.marketwatch.com/investing/stock/beem/analystestimates?mod=mw_quote_tab&amp;utm_source=in_materials">expect</a> that Beam Global’s stock, with a current market capitalization on the Nasdaq of <a href="https://www.marketwatch.com/investing/stock/beem?utm_source=in_materials">just over</a> $44 million, could grow nearly threefold.

'A kind of Apple looking product': The EV charging company Beam and how it will gain from ban on gas-powered car sales

Shares of the satellite company Globalstar <a href="https://www.marketwatch.com/investing/stock/gsat?utm_source=in_materials">shot up</a> more than 30% on Friday, November 1, following the company’s <a href="https://investors.globalstar.com/node/15606/html?utm_source=in_materials">announcement</a> of an expanded agreement with iPhone maker Apple. <a href="https://www.barrons.com/articles/globalstar-stock-price-apple-satellite-4288f106?mod=RTA&amp;utm_source=in_materials">reports </a>that the new deal could double Globalstar’s revenue.

Satellite communications company Globalstar jumps over 30% on expanded agreement with Apple

Big Tech stocks plunged on Thursday, July 12, after unexpectedly positive inflation data came out. Investors began shifting capital from the Magnificent Seven to small-cap stocks, anticipating growth in the latter after a potential Fed rate cut in September, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-07-10/stock-market-today-dow-s-p-live-updates">reports</a>.