Apple Reaches Near-Record High, Chip Stocks Face Potential Pullback
Apple (AAPL) reached a near-record high with strong financial performance including $111.2B in revenue and double-digit growth across all segments. Meanwhile, chip stocks like Nvidia (NVDA), which recently hit record highs, face potential pullbacks due to stretched valuations and emerging competition from Alphabet's TPUs and Amazon’s Trainium chips.
Topics: buybacks revenue growth stock valuation tech sector performance