Apple's Record-Breaking Rally Boosts Appeal of Call Options Amid AI Optimism

Luzi Ann SantosDec 11 13:38 ET

U.S. stock market close: The Nasdaq has fallen from historic Top Reversal, while the Dow has declined for the sixth consecutive day.

① The Nasdaq China Golden Dragon Index rose by 0.18%, with China Concept Stocks showing mixed performance; ② Google is collaborating with Samsung to develop a headset device, with the first product expected to be launched next year; ③ Apple is reportedly set to start producing a key wireless chip currently supplied by Broadcom next year; ④ Adobe fell nearly 14%, as the company's full-year performance guidance was below expectations.

cls.cn17:18 ET

Is Broadcom about to lose a big order? It is reported that Apple will switch to self-developed Wi-Fi chips for iPhone and home products starting next year.

Media reports that Apple plans to use its self-developed chip combining Wi-Fi and Bluetooth for the new iPhone, Apple TV, and HomePod mini next year, and for iPads and Macs in 2026. One-fifth of Broadcom's fiscal year revenue comes from Apple, making it the largest supplier of Apple's Wi-Fi/Bluetooth chips. After the news broke, Broadcom's stock price hit a daily low, falling nearly 4%.

wallstreetcn16:47 ET

Citi Maintains Apple(AAPL.US) With Buy Rating, Maintains Target Price $255

Moomoo NewsDec 11 20:31 ET · Ratings

Apple Options Spot-On: On December 12th, 733.79K Contracts Were Traded, With 6.38 Million Open Interest

Moomoo News16:30 ET

Thursday Ends in Index Declines | Wall Street Today

Kevin Travers16:29 ET