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AI dreams, Silicon Valley persists, while Wall Street hesitates.
"Follow the money" on Wall Street believes that AI technology has not yet reached the expected level of practicality, investing too much not only fails to recover costs, but also easily triggers a bubble. However, technology giants in the midst of the AI whirlpool are still frantically investing money, aiming for a future.
Technology stocks encountered a "Black Wednesday", USA's "hard landing" should not be ignored!
Some popular recession indicators are continuously alarming, and the yield curve has been inverted for two years, releasing recession signals of unemployment rate. The market is paying attention to whether the second quarter GDP to be released on Thursday will trigger a red light warning.
"The most knowledgeable Apple" analyst Ming-Chi Kuo: Apple will discontinue production of the iPhone 17 Plus.
Guo Mingji, an analyst at TF International Securities, stated that Apple will cease production of the iPhone 17 Plus and release an ultra-thin model in the second half of 2025, not to replace the Plus, but to explore innovative designs beyond the current iPhone product line.
Apple Q3 Earnings Preview: Will AI Elevate iPhone Maker's Stock?
US Stocks Tumble, Magnificent 7 Wipe Out $570 Billion As Mega-Tech Earnings Disappoint, VIX Spikes: What's Driving Markets Wednesday?
Magnificent 7 Still Comprise Over 30% Of S&P 500 Despite Tech Correction