Apple Inc. is a market leader of technology products and services, and one of the largest companies in the world by market cap. Investors closely watch Apple's key decisions as they can impact the other major US listed companies connected to Apple in this list. These companies are involved in the development, production, and distribution of Apple products and services. Investing in these companies offers exposure to the potential growth opportunities of Apple's products and services. As Apple continues to innovate and release new products, investors see potential for more growth in revenue and earnings, and higher stock prices.
Google parent $Alphabet-A(GOOGL.US)$, $Microsoft(MSFT.US)$ and Nvidia led the slump in Magnificent Seven stocks, dragging down the S&P 500 and the Nasdaq amid mounting speculation big money is moving from this year's biggest gainers to unloved equities.
The $S&P 500 Index(.SPX.US)$ slipped 0.5% to close Thursday at 5,399.22, while the tech-heavy $Nasdaq Composite Index(.IXIC.US)$ declined 0.9...
Shares of chip makers started out Thursday extending their losses. Advanced Micro Devices, Qualcomm, Broadcom, and Super Micro Computer joined Nvidia fell as much as 5% early on Thursday, while the Nasdaq fell 1.2%. Tech has since rebounded, with the Nasdaq climbing into positive territory as of mid-morning, and Nvidia is leading the way.
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