
No good deed goes unpunished: The Magnificent 7 were down 1.25% at the close. Broadcom fared even worse. It lost 12.8% in overnight trading after reporting revenues that were a smidge below expectations, and after CEO Hock Tan didn’t raise his guidance for future AI chip sales. To put that in context, investors punished the
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Apple’s incoming CEO introduced himself to Wall Street on Thursday, in a brief earnings-call debut in which John Ternus emphasized his commitment to continuity at the $4 trillion company. Ternus, who will officially replace CEO Tim Cook in September, promised to continue the “deep thoughtfulness, deliberateness and discipline” in financial decision making that has marked
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