Report
Four big tech companies reportedly lost nearly $900B in market value after earnings
Apple delivered a Q4 revenue and EPS beat with strong iPhone performance but warned on rising memory costs.
TLDR
The tech selloff raises questions about whether massive AI investments are yielding sufficient returns quickly enough. Apple drew a mixed post-earnings reaction despite beating expectations. Marvell is reportedly acquiring Lumentum in a roughly $115B all-stock deal to combine chips with optical lasers for AI data centers.
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