Search

Apple set an all-time high as investors bet slower hyperscaler data-centre spending will cut memory prices and repair device margins.

Apple beat quarterly estimates with record $114.48 billion revenue but shares fell as December-quarter margin guidance of 45-46 percent flagged rising memory costs and slower services growth.

US stocks closed mixed as rotation out of technology ran on, Brent crude slid 7.6 percent on Middle East talks and Apple shares fell after weak guidance.