$AAPL - $AAPL

Appleの空売り状況は、投資家がAppleの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Apple (NASDAQ:AAPL) 株価情報, 空売り情報

APPLE INC

Apple

Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.

Warren-Buffett-ai5

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Broad U.S. Equity ETFs

ETFs

AAPL

困難が迫ると、強者は動き出す。この格言は、2025年3月における株式市場に真実味があったと言えるだろう。つまり、ウォーレン・バフェット率いるバークシャー・ハサウェイ(Berkshire Hathaway Inc.)の株価が2010年以来の最も好調なパフォーマンスを示している。

バークシャー・ハサウェイ、2010年以来最良の2ヵ月間のパフォーマンスを記録、S&amp;P500を超える

What Apple Did

Tech

Trading Ideas

GOOGL

SSNLF

アップル（NASDAQ:AAPL）は、数年にわたり、折りたたみデバイスの開発に取り組んでいるとの噂が絶えない。新たな報告書によると、アップル初の折りたたみデバイスが2026年までに登場する可能性がある。

アップル株は、iPhoneの売り上げ減少で苦戦：2026年に初の折りたたみスマートフォンで逆転はあるのか？

News

Markets

NVDA

著名なアナリストによれば、ウォーレン・バフェット（Warren Buffett）氏率いるバークシャー・ハサウェイ（Berkshire Hathaway Inc.）が、iPhoneメーカーのアップル (NASDAQ:AAPL)の株式を大量売却したにもかかわらず、株式は高値水準で取引がされているという。

ウォーレン・バフェットがアップル株を70%近く売却…アナリストが「株価売上比率8.2倍と高い」警告

Apple Inc

Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) upcoming iPhone 18 lineup is expected to feature Taiwan Semiconductor Mfg. Co. Ltd.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) 2nm A20 chip, according to a top supply chain analyst.
What Happened: On Saturday, Ming-Chi Kuo, reiterated his previous forecast that the A20 chip, set to power the iPhone 18 series in the second half of 2026 will be manufactured using TSMC's 2-nanometer process.
"Reiterating my prediction from six months ago: the 2H26 new iPhones (iPhone 18) will be powered by TSMC's 2nm chips," he said in a post on X. "TSMC's 2nm R&amp;D trial yields reached 60–70% three months ago, and they're now well above that."
See Also: <a href="https://in.benzinga.com/markets/25/02/43685791/taiwan-semiconductor-could-be-the-lifeline-intel-needs-as-rumors-swirl-of-a-us-backed-joint-venture">Taiwan Semiconductor Could Be The Lifeline Intel Needs As Rumors Swirl Of A US-Backed Joint Venture</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Reiterating my prediction from six months ago: the 2H26 new iPhones (iPhone 18) will be powered by TSMC's 2nm chips. Worth noting, TSMC's 2nm R&amp;D trial yields reached 60–70% three months ago, and they're now well above that. <a href="https://t.co/ZoWXFqfUnS">https://t.co/ZoWXFqfUnS</a>
&mdash; 郭明錤 (Ming-Chi Kuo) (@mingchikuo) <a href="https://twitter.com/mingchikuo/status/1903469694159642784?ref_src=twsrc%5Etfw">March 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Jeff Pu, another well-known analyst, previously echoed Kuo's predictions, and a rumor that the A20 chip would stick to a 3nm process has since been retracted.
Why It's Important: The A20 chip marks Apple's shift to TSMC's N2 process, succeeding the A19 chip, which is expected to use TSMC's third-generation 3nm process (N3P) in iPhone 17.
According to industry estimates, the A20 could offer up to 15% faster speeds and up to 30% better energy efficiency compared to the A19.
Earlier, in July 2024, reports indicated that Apple had to delay the use of <a href="https://www.benzinga.com/markets/equities/24/07/39790358/production-delays-force-apple-to-skip-tsmcs-2nm-chip-for-iphone-17-report">TSMC&#8217;s 2nm chip</a> for the iPhone 17 due to production delays.
However, now TSMC has been <a href="https://www.benzinga.com/25/01/42784508/taiwan-semiconductors-2nm-progress-fuels-taiwan-index-musk-highlights-talent-pool">making strides in its chip</a> manufacturing capabilities. In January 2025, the company reported steady progress in its 2nm chip production in Taiwan, with plans to commercialize 4nm chips at its Arizona facility.
Price Action: TSMC's stock rose 0.98% in pre-market trading on Monday, reaching $178.47. On Friday, it closed at $176.73, reflecting a 0.42% decline during regular trading hours, according to <a href="http://pro.benzinga.com/">data from Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/25/01/43373775/tim-cook-praises-chinas-deepseek-for-driving-efficiency-stresses-apples-prudent-and-deliberate-approach-toward-capital-expenditure" target="_blank" rel="noreferrer noopener">Tim Cook Praises China&#8217;s DeepSeek For Driving Efficiency, Stresses Apple&#8217;s ‘Prudent And Deliberate&#8217; Approach Toward Capital Expenditure</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Apple's iPhone 18 To Get Massive Boost With 2nm A20 Chip: TSMC's Yields Surge Past 70%, Says Analyst Ming-Chi Kuo

On Sunday, Chinese Vice Premier He Lifeng met with top executives from Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>), Mastercard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), Eli Lilly and Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), Cargill, and other major firms.
What Happened: "China will continue to improve the business environment and welcome more investment by multinational companies in China, sharing opportunities for development," he told the leaders, describing the country's economy as "highly resilient" and "full of vitality."
Executives from medical device maker Medtronic PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) and investment management firm Conning were also in attendance, reported Reuters, citing a statement from China's Ministry of Commerce.
However, the statement did not specify where the meeting took place.
Many of the executives are in Beijing to attend the China Development Forum, where further high-level meetings, including a possible session with President Xi Jinping, are expected later this week, the report noted, citing unnamed sources.
See Also:&nbsp;<a href="https://www.benzinga.com/25/03/44272657/alibaba-chairperson-says-everyone-is-concerned-about-tariffs-as-he-expects-levies-on-chinese-evs" target="_blank" rel="noreferrer noopener">Alibaba's Joseph Tsai Says ‘Everyone Is Concerned About Tariffs,' As He Expects Levies On Chinese EVs</a>
Why It's Important: Beijing has ramped up efforts to attract foreign capital amid a slowing economy and fresh <a href="https://in.benzinga.com/news/global/25/03/44448798/china-ponders-export-limitations-to-quell-trumps-trade-onslaught">U.S. tariff headwinds</a> under President Donald Trump.
While American companies made up the largest group at this year's forum, sources say fewer U.S. CEOs attended compared to last year—signaling ongoing caution in cross-border corporate relations, the report noted.
Previously, the Chinese President expressed concerns about the possibility of China facing isolation similar to the Soviet Union during the Cold War. The ongoing trade war has heightened <a href="https://in.benzinga.com/25/03/44161587/is-china-apprehensive-of-losing-the-trade-war-to-the-us-china-could-get-isolated-like-moscow-fears-xi-jinping">fears of economic isolation</a>.
 Despite these challenges, <a href="https://in.benzinga.com/general/market-summary/25/03/44273552/ray-dalio-says-china-is-way-ahead-in-ai-and-robotics-us-lags-in-mass-production">China remains a leader</a> in technological advancements, particularly in artificial intelligence and robotics, according to investor Ray Dalio.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/25/02/44055314/mrbeast-lost-millions-on-amazons-beast-games-now-hes-looking-to-raise-hundreds-of-millions-to-take-h" target="_blank" rel="noreferrer noopener">MrBeast Lost Millions On Amazon's ‘Beast Games'—Now He's Looking To Raise Hundreds Of Millions To Take His Brand To The Next Level</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Economics

Media

China Courts Apple, Pfizer, Eli Lilly Amid US Pressure, Vice Premier Says Beijing 'Will Continue To Improve The Business Environment'

The U.S. Commerce Department has reportedly banned&nbsp;Chinese artificial intelligence&nbsp;model&nbsp;<a target="_blank" href="https://www.benzinga.com/media/25/03/44368717/chinas-deepseek-sparks-national-security-alarm-do-not-download-view-access-any-applications" rel="noreferrer noopener">DeepSeek</a><a target="_blank" href="https://www.benzinga.com/media/25/03/44368717/chinas-deepseek-sparks-national-security-alarm-do-not-download-view-access-any-applications" rel="noreferrer noopener">&nbsp;on government devices</a>.
Technology
Google parent&nbsp;Alphabet Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) inked an agreement to&nbsp;acquire&nbsp;cloud security firm&nbsp;Wiz&nbsp;for<a target="_blank" href="https://www.benzinga.com/tech/25/03/44376743/google-parent-alphabet-to-acquire-wiz-in-32-billion-deal-its-biggest-bet-yet" rel="noreferrer noopener"> $32 billion in an all-cash deal</a>.
Young Liu, the CEO of&nbsp;Foxconn (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FXCOF#OTC">FXCOF</a>), also known as&nbsp;Hon Hai Technology, has publicly criticized President&nbsp;Donald Trump&#8217;s&nbsp;tariff policy, warning it&#8217;s creating chaos for <a target="_blank" href="https://www.benzinga.com/media/25/03/44349466/trump-trade-policy-a-big-headache-for-customers-says-apple-supplier-foxconns-ceo-very-very-hard-to-predict-how-things-will-develop" rel="noreferrer noopener">tech giants like </a><a target="_blank" href="https://www.benzinga.com/media/25/03/44349466/trump-trade-policy-a-big-headache-for-customers-says-apple-supplier-foxconns-ceo-very-very-hard-to-predict-how-things-will-develop" rel="noreferrer noopener">Apple </a><a target="_blank" href="https://www.benzinga.com/media/25/03/44349466/trump-trade-policy-a-big-headache-for-customers-says-apple-supplier-foxconns-ceo-very-very-hard-to-predict-how-things-will-develop" rel="noreferrer noopener">and </a><a target="_blank" href="https://www.benzinga.com/media/25/03/44349466/trump-trade-policy-a-big-headache-for-customers-says-apple-supplier-foxconns-ceo-very-very-hard-to-predict-how-things-will-develop" rel="noreferrer noopener">Amazon.com, Inc</a>.&nbsp;
As the AI race intensifies,&nbsp;Baidu, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) has positioned itself as a serious contender by launching two new <a target="_blank" href="https://www.benzinga.com/25/03/44349635/baidu-says-its-new-ai-is-smarter-than-deepseeks-and-costs-half-as-much-excellent-multimodal-understanding-ability" rel="noreferrer noopener">models it says rival top competitors</a>.
Once a&nbsp;potential acquisition target&nbsp;for&nbsp;Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>),&nbsp;iRobot Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>) — the maker of&nbsp;Roomba&nbsp;— is now playing catch-up to hold <a target="_blank" href="https://www.benzinga.com/25/03/44349807/amazon-pursued-roomba-parent-once-but-now-the-companys-robot-vacuums-face-heat-from-chinese-rivals" rel="noreferrer noopener">its ground against Chinese competitors</a>.
On The Late Show with&nbsp;Stephen Colbert,&nbsp;LinkedIn&nbsp;co-founder and tech entrepreneur&nbsp;Reid Hoffman&nbsp;voiced concern about&nbsp;Elon Musk&#8217;s&nbsp;growing influence over&nbsp;U.S. government operations, warning that treating public service like a startup <a target="_blank" href="https://www.benzinga.com/25/03/44369839/linkedin-co-founder-reid-hoffman-tells-stephen-colbert-why-elon-musk-running-the-doge-department-like-a-business-should-worry-us-all-government-and-companies-are-not-the-same" rel="noreferrer noopener">could come with serious consequences</a>.
Just days ahead of its expected unveiling,&nbsp;Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)&nbsp;subsidiary&nbsp;Google's Pixel 9a&nbsp;has appeared in full in hands-on video reviews, revealing the budget phone&#8217;s refreshed <a target="_blank" href="https://www.benzinga.com/25/03/44372020/google-pixel-9a-fully-leaks-in-hands-on-videos-before-launchflat-design-48mp-camera-and-5100mah-battery-revealed" rel="noreferrer noopener">design and upgraded specs</a>.
SoundHound AI, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) is presenting its conversational AI voice technology this week at the 2025 NVIDIA GPU Technology <a target="_blank" href="https://www.benzinga.com/news/events/25/03/44380519/soundhound-ai-at-2025-nvidia-gpu-technology-conference-in-car-voice-commerce-ecosystem-a-game-changer-for-automotivetech" rel="noreferrer noopener">Conference (GTC) in&nbsp;San Jose, California</a>.&nbsp;
A&nbsp;new memoir by a former&nbsp;Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) executive reveals how&nbsp;Facebook's massive campaign to promote Free Basics in India was <a target="_blank" href="https://www.benzinga.com/media/25/03/44351682/meta-whistleblower-reveals-how-a-low-ranking-indian-official-outsmarted-mark-zuckerberg-and-crushed-facebooks-free-basics-with-one-single-click" rel="noreferrer noopener">ultimately undone by a single click</a>.
A renowned industry analyst has said that&nbsp;Nvidia Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) GTC 2025 conference&nbsp;could serve as a key turning point for its stock—but only if the company tackles investor concerns around its next-gen AI chips, server <a target="_blank" href="https://www.benzinga.com/tech/25/03/44352209/gtc-2025-could-reignite-nvidias-stock-rally-but-only-if-b300-ai-server-roadmap-and-scaling-concerns-are-addressed-says-top-analyst" rel="noreferrer noopener">production, and the future of scaling laws</a>.
Nvidia is betting big on embodied AI, with a generalist robot brain that mimics human cognition and <a target="_blank" href="https://www.benzinga.com/tech/25/03/44390580/nvidia-just-unveiled-a-humanoid-ai-brain-which-allows-robots-to-think-slow-jensen-huang-says-this-could-very-well-likely-be-the-largest-industry-of-all" rel="noreferrer noopener">could help fill a growing labor gap</a>.
Nvidia just landed another heavyweight deal—this time with&nbsp;General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>)—and it&#8217;s one that could shake <a target="_blank" href="https://www.benzinga.com/trading-ideas/long-ideas/25/03/44399929/how-the-nvidia-gm-partnership-could-challenge-tesla-boost-uber" rel="noreferrer noopener">up&nbsp;the autonomous driving race.</a>
At the GTC 2025 conference in San Jose,&nbsp;Nvidia announced that the company&#8217;s newly released open-source software,&nbsp;Dynamo, can make China&#8217;s&nbsp;DeepSeek R1&nbsp;AI model 30 times faster <a target="_blank" href="https://www.benzinga.com/media/25/03/44393971/nvidia-says-dynamo-can-make-deepseek-r1-30x-faster-with-blackwell-months-after-the-ai-model-sparked-selloff-leading-to-a-600-billion-drop-in-its-market-cap" rel="noreferrer noopener">when run on its latest&nbsp;</a><a target="_blank" href="https://www.benzinga.com/media/25/03/44393971/nvidia-says-dynamo-can-make-deepseek-r1-30x-faster-with-blackwell-months-after-the-ai-model-sparked-selloff-leading-to-a-600-billion-drop-in-its-market-cap" rel="noreferrer noopener">Blackwell GPU</a><a target="_blank" href="https://www.benzinga.com/media/25/03/44393971/nvidia-says-dynamo-can-make-deepseek-r1-30x-faster-with-blackwell-months-after-the-ai-model-sparked-selloff-leading-to-a-600-billion-drop-in-its-market-cap" rel="noreferrer noopener">&nbsp;chips</a>.
Nvidia Corporation&nbsp;CEO&nbsp;Jensen Huang&nbsp;dismissed reports that the company is involved in any&nbsp;negotiations to take over&nbsp;<a target="_blank" href="https://www.benzinga.com/tech/25/03/44409577/nvidia-ceo-jensen-huang-shuts-down-rumors-of-intel-foundry-takeover-nobodys-invited-us-to-a-consortium" rel="noreferrer noopener">Intel Corp's</a><a target="_blank" href="https://www.benzinga.com/tech/25/03/44409577/nvidia-ceo-jensen-huang-shuts-down-rumors-of-intel-foundry-takeover-nobodys-invited-us-to-a-consortium" rel="noreferrer noopener">&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) foundry operations</a>.
Short seller The Bear Cave has taken a swipe at Ibotta Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBTA#NYSE">IBTA</a>) in a new report highlighting slowing growth and collapsing <a href="https://www.benzinga.com/25/03/44420450/short-seller-says-ibotta-is-a-broken-business-bound-for-lower-share-prices" target="_blank" rel="noreferrer noopener">customer and employee relationships</a>.
Smartphones/Electronics
Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly entering its annual Top 100 executive retreat this week. This comes amid&nbsp;mounting criticism over&nbsp;the company&#8217;s <a target="_blank" href="https://www.benzinga.com/media/25/03/44350512/apples-ai-crisis-reaches-boiling-point-ahead-of-top-100-executive-retreat-tim-cook-and-key-execs-called-out-over-siri-failure-by-top-analyst" rel="noreferrer noopener">stalled artificial intelligence efforts</a>.
Security researchers found that the&nbsp;Passwords&nbsp;app introduced with&nbsp;Apple&#8217;s iOS 18&nbsp;was using unencrypted HTTP connections, exposing users to potential phishing <a target="_blank" href="https://www.benzinga.com/25/03/44390868/apples-new-passwords-app-left-users-exposed-to-phishing-attacks-for-months-due-to-serious-http-flaw-researchers-reveal" rel="noreferrer noopener">attacks until a quiet fix was issued</a>.
Eric Migicovsky, the creator of the original&nbsp;Pebble&nbsp;smartwatch, has said&nbsp;Apple&#8217;s&nbsp;iOS&nbsp;restrictions&nbsp;stifle innovation&nbsp;and make building third-<a target="_blank" href="https://www.benzinga.com/media/25/03/44411733/pebble-founder-echoes-mark-zuckerbergs-concerns-slams-apple-for-making-it-nearly-impossible-to-build-smartwatches-that-work-with-iphone" rel="noreferrer noopener">party wearables a painful uphill battle</a>.
After months of investor frustration,&nbsp;Samsung Electronics Co.&#8217;s&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) leadership is once&nbsp;again on the defensive—this time pledging bold moves to recover <a target="_blank" href="https://www.benzinga.com/media/25/03/44390468/samsung-apologizes-yet-again-for-ai-missteps-promises-major-deals-as-shareholders-fume-over-plunging-stock-our-company-failed-to" rel="noreferrer noopener">lost ground in AI and chip dominance</a>.
Qualcomm&nbsp;Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) has launched three new Snapdragon G-series platforms designed to elevate handheld gaming <a target="_blank" href="https://www.benzinga.com/markets/25/03/44392577/qualcomm-makes-a-renewed-push-into-handheld-gaming-unveils-3-new-snapdragon-g-series-gaming-chipsets" rel="noreferrer noopener">experiences across various platforms</a>.
Artificial Intelligence (AI)
A new study suggests artificial intelligence has officially passed the meme Turing Test, with large language models now generating memes rated funnier <a target="_blank" href="https://www.benzinga.com/tech/25/03/44369538/ai-just-passed-the-meme-turing-test-study-finds-llms-now-create-funnier-memes-than-most-humans" rel="noreferrer noopener">than those created by the average human</a>.
A blockchain project backed by&nbsp;Sam Altman&nbsp;is working to fight off AI bots in video games, one of the latest news pieces since the company <a target="_blank" href="https://www.benzinga.com/general/gaming/25/03/44387858/sam-altman-wants-to-get-rid-of-ai-bots-in-video-games-heres-the-why-and-how" rel="noreferrer noopener">rebranded from&nbsp;</a><a target="_blank" href="https://www.benzinga.com/general/gaming/25/03/44387858/sam-altman-wants-to-get-rid-of-ai-bots-in-video-games-heres-the-why-and-how" rel="noreferrer noopener">Worldcoin&nbsp;</a><a target="_blank" href="https://www.benzinga.com/general/gaming/25/03/44387858/sam-altman-wants-to-get-rid-of-ai-bots-in-video-games-heres-the-why-and-how" rel="noreferrer noopener">to&nbsp;</a><a target="_blank" href="https://www.benzinga.com/general/gaming/25/03/44387858/sam-altman-wants-to-get-rid-of-ai-bots-in-video-games-heres-the-why-and-how" rel="noreferrer noopener">World Inc.</a>
Andrej Karpathy, the former&nbsp;Tesla&nbsp;autopilot head&nbsp;and an ex-OpenAI&nbsp;researcher has outlined practical steps to improve digital privacy and security, offering a clear roadmap for anyone looking to <a target="_blank" href="https://www.benzinga.com/tech/25/03/44391397/former-tesla-autopilot-head-shares-ultimate-digital-hygiene-tips-and-tricks-andrej-karpathys-no-brainer-guide-to-safe-and-private-computing" rel="noreferrer noopener">protect their online identity better</a>.

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FXCOF

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IBTA

INTC

IRBT

QCOM

SOUN

Consumer Tech News (Mar 17-Mar 21): Google To Acquire Wiz, US Bans DeepSeek, Nvidia Does Big Revealation At GTC 2025 Event & More

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly contemplating the incorporation of cameras and visual intelligence capabilities into its smartwatches, marking its foray into the <a href="https://www.benzinga.com/tech/25/03/44068020/apples-ai-crisis-falling-behind-in-the-ai-race">AI wearables market</a>.
Bloomberg's&nbsp;Mark Gurman,&nbsp;in his&nbsp;<a href="https://www.bloomberg.com/news/newsletters/2025-03-23/apple-aapl-explores-turning-watches-into-wearable-ai-devices-with-cameras-m8ll6mvy?srnd=undefined&amp;sref=TBDibEcD">latest&nbsp;</a>weekly "Power On" column writes that Apple has been progressively making inroads into the AI wearables sector with the launch of the Visual Intelligence feature in the iPhone 16 last year. 
This innovative feature leverages AI to furnish users with data about their environment by analyzing images captured by the device&#8217;s camera.
Apple is also considering the addition of&nbsp;cameras to both its standard&nbsp;Series watches and Ultra models.&nbsp;
Also Read: <a href="https://www.benzinga.com/tech/25/03/44348175/apples-iphone-17-air-to-usher-in-new-era-of-slimmer-portless-models">Apple&#8217;s iPhone 17 Air to Usher in New Era of Slimmer, Portless Models</a>
The Series version is likely to have the camera embedded within the display, akin to&nbsp;the front-facing lens on the&nbsp;iPhone, while the Ultra model may have the camera lens&nbsp;on the side of the&nbsp;watch near the crown and&nbsp;button.
Apple&#8217;s exploration into AI wearables is a component of its overarching strategy to augment its existing product range rather than inventing new devices from the ground up. 
The company is projected to unveil these camera-integrated AirPods and Apple Watches by 2027, thereby solidifying its presence in the AI wearables market. 
This move could potentially revolutionize the way users interact with their environment, making technology more intuitive and integrated into daily life.
Read Next
<a href="https://www.benzinga.com/tech/25/03/44211544/apple-breaks-tradition-with-a-flood-of-new-releases-explores-smart-glasses" target="_blank" rel="noreferrer noopener">Apple Breaks Tradition With A Flood Of New Releases; Explores Smart Glasses</a>

Apple Explores AI Wearables With Camera-Integrated Smartwatches

The past week has been a rollercoaster ride in the world of artificial intelligence (AI). From Google&#8217;s ambitious 100-day AI sprint to OpenAI&#8217;s legal troubles, Nvidia&#8217;s AI advancements, and concerns over an AI bubble, the industry has seen it all. Let&#8217;s dive into the details.
Google&#8217;s 100-Day AI Sprint
Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google took on a 100-day challenge to develop a rival to ChatGPT. The project, named Bard, was led by Sissie Hsiao, a Google veteran with over 16 years of experience. The team&#8217;s objective was to counter the rising popularity of OpenAI's ChatGPT.
<a href="https://www.benzinga.com/25/03/44447804/a-peek-inside-googles-100-day-ai-sprint-how-gemini-went-from-generating-controversial-images-to-emerging-as-a-chatgpt-rival">Read the full article here.</a>
Legal Action Against OpenAI
A Norwegian man, Arve Hjalmar Holmen, has filed a lawsuit against OpenAI led by Sam Altman, alleging that ChatGPT falsely accused him of murdering his children. The false claim was discovered when Holmen asked ChatGPT about himself.
<a href="https://www.benzinga.com/25/03/44447760/sam-altman-led-openai-faces-legal-action-after-chatgpt-hallucination-claims-man-murdered-his-childrendigital-rights-group-says-it-violates-eu-law">Read the full article here.</a>
Nvidia&#8217;s Humanoid AI Brain
Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) unveiled Groot N1, a new foundation model for humanoid robots, at GTC 2025. The company&#8217;s CEO, Jensen Huang, believes this development in embodied AI could potentially fill a growing labor gap and become the largest industry.
<a href="https://www.benzinga.com/tech/25/03/44390580/nvidia-just-unveiled-a-humanoid-ai-brain-which-allows-robots-to-think-slow-jensen-huang-says-this-could-very-well-likely-be-the-largest-industry-of-all">Read the full article here.</a>
Nvidia and General Motors Partnership
Nvidia&#8217;s CEO, Jensen Huang, announced a partnership with General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) for its self-driving segment at the GPU Technology Conference (GTC). Huang declared that the era of autonomous vehicles has arrived.
<a href="https://www.benzinga.com/tech/25/03/44383445/nvidia-ceo-jensen-huang-announces-gm-partnership-the-time-for-autonomous-vehicles-has-arrived">Read the full article here.</a>
Concerns Over AI Bubble
The &#8216;Magnificent 7&#8217; companies, including Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), are expected to spend over $330 billion on AI infrastructure in 2025. However, China's AI breakthrough, despite the chip shortage, could affect these targets, potentially impacting profitability.
<a href="https://www.benzinga.com/markets/equities/25/03/44371661/ai-bubble-bursting-magnificent-7s-profit-margins-face-pressure-as-capital-spending-can-tumble-in-2025">Read the full article here.</a>
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<li><a href="https://www.benzinga.com/25/03/44447865/jamie-dimon-reveals-he-will-remain-jpmorgans-ceo-for-few-more-years-jokes-he-wont-swear-this-time">Jamie Dimon Reveals He Will Remain JPMorgan&#8217;s CEO For &#8216;Few More Years,&#8217; Jokes He Won&#8217;t Swear This Time</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Google's AI Sprint, OpenAI Legal Drama, Nvidia's AI Innovations, And AI Bubble Concerns: This Week In Artificial Intelligence

The past week has been a rollercoaster for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with the tech giant facing a series of challenges from internal turmoil to security oversights. The company&#8217;s stock has taken a hit, falling over 12% this year.
Amid these issues, CEO Tim Cook is reportedly making strategic changes to revive the struggling Siri assistant and catch up in the generative AI race.
Here&#8217;s a recap of the major stories that unfolded over the week.
Tim Cook Bets on Mike Rockwell to Revive Siri
Apple CEO Cook has reportedly reshuffled its AI leadership to revive the struggling Siri assistant. Mike Rockwell, the executive behind the Vision Pro headset, has been moved into a new leadership role overseeing Siri, pulling the virtual assistant out from under AI chief John Giannandrea&#8217;s control.
<a href="https://www.benzinga.com/media/25/03/44429160/apple-stock-down-over-12-this-year-now-tim-cook-is-reportedly-betting-on-vision-pros-mike-rockwell-to-fix-siri-after-losing-confidence-in-ai-boss-john-giannandrea">Read the full article here.</a>
Apple&#8217;s Passwords App Exposes Users to Phishing Attacks
Security researchers found that the Passwords app introduced with Apple&#8217;s iOS 18 was using unencrypted HTTP connections, leaving users exposed to potential phishing attacks until a quiet fix was issued.
<a href="https://www.benzinga.com/25/03/44390868/apples-new-passwords-app-left-users-exposed-to-phishing-attacks-for-months-due-to-serious-http-flaw-researchers-reveal">Read the full article here.</a>
Apple&#8217;s AI Crisis Peaks Ahead of Executive Retreat
Apple is reportedly entering its annual Top 100 executive retreat this week amidst mounting criticism over the company&#8217;s stalled artificial intelligence efforts.
<a href="https://www.benzinga.com/media/25/03/44350512/apples-ai-crisis-reaches-boiling-point-ahead-of-top-100-executive-retreat-tim-cook-and-key-execs-called-out-over-siri-failure-by-top-analyst">Read the full article here.</a>
Apple Struggles to Fix Siri&#8217;s AI Failures
Apple is reportedly facing internal turmoil as it struggles to fix major AI failures in Siri, with a top executive calling the delays ugly and embarrassing after the company prematurely marketed features that weren&#8217;t ready.
<a href="https://www.benzinga.com/25/03/44345486/apple-scrambles-to-fix-siris-ugly-and-embarrassing-ai-failures-after-public-missteptop-executive-admits-marketing-it-too-soon-made-things-worse">Read the full article here.</a>
iPhone 16e Sales Surge, But China Sales Expected to Slide
Apple&#8217;s newly released iPhone 16e is off to a strong start, but analysts say it won&#8217;t be enough to offset the tech giant&#8217;s declining sales in China this year.
<a href="https://www.benzinga.com/25/03/44345384/apples-new-iphone-16e-outsells-iphone-se-by-60-but-analysts-say-it-wont-stop-china-sales-from-sliding-in-2025">Read the full article here.</a>
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<li><a href="https://www.benzinga.com/25/03/44447865/jamie-dimon-reveals-he-will-remain-jpmorgans-ceo-for-few-more-years-jokes-he-wont-swear-this-time">Jamie Dimon Reveals He Will Remain JPMorgan&#8217;s CEO For &#8216;Few More Years,&#8217; Jokes He Won&#8217;t Swear This Time</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Apple's Siri AI Crisis, Security Flaws, And China Sales Woes: This Week In Appleverse

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas" target="_blank" rel="noreferrer noopener"> many investors' favorite stocks</a> over the last week — here's a look at some of our top stories.
Markets ended the week mixed, with the S&amp;P 500 and Dow slipping while the Nasdaq notched a slight gain, buoyed by strength in tech. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) extended its losing streak to a ninth consecutive week despite a broad market rebound earlier.
Investors digested a Federal Reserve decision to hold rates steady, alongside revised projections showing slower GDP growth and higher inflation for 2024. Fed Chair Jerome Powell downplayed the impact of potential tariffs as "transitory."
Meanwhile, jobless claims remained steady, and traders weighed the likelihood of rate cuts later this year amid stubborn inflation and economic uncertainty.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.
The Bulls
<a href="https://www.benzinga.com/trading-ideas/long-ideas/25/03/44360400/legendary-trader-says-tesla-nvidia-apple-shares-are-ready-to-rally-i-see-what-i-like-to-see">"Legendary Trader Says Tesla, Nvidia, Apple Shares Are Ready To Rally: ‘I See What I Like To See'"</a>, by Shanthi Rexaline, reports that Larry Benedict sees bullish setups forming in Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) as technical indicators turn favorable.
<a href="https://www.benzinga.com/markets/commodities/25/03/44423382/billionaire-stanley-druckenmiller-boosts-us-steel-stake-by-143-is-he-betting-on-merger">"Billionaire Stanley Druckenmiller Boosts US Steel Stake By 143%—Is He Betting On Merger?"</a>, by Shanthi Rexaline, reveals that Stanley Druckenmiller more than doubled his position in United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) as the company's pending sale to Nippon Steel draws closer amid regulatory scrutiny.
<a href="https://www.benzinga.com/news/large-cap/25/03/44426552/buffetts-berkshire-hathaway-outpaces-sp-500-with-best-2-month-run-since-2010">"Buffett's Berkshire Hathaway Outpaces S&amp;P 500 With Best 2-Month Run Since 2010"</a>, by Bibhu Pattnaik, highlights how Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) outperformed the broader market with a 16.4% surge, marking its strongest two-month performance in over a decade.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44367075/chinese-stocks-poised-for-best-quarter-vs-sp-500-since-2007-as-investors-bet-on-policy-turnaround">Chinese Stocks Poised For Best Quarter Vs. S&amp;P 500 Since 2007 As Investors Bet On Policy Turnaround</a>
<a href="https://www.benzinga.com/trading-ideas/movers/25/03/44379756/luminar-technologies-stock-continues-to-surge-whats-going-on">Luminar Technologies Stock Continues To Surge: What's Going On?</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44399812/tesla-analyst-turns-bullish-following-factory-visit-sees-multiple-catalysts-driving-ev-stock-to-425">Tesla Analyst Turns Bullish Following Factory Visit, Sees Multiple Catalysts Driving EV Stock To $425</a>
The Bears
<a href="https://www.benzinga.com/25/03/44423177/rivian-analyst-downgrades-stock-with-triple-whammy-of-policy-risk-no-catalysts-in-2025">"Rivian Analyst Downgrades Stock With ‘Triple Whammy' Of Policy Risk, No Catalysts In 2025"</a>, by Shanthi Rexaline, reports that Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) sank after a UBS analyst downgraded the stock, citing weak demand, policy headwinds and a lack of near-term growth catalysts.
<a href="https://www.benzinga.com/news/earnings/25/03/44425552/fedex-shares-fall-after-q3-earnings-miss-lower-fy25-revenue-forecast">"FedEx Shares Fall After Q3 Earnings Miss, Lower FY25 Revenue Forecast"</a>, by Shivani Kumaresan, reports that FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) tumbled after missing fiscal third-quarter earnings estimates and trimming its full-year revenue outlook amid continued demand weakness.
<a href="https://www.benzinga.com/25/03/44364206/trump-media-technology-insiders-dump-shares">"Trump Media &amp; Technology Insiders Dump Shares"</a>, by Bibhu Pattnaik, reveals that insiders at Trump Media &amp; Technology Group, which plans to merge with Digital World Acquisition Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DWAC#NASDAQ">DWAC</a>), have offloaded shares ahead of the company's anticipated public debut.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/25/03/44433594/nio-misses-revenue-estimates-lowers-q1-forecast-amid-stronger-competition-in-ev-market">NIO Q4 Earnings: Revenue &amp; EPS Miss, 45% Delivery Growth, Margin Gains And More</a>
<a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44357674/restaurant-sales-sink-recession-warning-or-just-weather-driven-dip">Restaurant Sales Sink: Recession Warning Or Just Weather-Driven Dip?</a>
<a href="https://www.benzinga.com/general/biotech/25/03/44395415/trump-administration-weighs-deep-cuts-to-domestic-hiv-prevention-programs-gilead-stock-slides">Trump Administration Weighs Deep Cuts To Domestic HIV Prevention Programs, Gilead Stock Slides</a>
Keep up with all the latest breaking news and trading ideas by following <a href="https://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener">Benzinga</a><a href="http://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener"> on X</a>.
Image created using artificial intelligence via Midjourney.

DWAC

RIVN

TSLA

Benzinga Bulls And Bears: Tesla, Nvidia, FedEx — And The Market Digests The Fed's Rate Decision

A Norwegian man has taken legal action against Sam Altman-led OpenAI alleging that ChatGPT falsely claimed he murdered his children.
What Happened: Arve Hjalmar Holmen discovered the alleged fabrication after asking ChatGPT, "Who is Arve Hjalmar Holmen?"&nbsp;
The AI chatbot responded with an invented story that he had murdered two sons, attempted to kill a third, and was sentenced to 21 years in prison.
"Some think that there is no smoke without fire—the fact that someone could read this output and believe it is true is what scares me the most," Holmen said, adding that the hallucination was damaging to his reputation, <a href="https://www.bbc.com/news/articles/c0kgydkr516o">reported</a> BBC.
The digital rights organization Noyb, which is representing Holmen in the complaint, argues that ChatGPT's response is defamatory and violates European data protection laws regarding the accuracy of personal information.
See Also:&nbsp;<a href="https://www.benzinga.com/25/03/44390868/apples-new-passwords-app-left-users-exposed-to-phishing-attacks-for-months-due-to-serious-http-flaw-researchers-reveal" target="_blank" rel="noreferrer noopener">Apple's New Passwords App Left Users Exposed To Phishing Attacks For Months Due To Serious HTTP Flaw</a>
"You can't just spread false information and in the end add a small disclaimer saying that everything you said may just not be true," said Noyb lawyer Joakim Söderberg.
Microsoft Corp.-backed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) OpenAI responded by saying the issue stemmed from an older version of ChatGPT and that newer models, including those with real-time web search, offer improved accuracy, the report noted.
"We continue to research new ways to improve the accuracy of our models and reduce hallucinations," the company said in a statement.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: The case highlights growing concerns over AI hallucinations—when generative models produce false yet convincing content.
Previously, Yann LeCun, Meta Platforms Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) chief AI scientist and &#8220;Godfather of AI,&#8221; said that <a href="https://www.benzinga.com/news/24/03/37559453/godfather-of-ai-explains-why-chatgpt-copilot-and-other-ai-chatbots-hallucinate">AI hallucinations stem from</a> their autoregressive prediction process—each time the AI generates a word or token, there's a chance it might deviate from a logical response, gradually leading the conversation astray.
In 2023, Sundar Pichai, CEO of Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) also acknowledged that AI technology, in general, is <a href="https://www.benzinga.com/news/23/04/31849266/sundar-pichai-opens-up-about-google-bards-trippy-troubles-no-one-in-the-field-has-yet-solved-halluci">still grappling with hallucination</a> problems.
Earlier this year, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) temporarily halted its Apple Intelligence news summary tool in the U.K. after it <a href="https://www.benzinga.com/25/01/42836957/apple-acknowledges-ai-flaws-after-bbc-complaint-vows-fix-for-misleading-news-summaries">generated inaccurate headlines</a> and misrepresented them as factual.
Google&#8217;s AI Gemini has also struggled with hallucinations—last year, it bizarrely advised using <a href="https://www.benzinga.com/news/24/05/39104319/google-defends-feature-that-spews-results-like-glue-on-pizza-and-obama-the-first-muslim-president-ai">glue to attach cheese to pizza</a> and claimed that geologists suggest people consume one rock per day.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://in.benzinga.com/markets/equities/25/03/44240048/openai-secures-near-12-billion-coreweave-deal-taking-stake-in-cloud-firm-ahead-of-35-billion-ipo-to-reportedly-reduce-microsoft-dependence">OpenAI Secures Near-$12 Billion CoreWeave Deal, Taking Stake In Cloud Firm Ahead Of $35 Billion IPO To Reportedly Reduce Microsoft Dependence</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

MSFT

Sam Altman-Led OpenAI Faces Legal Action Over ChatGPT 'Hallucination' That Accused Man Of Murder

<a href="https://www.benzinga.com/topic/warren-buffett">Warren Buffett</a> ended 2024 hoarding cash. Yet a longer look at <a href="https://www.benzinga.com/topic/berkshire-hathaway">Berkshire Hathaway</a>'s portfolio suggests that, as usual, Buffett isn't tipping his hand over his portfolio management strategy going forward. 
According to the firm&#8217;s 13-F regulatory filings, while top Berkshire holdings like American Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NASDAQ">AXP</a>) and Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) remain steady, Buffett is simultaneously curbing big positions in portfolio stalwarts.
Here&#8217;s what Buffett is selling and what he&#8217;s preparing for.
"Warren Buffett's been selling for a reason, and it's not because he's lost confidence in investing," said Steven Kibbel, a certified financial planner and an advisor at Prop Firm App, a website dedicated to proprietary trading and investment strategies. "He's sitting on a record cash pile that tells you everything. He's not just taking money off the table for the sake of it; he's waiting for better opportunities."
It&#8217;s no secret that the stock market has been pricey in recent years, and Buffett has never been one to chase high valuations. "He's also said before that when the market cap of U.S. stocks surpasses GDP by too much, it's a warning sign," Kibbel said. "Right now, that's exactly where we are."
Altogether, Berkshire Hathaway was a seller in 2024, exiting out of equity positions worth $143 billion, which boosted the company's ample cash stack to $334 billion. While Buffett wasn't crystal clear about his pivot to cash in his 2024 annual letter to shareholders, he left some clues for investors.
"Despite what some commentators currently view as an extraordinary cash position at Berkshire, the great majority of your money remains in equities. That preference won't change," Buffett wrote.
"Berkshire shareholders can rest assured that we will forever deploy a substantial majority of their money in equities – mostly American equities, although many of these will have international operations of significance," he added. "Berkshire will never prefer ownership of cash-equivalent assets over the ownership of good businesses, whether controlled or only partially owned."
In an ironic sidebar, Buffett also noted how far Berkshire has come in the past six decades, using taxes as a metric.
"In 1965, the company did not pay a dime of income tax, an embarrassment that had generally prevailed at the company for a decade. Fast forward 60 years and imagine the surprise at the Treasury when that same company – still operating under the name of Berkshire Hathaway – paid far more in corporate income tax than the U.S. government had ever received from any company – even the American tech titans that commanded market values in the trillions."
Buffett noted that the company's $26.8 billion tax comprised about 5% of all U.S. corporate taxes paid in 2024.
<h2 class="wp-block-heading">Where Buffett Is Selling</h2>
2024, especially the last quarter of the year, saw Berkshire exiting large positions in the financial sector.
"Bank stocks are a big part of Buffett's sell-off," Kibbel noted. "Look at what's happening with interest rates. Higher rates hurt banks' lending businesses, and with economic uncertainty, it's harder to predict how well these companies will perform."
Here's a closer look at three of the big stocks Berkshire Hathaway has been cutting, with a view on what comes next for the Buffett portfolio.
<h3 class="wp-block-heading">Apple</h3>
Team Buffett sold about 67% of its stake in Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) in 2024, selling most of it in the first three quarters of the year. The portfolio still holds $75.1 billion in AAPL shares. Apple shares are down -14.8% in 2025, so Buffett's AAPL haircut has largely paid off as the tech giant's share price dwindled downward.
Some market watchers say Buffett's Apple sale is about risk exposure.
"When a single stock makes up close to half of your portfolio, even a legend like Buffett knows it's time to trim," said John Beck, a founding partner at Beck &amp; Beck Missouri Lawyers who regularly consults with clients on money matters. "Apple's reliance on China, increased regulatory scrutiny, and supply chain vulnerabilities make it a long-term concern."
Other market experts advise not reading too much into Buffett pulling back on his AAPL exposure.
"Investors selling Apple because Buffett has pared down his position may be misreading his actions," said Robert R. Johnson, professor of Finance Heider College of Business at Creighton University. "Apple currently represents over 22% of Berkshire Hathaway&#8217;s $280-million-dollar marketable securities portfolio. To me, that signals that he has high confidence in the firm.&#8221;
<h3 class="wp-block-heading">Bank of America</h3>
After its 2024 selloff, Berkshire owns less than the 700 million Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) shares it initially purchased in 2017.
"Bank stocks are a big part of the Buffett sell-off," Kibbel said. "Look at what's happening with interest rates. Higher rates hurt banks' lending businesses, and with economic uncertainty, it's harder to predict how well these companies will perform."
Buffett's been trimming his position in Bank of America for a while, not all at once. To Kibble, "That suggests he's being careful about it.&#8221;
<h3 class="wp-block-heading">Citigroup</h3>
Berkshire Hathaway is in sell mode for a few reasons beyond a pricey market landscape.
"First, interest rates have fundamentally changed the game," Beck noted. "When money was cheap, financial stocks like Bank of America and Citigroup made sense. With higher rates, profit margins shrink, and banks face regulatory uncertainty. Buffett isn't just reacting to today—he's positioning for the next five to ten years."
It&#8217;s the same issue with Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), as Buffett dumped over 70% of that stake in a single quarter. "If one of the best financial minds in the world is reducing exposure to major banks, that says something," Kibbel said.
<h2 class="wp-block-heading">Takeaway On Buffett And His Growing Cash Position</h2>
It's hard to say what Buffett thinks as the first quarter of 2025 draws to a close. Yet, as the adage goes, the past is prologue, and Buffett may be planning something more significant than shaving down the size of some of his portfolio favorites.
"Warren Buffett has sold a large percentage of his holdings in Apple because he likely thinks it is fully valued," said David I. Kass, a finance professor at the University of Maryland. "However, Apple remains Berkshire&#8217;s largest equity holding. Similarly, he has reduced his stake in Bank of America and Citigroup."
Kass noted that Buffett is also raising cash in preparation for Greg Abel to succeed him as CEO in the near future, enabling Abel to start with a relatively clean slate. "The sales of other stocks, like Ulta Beauty and Nu Holdings, were most likely those of his portfolio managers, Todd Combs or Ted Weschler, since those stakes were relatively small."
Lastly, Buffett is not selling because he thinks these companies are bad; he&#8217;s doing so because he wants to be liquid.
"Take Apple, for example," said David Capablanca, a short-selling equity trading specialist and host of the Friendly Bear Podcast. "He's been trimming his position in Apple, his largest holding, for three quarters now. That tells me he's concerned about valuations, especially in a high-interest-rate environment where tech stocks tend to struggle."
Investors may want to keep in mind that Buffett is not selling out of fear—he's selling to be aggressive when he buys.
"That's the key difference," Capablanca said. "When markets drop, he'll be sitting on a massive pile of cash, ready to scoop up bargains."
So, should the average investor track Berkshire's move into cash? It depends, Capablanca said.
"If you're thinking long-term like Buffett, then yes, studying his moves can give you some insight," he noted. "But blindly copying him isn't the way—he has a different strategy, time horizon, and level of patience than most retail investors. The important thing is understanding why he's doing what he's doing, not just mirroring his trades," he concluded.
Photo: Shutterstock

Opinion

3 Beloved Stocks Warren Buffett Is Dumping As Markets Fall

The era of China's investment-led growth seems to have ended. The country's economic growth is expected to be driven by household consumption. Data released Monday showed China's retail sales growing 4.0% year-on-year in the first two months of 2025, accelerating from December's 3.7% growth.
Given China's subdued economic growth, consumers are increasingly shifting toward secondary consumption (preowned and refurbished), prioritizing affordability and sustainability.
Here's a look at companies capitalizing on this trend and their recent performance.
PDD Holdings Misses Q4 Revenue Estimates
PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), parent of Chinese e-commerce platforms Pinduoduo and Temu, announced its <a href="https://www.benzinga.com/news/earnings/25/03/44414695/temu-parent-pdd-holdings-drops-after-q4-revenue-miss-details" target="_blank" rel="noopener">fourth quarter and fiscal year 2024 results on Thursday</a>.
Although the company generated strong growth across all key metrics, quarterly revenues fell short of elevated expectations. Total revenues grew by 24% year-on-year in the fourth quarter to RMB 110.61 billion ($15.15 billion), missing the consensus estimate of RMB 115.15 billion.
Operating profits rose 14% year-on-year to RMB 25.59 billion ($3.51 billion), while non-GAAP earnings stood at RMB 28 billion ($3.86 billion). Adjusted earnings per American depositary share (ADS) came in at RMB 20.15 ($2.76), beating expectations of RMB 19.84.
"Looking ahead, we will continue to prioritize investments in the platform ecosystem as the cornerstone of our long-term value creation strategy," Jun Liu, VP of Finance at PDD Holdings, said during the earnings call.
Analyst Rating Changes For PDD Holdings
<ul>
<li>Nomura analyst <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/597f2735c1f5580001ef53be/jialong-shi">Jialong Shi</a> downgraded the rating from Buy to Neutral on Thursday, lowering the price target from $137 to $130.</li>
<li>US Tiger Securities analyst <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e4d2018ece4e600011f25ca/bo-pei">Bo Pei</a> downgraded the rating from Buy to Hold while keeping the price target unchanged at $130.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Xiaomi Posts Record Annual Revenues And Earnings
China's smartphone giant, Xiaomi Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>), reported 49% year-over-year growth in fourth-quarter revenues on Tuesday. The figure reached a record high of RMB 109 billion ($15.1 billion), beating market expectations of RMB 103.94 billion.
Adjusted net profit jumped 70% year-on-year to RMB 8.32 billion, beating estimates of RMB 6.399 billion.
For the full year, Xiaomi posted record revenues of RMB 365.9 billion ($50.62 billion), up 35%. The company's adjusted net profits also hit an all-time high of RMB 27.2 billion ($3.76 billion), rising 41.3% year-on-year.&nbsp;
The company raised its 2025 target for EV deliveries from 300,000 to 350,000, posing stiff competition to Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), which has seen its share price tank almost 40% year to date.  Xiaomi also raised its handset shipment target to 180 million as it continues to gain market share in China at the cost of Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
"This has been a milestone year for Xiaomi. We have stepped onto the fast track of growth with our mobile phone, automobile, IoT, and other businesses advancing in parallel," company president Lu Weibing said on Xiaomi's earnings conference call.
ATRenew Turns Profitable
ATRenew Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NYSE">RERE</a>) recently announced its fourth-quarter revenues surged 25.2% year-on-year to RMB 4.85 billion ($664.4 million). The company reported operating income of RMB 53.1 million ($7.3 million), versus a loss in the same quarter in 2023.
For the full year, ATRenew's revenue climbed 25.9% to RMB 16.39 billion ($2.24 billion), with adjusted operating income soaring 62.8% to RMB 409.7 million ($56.1 million).
Other Stocks In Focus
<ul>
<li>Apple leads the global refurbished smartphones market, with around a 50% share.</li>
<li>Refurbished products contribute more than 60% of eBay Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) gross merchandise value (GMV).</li>
<li>Other key players in this space include Samsung Electronics Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>), Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Best Buy Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>).</li>
</ul>
Price Action
<ul>
<li>Shares of PDD Holdings were trading lower by 2.89% at $127.13 at the time of publication on Friday.</li>
<li>Xiaomi&#8217;s stock had declined by 2.75% to $7.06 at the time of publication on Friday.</li>
<li>Shares of ATRenew were down 1.10% at $3.14 at the time of publication on Friday.</li>
</ul>
Read More: <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44367075/chinese-stocks-poised-for-best-quarter-vs-sp-500-since-2007-as-investors-bet-on-policy-turnaround">Chinese Stocks Poised For Best Quarter Vs. S&amp;P 500 Since 2007 As Investors Bet On Policy Turnaround</a>
Photo: Shutterstock

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Asia

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EBAY

Citigourp Global Markets 2% Protected Notes Linked To The Djia

RERE

XIACF

Rise Of China's Secondary Consumption: Key Stocks To Watch

<a href="https://www.usitc.gov/press_room/news_release/2025/er0321_66680.htm" title="https://www.usitc.gov/press_room/news_release/2025/er0321_66680.htm">https://www.usitc.gov/press_room/news_release/2025/er0321_66680.htm</a>

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LNVGY

'USITC Institutes Section 337 Investigation Of Certain Foreign-fabricated Semiconductor Devices, Products Containing The Same, And Components Thereof' - U.S. International Trade Commission

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$118.00</td>
<td>$29.0K</td>
<td>97.0K</td>
<td>37.5K</td>
</tr>
<tr>
<td>CSCO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$60.00</td>
<td>$38.2K</td>
<td>17.4K</td>
<td>6.8K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/28/25</td>
<td>$42.00</td>
<td>$91.8K</td>
<td>17.9K</td>
<td>6.0K</td>
</tr>
<tr>
<td>ZS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$185.00</td>
<td>$1.2 million</td>
<td>392</td>
<td>3.0K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$210.00</td>
<td>$29.3K</td>
<td>34.2K</td>
<td>2.7K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/28/25</td>
<td>$280.00</td>
<td>$58.5K</td>
<td>2.1K</td>
<td>1.7K</td>
</tr>
<tr>
<td>CLS</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$97.50</td>
<td>$63.0K</td>
<td>651</td>
<td>603</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/28/25</td>
<td>$310.00</td>
<td>$50.9K</td>
<td>2.0K</td>
<td>523</td>
</tr>
<tr>
<td>JKS</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$22.50</td>
<td>$156.0K</td>
<td>0</td>
<td>400</td>
</tr>
<tr>
<td>IONQ</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$25.00</td>
<td>$31.1K</td>
<td>1.9K</td>
<td>372</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 255 contract(s) at a $118.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $114.0 per contract. There were 97048 open contracts at this strike prior to today, and today 37539 contract(s) were bought and sold. 
• For CSCO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 1418 contract(s) at a $60.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $38.2K, with a price of $27.0 per contract. There were 17403 open contracts at this strike prior to today, and today 6889 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option sweep that happens to be neutral, expiring in 7 day(s) on March 28, 2025. This event was a transfer of 473 contract(s) at a $42.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $91.8K, with a price of $194.0 per contract. There were 17922 open contracts at this strike prior to today, and today 6051 contract(s) were bought and sold. 
• Regarding ZS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>), we observe a put option trade with bullish sentiment. It expires in 56 day(s) on May 16, 2025. Parties traded 2775 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $1.2 million, with a price of $435.0 per contract. There were 392 open contracts at this strike prior to today, and today 3025 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a put option sweep that happens to be bearish, expiring in 91 day(s) on June 20, 2025. This event was a transfer of 33 contract(s) at a $210.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $29.3K, with a price of $890.0 per contract. There were 34243 open contracts at this strike prior to today, and today 2760 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a put option sweep that happens to be bullish, expiring in 7 day(s) on March 28, 2025. This event was a transfer of 100 contract(s) at a $280.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $58.5K, with a price of $585.0 per contract. There were 2161 open contracts at this strike prior to today, and today 1761 contract(s) were bought and sold. 
• For CLS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>), we notice a call option trade that happens to be neutral, expiring in 27 day(s) on April 17, 2025. This event was a transfer of 100 contract(s) at a $97.50 strike. The total cost received by the writing party (or parties) was $63.0K, with a price of $630.0 per contract. There were 651 open contracts at this strike prior to today, and today 603 contract(s) were bought and sold. 
• Regarding APP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on March 28, 2025. Parties traded 49 contract(s) at a $310.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $50.9K, with a price of $1040.0 per contract. There were 2010 open contracts at this strike prior to today, and today 523 contract(s) were bought and sold. 
• Regarding JKS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>), we observe a put option trade with neutral sentiment. It expires in 182 day(s) on September 19, 2025. Parties traded 400 contract(s) at a $22.50 strike. The total cost received by the writing party (or parties) was $156.0K, with a price of $390.0 per contract. There were 0 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold. 
• For IONQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>), we notice a put option trade that happens to be bearish, is expiring today. Parties traded 100 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $31.1K, with a price of $311.0 per contract. There were 1955 open contracts at this strike prior to today, and today 372 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

CSCO

IONQ

MSTR

SMCI

10 Information Technology Stocks With Whale Alerts In Today's Session

<a href="https://www.benzinga.com/personal-finance/25/03/44346708/charlie-munger-called-elon-musk-a-certified-genius-who-exaggerates-his-iq-but-warned-never-underestimate-the-man-who-overestimates-himself">Charlie Munger</a> never believed in selling people dreams, and when a 20-year-old from India asked him for investing advice at the Daily Journal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DJCO#NYSE">DJCO</a>) annual meeting in 2015, he didn't sugarcoat a thing. <a href="https://www.forbes.com/sites/phildemuth/2015/04/13/charlie-mungers-2015-daily-journal-annual-meeting-part-2/">Forbes transcribed</a> the exchange, capturing Munger's brutally honest response.
The question was simple: "What is your advice to a 20-year-old individual who wants to achieve financial freedom through investing?"
Munger's answer? That used to be doable—but <a href="https://www.benzinga.com/personal-finance/25/03/44065682/charlie-munger-shared-advice-for-the-young-but-it-applies-to-all-if-youve-got-anything-you-really-want-to-do-dont-wait-until-youre-93">for young investors today</a>, the road to riches through investing is a lot rougher.
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<li>This startup is on the brink of a huge disruption to a $654 billion industry – <a href="https://www.benzinga.com/money/venhub-adv">invest in it for under $10 before it's too late</a>.</li>
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"Achieving success through investments has been pretty easy in my lifetime," Munger said. He explained that if an investor was "rational and disciplined," the stock market gave them a built-in tailwind, averaging around 10% per year before taxes. That alone, combined with smart saving and living below your means, "was enough to take care of you."
But then came the reality check.
"Now, if the world is going to get 10% out of indexes in the future, and I don't think it will, in real terms, getting more has proven to be quite difficult," Munger warned. "Some of you who come along later are finding that if you stay in the big stocks, it's damn near impossible for most people."
And then, the gut punch: "When things are damn near impossible, maybe you could stop trying."
That was 2015. Now, in 2025, the market is proving him right.
Trending: This platform is reshaping how you invest in private companies —<a href="https://www.benzinga.com/money/kingscrowd-adv"> and you can be a part of it for $0.18 per share</a>
<h2 class="wp-block-heading">The Market Has Changed—Just Like Munger Predicted</h2>
The S&amp;P 500 pulled off over 20% gains in 2023 and 2024, but things aren't looking so bright this year. The Magnificent Seven—Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and the rest of the tech giants—have lost nearly 15%, taking much of the broader market down with them. Investors who thought they could ride big-name stocks to easy riches? They're learning the hard way that the game has changed.
Companies like Tencent are throwing billions into artificial intelligence, but AI-driven investing tools are becoming so common that any advantage they once offered is slipping away. Investors looking for a shortcut to wealth are running into the same problem Munger described: it's damn near impossible for most people to outperform the market now.
<h2 class="wp-block-heading">That $10 Million Advice—And Who Actually Said It</h2>
One of the most memorable moments of the 2015 meeting came when Daily Journal CEO Gerry Salzman joked, "Charlie says the way to get rich is to keep $10 million in your checking account in case a good deal comes along."
The room laughed, but Munger was quick to clarify: that wasn't his advice—it was actually real estate mogul Howard Ahmanson's line to a bunch of young and starving college grads . Then he added his own signature commentary, "rich people sometimes get a little pompous."
For most people, keeping $10 million liquid isn't exactly an option, but Munger's real point was about being prepared. If you want to take advantage of real opportunities, you need money on hand.
See Also: Many are using retirement income calculators to check if they&#8217;re on pace — <a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv">here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
<h2 class="wp-block-heading">Munger's Final Take—And Why It Still Matters</h2>
Munger <a href="https://www.benzinga.com/personal-finance/25/02/43759618/charlie-munger-said-the-hardest-part-of-getting-rich-is-the-first-100000-but-from-there-it-snowballs-and-you-can-ease-off-the-gas">never promised an easy path to wealth</a>. In fact, he spent decades trying to steer people away from thinking there was a simple formula. And in 2025, his warning is proving more accurate than ever.
The stock market isn't handing out easy money. AI investing isn't a magic trick. And the best opportunities still go to those who are disciplined, patient, and have the capital to act when the time is right.
As Munger put it, if something's "damn near impossible," stop wasting time chasing it. The real key to wealth is to be smart, be prepared, and most importantly—don't be delusional.
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<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
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Personal Finance

DJCO

Charlie Munger Told a 20-Year-Old That Getting Rich Through Investing Is 'Damn Near Impossible' — And You Might Need $10 Million in the Bank

In today's rapidly changing and fiercely competitive business landscape, it is vital for investors and industry enthusiasts to carefully evaluate companies. In this article, we will perform a comprehensive industry comparison, evaluating Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) against its key competitors in the Technology Hardware, Storage &amp; Peripherals industry. By analyzing important financial metrics, market position, and growth prospects, we aim to provide valuable insights for investors and shed light on company's performance within the industry.
<h3>Apple Background</h3>
Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Apple Inc</td>
<td>33.98</td>
<td>48.18</td>
<td>8.28</td>
<td>58.74%</td>
<td>$45.91</td>
<td>$58.27</td>
<td>3.95%</td>
</tr>
<tr>
<td>Super Micro Computer Inc</td>
<td>17</td>
<td>3.72</td>
<td>1.19</td>
<td>5.29%</td>
<td>$0.4</td>
<td>$0.67</td>
<td>54.93%</td>
</tr>
<tr>
<td>Hewlett Packard Enterprise Co</td>
<td>7.80</td>
<td>0.85</td>
<td>0.71</td>
<td>2.39%</td>
<td>$1.11</td>
<td>$2.29</td>
<td>16.27%</td>
</tr>
<tr>
<td>NetApp Inc</td>
<td>17.06</td>
<td>19.10</td>
<td>2.98</td>
<td>31.69%</td>
<td>$0.45</td>
<td>$1.15</td>
<td>2.18%</td>
</tr>
<tr>
<td>Pure Storage Inc</td>
<td>163.84</td>
<td>12.68</td>
<td>5.49</td>
<td>3.12%</td>
<td>$0.11</td>
<td>$0.58</td>
<td>5.87%</td>
</tr>
<tr>
<td>Western Digital Corp</td>
<td>12.86</td>
<td>1.28</td>
<td>0.98</td>
<td>4.89%</td>
<td>$0.96</td>
<td>$1.52</td>
<td>41.33%</td>
</tr>
<tr>
<td>Eastman Kodak Co</td>
<td>7.23</td>
<td>0.82</td>
<td>0.58</td>
<td>2.46%</td>
<td>$0.05</td>
<td>$0.05</td>
<td>-3.27%</td>
</tr>
<tr>
<td>Turtle Beach Corp</td>
<td>18.21</td>
<td>2.35</td>
<td>0.79</td>
<td>18.11%</td>
<td>$0.03</td>
<td>$0.05</td>
<td>46.76%</td>
</tr>
<tr>
<td>AstroNova Inc</td>
<td>19.75</td>
<td>0.82</td>
<td>0.50</td>
<td>0.26%</td>
<td>$0.0</td>
<td>$0.01</td>
<td>7.65%</td>
</tr>
<tr>
<td>Average</td>
<td>32.97</td>
<td>5.2</td>
<td>1.65</td>
<td>8.53%</td>
<td>$0.39</td>
<td>$0.79</td>
<td>21.47%</td>
</tr>
</tbody>
</table>
<style>
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 border-collapse: collapse;
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 .dividend-frequency {
 font-size: 12px;
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 }
 </style>By thoroughly analyzing Apple, we can discern the following trends: 
<ul>
<li>
Notably, the current Price to Earnings ratio for this stock, 33.98, is 1.03x above the industry norm, reflecting a higher valuation relative to the industry.
</li>
<li>
It could be trading at a premium in relation to its book value, as indicated by its Price to Book ratio of 48.18 which exceeds the industry average by 9.27x.
</li>
<li>
The Price to Sales ratio of 8.28, which is 5.02x the industry average, suggests the stock could potentially be overvalued in relation to its sales performance compared to its peers.
</li>
<li>
The Return on Equity (ROE) of 58.74% is 50.21% above the industry average, highlighting efficient use of equity to generate profits.
</li>
<li>
With higher Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $45.91 Billion, which is 117.72x above the industry average, the company demonstrates stronger profitability and robust cash flow generation.
</li>
<li>
With higher gross profit of $58.27 Billion, which indicates 73.76x above the industry average, the company demonstrates stronger profitability and higher earnings from its core operations.
</li>
<li>
The company's revenue growth of 3.95% is significantly below the industry average of 21.47%. This suggests a potential struggle in generating increased sales volume.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742569249_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio gauges the extent to which a company has financed its operations through debt relative to equity.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
By evaluating Apple against its top 4 peers in terms of the Debt-to-Equity ratio, the following observations arise:
<ul>
<li>
When evaluating the debt-to-equity ratio, Apple is in the middle position among its top 4 peers.
</li>
<li>
The company maintains a moderate level of debt relative to its equity with a debt-to-equity ratio of 1.45, suggesting a relatively balanced financial structure.
</li>
</ul>
<h3>Key Takeaways</h3>
For Apple in the Technology Hardware, Storage &amp; Peripherals industry, the PE, PB, and PS ratios are all high compared to its peers, indicating a potentially overvalued stock. On the other hand, Apple's high ROE, EBITDA, gross profit, and low revenue growth suggest strong profitability and operational efficiency relative to industry competitors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing Apple's Performance Against Competitors In Technology Hardware, Storage &amp; Peripherals Industry

<ul>
<li>TSLA</li>
<li>WAR</li>
<li>NVDA</li>
<li>MU</li>
<li>X</li>
<li>QQQ</li>
<li>AAPL</li>
<li>MSTR</li>
<li>NKE</li>
<li>TSLR</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

TSLR

Top 10 Trending Stocks On WallStreetBets As Of March 21, 2025 (Via Swaggy Stocks)

After slipping into a technical correction this month, the S&amp;P 500 may be on the cusp of a powerful rebound that could drive it to new all-time highs — provided the U.S. economy avoids a recession, <a href="https://www.benzinga.com/topic/expert-ideas">as historical patterns suggest.</a>
In a note shared Friday titled "Where To Invest Now", Goldman Sachs chief U.S. equity strategist David J. Kostin said the S&amp;P 500 index — as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) — could climb to 6,200 points by the end of 2025. 
That&#8217;s a 12% increase from current levels of around 5,675, provided the U.S. economy manages to sidestep a downturn.
<h3 class="wp-block-heading">The Big &#8216;If&#8217;</h3>
"If the economy avoids a recession, 12-month forward return averages 12%," Kostin said, showing that historical data supports this conditional optimism. 
Looking back to 1950, history shows that when the S&amp;P 500 falls 10% and the U.S. economy sidesteps a recession, the index typically rebounds with a 12% gain over the following year.
If the window shortens to six months, the index typically returns about 8%.
Economists at Goldman Sachs and elsewhere are forecasting a gradual deceleration in growth. GDP is projected to slow from 2.8% in 2024 to between 2.0% and 2.2% in 2025, according to Goldman estimates.
The Federal Reserve Bank of Atlanta's GDPNow model is signaling even more fragility, forecasting a contraction of 1.8% for the first quarter of 2025 as of March 18, albeit a slight better revision from previous estimates.
Adding to investor anxiety is the spike in policy uncertainty. 
The U.S. Economic Policy Uncertainty Index has surged to one of its highest levels in 30 years, while Goldman Sachs' economics team expects the effective U.S. tariff rate to jump by 10 percentage points. That would raise the average tariff burden to 13%—the steepest since 1938.
<h3 class="wp-block-heading">Market Rotation: The Fall of the Magnificent 7?</h3>
2025 has started on a shaky note for megacap tech names. 
The so-called Magnificent 7 — Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) — have collectively delivered a year-to-date return of negative 12%.
That underperformance contrasts with the rest of the S&amp;P 500: the remaining 493 companies have gained 1% in the same period, suggesting a rotation out of megacaps into broader market exposure.
&#8220;Tesla has declined by 50%, more than twice the fall of the other Mag 7 stocks,&#8221; Kostin said.
&#8220;Market share of top 7 stocks in S&amp;P 500 is now 31%, down from nearly 35% before the correction.&#8221;
<h3 class="wp-block-heading">Spending Like It's 2023? Capex Boom Continues</h3>
Yet, big tech isn't tightening the purse strings. Goldman Sachs forecasts that capital expenditures for the Magnificent 7 will jump 32% this year to $333 billion — twice the amount they spent annually before the launch of OpenAI's ChatGPT in late 2022.
Leading the investment surge are Amazon.com and Alphabet, expected to spend $103 billion and $75 billion respectively in 2025. Nvidia will more than double its capex to $45 billion, while Meta Platforms plans a 36% increase to $61 billion.
This aggressive reinvestment signals long-term confidence in artificial intelligence and cloud infrastructure. 
Despite recent stock pressure, these companies are aggressively ramping up spending — a signal they're betting big on long-term growth and the durability of their business models.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>2025 Capex ($ bn)</th>
<th>YoY Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Amazon</td>
<td>103</td>
<td>+25%</td>
</tr>
<tr>
<td>Alphabet</td>
<td>75</td>
<td>+42%</td>
</tr>
<tr>
<td>Microsoft</td>
<td>66</td>
<td>+20%</td>
</tr>
<tr>
<td>Meta Platforms</td>
<td>61</td>
<td>+36%</td>
</tr>
<tr>
<td>Apple</td>
<td>13</td>
<td>+17%</td>
</tr>
<tr>
<td>Tesla</td>
<td>11</td>
<td>-6%</td>
</tr>
<tr>
<td>Nvidia</td>
<td>45</td>
<td>+112%</td>
</tr>
<tr>
<td>Total</td>
<td>333</td>
<td>+32%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">S&amp;P 500 Earnings Poised To Grow 7% This Year</h3>
Goldman maintains a constructive stance on the earnings trend. The firm projects S&amp;P 500 aggregate earnings per share will rise 7% to $262 in 2025. That's slightly below the consensus estimate of $270, which assumes 10% growth.
Goldman's valuation model implies a year-end price-to-earnings multiple of 20.6, supported by expectations that nominal 10-year Treasury yields will stay broadly flat around 4.35%.
One of the biggest tailwinds for equities right now is the investor allocation itself. According to Goldman, investors currently have more than 50% of their financial assets tied up in stocks—an all-time high.
Read Now: 
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<li><a href="https://www.benzinga.com/government/regulations/25/03/44434672/gold-nears-3100-mark-as-us-accelerates-repatriation-amid-tariff-fears-and-securing-domestic-reserves">Gold Nears $3,100 Mark As US Accelerates Repatriation Amid Tariff Fears, Possibility Of An Audit</a></li>
</ul>
Image: Shutterstock

Econ #s

S&P 500 Could Soar 12% By Year-End—But Only If Recession Is Avoided, Goldman Sachs Says

Perplexity, backed by Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is reportedly in talks to raise up to $1 billion in a new funding round that would value the company at $18 billion—<a href="https://www.benzinga.com/tech/24/12/42570376/jeff-bezos-backed-perplexity-raises-500-million-tripling-its-valuation-to-9-billion-as-competition-with-google-and-openai-heats-up">double its valuation</a> just four months ago.
What Happened: Perplexity is in discussions to raise between $500 million and $1 billion, reported Reuters, citing a person familiar with the matter
This comes after the <a href="https://www.benzinga.com/markets/equities/24/10/41420230/jeff-bezos-backed-perplexity-aims-for-8b-valuation-in-new-funding-round-ai-fueled-google-challen">company was previously</a> valued at $9 billion in November 2024.&nbsp;
The massive jump reflects surging investor demand in AI search and agent-based technologies that can perform complex tasks on behalf of users.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It&#8217;s Important: Perplexity's rising valuation puts it closer to elite AI firms like OpenAI, which raised $6.6 billion in 2023 at a <a href="https://www.benzinga.com/news/24/10/41149788/openai-valuation-soars-to-157b-in-latest-funding-round">$157 billion valuation</a>.
However, Perplexity's rapid rise has drawn scrutiny. Media companies including Forbes, Wired, and News Corp have accused the startup of <a href="https://www.benzinga.com/news/24/09/40972869/jeff-bezos-backed-perplexity-ai-in-discussion-with-marriott-and-nike-as-it-prepares-to-challenge-to">scraping and republishing</a> content without attribution.
In response, the company has launched a publisher partnership program to work directly with news organizations.
Earlier this week, SoftBank Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) <a href="https://in.benzinga.com/markets/equities/25/03/44370200/softbank-signs-agreement-to-resell-perplexity-enterprise-pro-deploying-7000-sales-members-to-drive-adoption-in-japan">signed an agreement</a> to become an authorized reseller of Perplexity Enterprise Pro, deploying a 7,000-member sales team to boost adoption in Japan.
Meanwhile, Perplexity AI CEO Aravind Srinivas has stated that the <a href="https://in.benzinga.com/25/03/44429645/perplexity-ceo-says-app-will-make-apple-intelligence-work-amid-iphone-makers-ai-challenges">company could enhance</a> Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) AI capabilities, amid criticism of Cupertino for its delayed AI initiatives.
Photo courtesy: Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40851084/mark-cuban-was-once-tending-a-bar-in-dallas-but-quickly-realized-he-wasnt-great-at-working-for-peopl?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Was Once Tending A Bar In Dallas But Quickly Realized He Wasn't Great At Working For People</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

SFTBF

SFTBY

Jeff Bezos And Nvidia-Backed Perplexity AI Eyes $18 Billion Valuation In New Funding Round — Doubling In Just 4 Months

The streaming service of Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Apple TV+, is reportedly incurring annual losses exceeding $1 billion.
What Happened: Since its 2019 launch, Apple has been allocating over $5 billion annually to content for Apple TV+. However, this budget was cut by around $500 million last year. However, the losses are crossing $1 billion a year, the Information revealed on Thursday. 
Despite its original shows like &#8220;Ted Lasso&#8221; and &#8220;The Morning Show&#8221;, Apple TV+ has found it challenging to rival industry leaders such as Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), Disney Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) Disney+ and Amazon.com&#8216;s Prime Video (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) in subscriber numbers.
Recent data indicates that Netflix leads with 301.63 million subscribers, followed by Disney+ with 124.6 million, and Warner Bros Discovery with 116.9 million. A Visible Alpha poll estimates that Apple TV+ will have reached 40.4 million subscribers by the end of 2024.
Despite these losses, Apple TV+ productions have received over 2,500 nominations and 538 wins, as announced by CEO Tim Cook in a post-earnings call in January. Amid escalating competition in the streaming industry, Apple TV+ is included in a Comcast (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) package that includes the service along with Peacock and Netflix for $15 per month.
SEE ALSO: <a href="https://www.benzinga.com/personal-finance/25/03/44428045/gold-is-surging-could-buying-this-gold-dividend-rgld-stock-be-the-best-way-to-profit-on-the-trend">Gold Is Surging &#8212; Could Buying This Gold Dividend (RGLD) Stock Be The Best Way To Profit On The Trend?</a>
Why It Matters: Apple's streaming business falls under its Services segment, which also encompasses Apple Music, the App Store, and other ventures. For the fourth quarter, the Services segment generated $26.3 billion in revenue, reflecting a 14% year-over-year increase. Reportedly, Apple TV+ is the only segment of Apple&#8217;s services business that remains unprofitable. According to Arstechnica, limited viewership and small marketing efforts for Apple TV+ are some of the reasons behind these annual losses. 
Notably, the Information reveals that the original concept of Apple TV+ was not focused on gaining the highest number of streaming subscribers but rather on strengthening users&#8217; connection to the iPhone and the broader Apple ecosystem. Moreover, an Apple TV+ employee told the publication that the streaming service is projected to incur losses ranging from $15 billion to $20 billion within its first decade since launching in 2019.
That being said, Apple has been making strategic moves to boost its subscriber base and expand its ecosystem. In February, Apple <a href="https://www.benzinga.com/25/02/43885302/apple-expands-apple-tv-to-android-eyes-subscription-growth-and-ecosystem-expansion-analyst-says">expanded its Apple TV+ </a>app to Android mobile devices, aiming to increase subscription growth.
Furthermore, Apple&#8217;s services chief Eddy Cue, during a panel at the SXSW festival in Austin, Texas, highlighted Apple TV+&#8217;s selective content strategy and wants to focus on it. He <a href="https://www.benzinga.com/general/entertainment/25/03/44212936/eddy-cue-praises-severance-for-breaking-through-the-noise-globally-says-apple-tv-isnt-going-to-throw-20-shows-on-the-wall-hoping-one-will-stick">praised the global success</a> of &#8220;Severance,&#8221; considering it one of the most culturally impactful shows of recent years.
Apple Stock lost 12.20% year-to-date stock as it grapples with broader market challenges.
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<li>READ MORE: <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44429282/bitcoin-ethereum-dogecoin-erase-gains-even-as-trump-reiterates-crypto-capital-pledge-arthur-hayes-says-odds-are-shifting-more-bullish-for-btc">Bitcoin, Ethereum, Dogecoin Erase Gains Even As Trump Reiterates &#8216;Crypto Capital&#8217; Pledge: Arthur Hayes Says &#8216;Odds Are Shifting More Bullish&#8217; For BTC</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

CMCSA

NFLX

Apple TV+ Bleeding Over $1 Billion Yearly As Streaming War Heats Up: Report

Perplexity AI CEO Aravind Srinivas said on Thursday that &#8220;Perplexity will make Apple Intelligence work,&#8221; responding to a social media post suggesting the artificial intelligence startup should replace Siri on iPhones.
What Happened: The comment comes as Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) faces mounting criticism over its delayed AI initiatives and reported internal turmoil surrounding its Siri virtual assistant.
Apple&#8217;s AI efforts have reached what Bloomberg&#8217;s Mark Gurman described as a &#8220;crisis&#8221; point, with key executives including CEO Tim Cook, software chief Craig Federighi, and AI lead John Giannandrea reportedly sharing blame for failing to deliver promised features. The issues coincide with Apple&#8217;s annual <a href="https://in.benzinga.com/media/25/03/44350512/apples-ai-crisis-reaches-boiling-point-ahead-of-top-100-executive-retreat-tim-cook-and-key-execs-called-out-over-siri-failure-by-top-analyst">Top 100 executive retreat this week</a>.
The move follows admissions from Siri division senior director Robby Walker, who called the delays &#8220;ugly and embarrassing,&#8221; blaming premature marketing for <a href="https://in.benzinga.com/25/03/44345486/apple-scrambles-to-fix-siris-ugly-and-embarrassing-ai-failures-after-public-missteptop-executive-admits-marketing-it-too-soon-made-things-worse">features that weren&#8217;t ready</a>.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Perplexity will make Apple Intelligence work. <a href="https://t.co/GzIrbdNczB">https://t.co/GzIrbdNczB</a>
&mdash; Aravind Srinivas (@AravSrinivas) <a href="https://twitter.com/AravSrinivas/status/1902756938078961758?ref_src=twsrc%5Etfw">March 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/large-cap/25/03/44426552/buffetts-berkshire-hathaway-outpaces-sp-500-with-best-2-month-run-since-2010">Buffett&#8217;s Berkshire Hathaway Outpaces S&amp;P 500 With Best 2-Month Run Since 2010</a>
Why It Matters: Meanwhile, Perplexity AI, backed by Jeff Bezos and NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), has been gaining momentum. The company recently launched an advanced assistant for Android devices and secured a major partnership with SoftBank Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>), which deployed 7,000 sales team members to<a href="https://www.benzinga.com/markets/equities/25/03/44370200/softbank-signs-agreement-to-resell-perplexity-enterprise-pro-deploying-7000-sales-members-to-drive-adoption-in-japan"> drive enterprise adoption in Japan</a>.
Apple&#8217;s AI struggles have contributed to a 12.2% stock decline year-to-date, with Morgan Stanley recently lowering its price <a href="https://in.benzinga.com/analyst-ratings/analyst-color/25/03/44284821/apple-stock-takes-a-bite-out-of-investors-as-siri-fumbles-ai-race">target from $275 to $252</a>.
Despite the setbacks, Tim Cook expressed confidence in Apple Intelligence last October, stating the technology would make Apple products &#8220;profoundly different&#8221; and put users &#8220;on a different technology curve,&#8221; comparing its significance to the iPhone&#8217;s touch interface.
Apple faces intense competition in the AI space from Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), OpenAI, Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Perplexity Can Make 'Apple Intelligence Work' Says CEO Aravind Srinivas As iPhone Maker Attracts Criticism On Siri And AI Delays

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has been facing <a href="https://in.benzinga.com/25/03/44345486/apple-scrambles-to-fix-siris-ugly-and-embarrassing-ai-failures-after-public-missteptop-executive-admits-marketing-it-too-soon-made-things-worse">mounting pressure from investors</a> and competitors. On Thursday, CEO Tim Cook reportedly reshuffled its AI leadership to revive the struggling Siri assistant and catch up in the generative AI race.
What Happened: Apple has moved Mike Rockwell — the executive behind the Vision Pro headset — into a new <a href="https://www.benzinga.com/media/25/03/44350512/apples-ai-crisis-reaches-boiling-point-ahead-of-top-100-executive-retreat-tim-cook-and-key-execs-called-out-over-siri-failure-by-top-analyst">leadership role overseeing Siri</a>, pulling the virtual assistant out from under AI chief John Giannandrea's control, <a href="https://www.bloomberg.com/news/articles/2025-03-20/apple-vision-pro-chief-mike-rockwell-named-siri-head-giannandrea-keeps-ai-role?srnd=undefined">reported</a> Bloomberg, citing people familiar with the matter.&nbsp;
Rockwell will now report to Craig Federighi, Apple's senior VP of software engineering, while Giannandrea retains oversight of other AI research initiatives.
See Also: <a href="https://www.benzinga.com/25/03/44390868/apples-new-passwords-app-left-users-exposed-to-phishing-attacks-for-months-due-to-serious-http-flaw-researchers-reveal">Apple&#8217;s New Passwords App Left Users Exposed To Phishing Attacks For Months Due To Serious HTTP Flaw</a>
The shift follows months of delays and missed deadlines for Apple Intelligence. Internally, Apple managers described the situation as ugly, with developers uncertain about when key features will ship.
These setbacks reportedly caused Cook to lose confidence in Giannandrea's ability to execute.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: The leadership shake-up signals Apple's new <a href="https://www.benzinga.com/tech/25/03/44068020/apples-ai-crisis-falling-behind-in-the-ai-race">direction to turn around its AI performance</a>, especially as rivals like Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and OpenAI surge ahead.
Apple&#8217;s AI missteps coincide with a 12.20% year-to-date stock decline as the company navigates broader market challenges.
Last week, Morgan Stanley flagged concerns about Apple&#8217;s AI delay, lowering its price <a href="https://in.benzinga.com/analyst-ratings/analyst-color/25/03/44284821/apple-stock-takes-a-bite-out-of-investors-as-siri-fumbles-ai-race">target from $275 to $252</a>.
Price Action: Apple shares closed Thursday at $214.10, declining 0.53% during the regular session. In after-hours trading, it dropped an addition of 0.19%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Image via Shutterstock
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Apple Stock Down Over 12% This Year — Now Tim Cook Is Reportedly Betting On Vision Pro's Mike Rockwell To Fix Siri After Losing Confidence In AI Boss John Giannandrea

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