Apple hits record intraday high, up 6.2% at $352.52
The jump reverses Tuesday’s selloff over memory-chip costs and lifts Cupertino’s market value back above $5 trillion.
The jump reverses Tuesday’s selloff over memory-chip costs and lifts Cupertino’s market value back above $5 trillion.
Analysts’ average target implies 143.6% upside, but $35.1 billion of debt and a $39 billion capex plan hang over the November 10 earnings report.
The Super Intelligence division now supplies 52% of the company’s sales, and third-quarter capital spending ran to 134% of revenue.
Intel fell 26% on a weak PC outlook, a day after Alphabet’s worst single-day loss on record.
D.A. Davidson upgraded AVGO to buy and raised its target to USD 400, and the stock gained more than 3% on Wall Street.
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