Apple set to lose nearly $500 billion in value after weak forecast

Apple shares fell nearly 10 per cent on Friday after a disappointing forecast showed that the iPhone maker was struggling to secure enough components as the AI-driven data center boom strains global supply chains.

Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate  reuters.com

Mark Zuckerberg under pressure over huge AI spending

July 29 : Qualcomm forecast fourth-quarter profit below Wall Street estimates on Wednesday, and said revenue from Apple products would decline faster than expected as supply constraints and rising costs weighed on its business.Shares of the San Diego, California-based company fell more than 4 per cent in extended tradi