Apple Inc.Apple raised prices on MacBooks and iPads due to soaring component costs, causing shares to tumble more than 6%.
OpenAI is seriously considering holding off its initial public offering until 2027 due to concerns over investor sentiment, according to The New York Times. The Microsoft-backed company had confidentially filed a draft IPO with the SEC earlier this month and was eyeing a public entry as soon as the third or fourth quarter of this year, but a quick pullback in SpaceX share values and concerns about AI companies meeting their lofty goals prompted a reconsideration. Apple shares tumbled more than 6% after the tech giant announced price hikes on MacBooks and iPads to combat soaring component costs, with the MacBook Neo entry model rising from $599 to $699, the MacBook Air 512GB increasing from $1,099 to $1,299, and the MacBook Pro 1TB jumping from $1,699 to $1,999. On the tablet side, the iPad Air 128GB moves from $599 to $749 and the iPad Pro Wifi 256GB rises from $999 to $1,199. Italy's antitrust authority has opened an investigation into Microsoft over alleged unfair commercial practices related to a price increase for its Microsoft 365 subscription service, saying the company failed to adequately inform consumers about the price increase and did not make it sufficiently clear that the subscription had been integrated with AI services Copilot and Designer. The UN's International Maritime Organization has temporarily paused its operation to escort stranded ships and seafarers through the Strait of Hormuz following an attack on a cargo ship in the Gulf of Oman, with two U.S. officials telling Reuters that Iran had fired on the ship.
Apple Inc.Apple raised prices on MacBooks and iPads due to soaring component costs, causing shares to tumble more than 6%.
Microsoft CorporationItaly's antitrust authority opened an investigation into Microsoft over unfair practices related to a price increase for Microsoft 365.
Space Exploration Technologies Corp. Class A Common StockSpaceX share values pulled back, cited as a factor in OpenAI's IPO delay consideration, but no direct impact on SpaceX itself.
OpenAI is considering delaying its IPO until 2027 due to concerns over investor sentiment and a pullback in SpaceX shares.