Intel Soars After Hours, and Apple’s iPhone Concerns Description 9/16/24

Intel's stock surged after announcing an expanded partnership with AWS, signaling optimism in AI chip technology and potential growth in its foundry business. Meanwhile, Apple faced challenges with iPhone demand, reflected in shorter shipping times that may disrupt its upgrade cycle. The team discussed underlying economic indicators that impact market movements, including speculation around Federal Reserve rate cuts. They also touched on shifts in the cruise line industry, highlighting Norwegian’s resilience amid broader economic concerns.