The Rundown Apple Rises Despite Slowing iPhone Sales, OpenAI In Talks to Raise $40B at $340B Valuation
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Jan 31, 2025 Explore the impact of Trump's tariffs on market fluctuations, revealing initial dips followed by recoveries. Dive into Apple's earnings report, highlighting revenue growth alongside declining iPhone sales that worry investors. Discover OpenAI's substantial fundraising moves and the market's reaction to earnings from major tech players. Lastly, uncover U.S. concerns over Chinese tech companies and their strategies to bypass AI chip export restrictions, shedding light on Nvidia's crucial role in this dynamic landscape.
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Economic Growth and Tariffs
- The U.S. economy grew by 2.5% in 2024, driven by strong consumer spending.
- Potential tariffs against Mexico and Canada could impact future economic growth.
Apple's Mixed Q4 Earnings
- Apple's Q4 revenues and profits beat estimates, but iPhone sales were down 1%.
- Apple's services revenue and iPad/Mac sales saw significant growth.
OpenAI's Funding Round
- OpenAI is in talks to raise $40 billion at a $340 billion valuation, despite recent competition.
- This comes after a $6.6 billion raise in October at a $157 billion valuation.