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Apple Sinks on Weak Guidance While Nvidia Battles Its Own AI Risks

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The Story

News Summary

  • Apple beat Q3 estimates but guided soft on margins and revenue growth, citing memory costs and chip shortages, sending shares down 7-8%.
  • Nvidia also slid amid financing risk concerns despite dominant 86% AI GPU market share.
  • Hedge funds favor Nvidia over Apple.
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AAPL price history

332.27 +20.75% over the displayed period

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