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Nasdaq 100 surged 1.65% driven by strong semiconductor gains. Micron Technology led with +20.88%, while storage and chip stocks rallied broadly, offsetting weakness in software and automotive sectors.
Apple rolled out iPhone 17, Pro models and iPhone Air with A19 chips and durability upgrades, which may boost sales, but competition and a premium valuation keep the stock at a cautious Zacks Hold.
Apple is regaining momentum via iPhone 16 sales, services surpassing 1B paid subscriptions, and projected revenue/EPS growth, but a $490M settlement over alleged China demand misstatements weighs on …