Broadcom Rises, Amazon Gains, Apple Slumps on Report of Foldable iPhone Engineering Snags
On this episode of Stock Movers:
- Broadcom (AVGO) shares rose on Tuesday after the chipmaker announced a long-term agreement with Google to develop and supply Tensor Processing Units.
- Amazon (AMZN) shares gain after the company reached a new agreement with the US Postal Service, providing a lifeline to the agency and securing delivery for customers in rural America. Amazon will retain about 80% of its existing deliveries with USPS, or more than 1 billion packages per year, according to a person familiar with the matter.
- Apple (AAPL) shares slump after Nikkei Asia reported that the company is seeing setbacks in the engineering test phase of the foldable iPhone and that it could push back its production and shipment schedule. The report cited unidentified people.
See omnystudio.com/listener for privacy information.
More description
On this episode of Stock Movers:
- Broadcom (AVGO) shares rose on Tuesday after the chipmaker announced a long-term agreement with Google to develop and supply Tensor Processing Units.
- Amazon (AMZN) shares gain after the company reached a new agreement with the US Postal Service, providing a lifeline to the agency and securing delivery for customers in rural America. Amazon will retain about 80% of its existing deliveries with USPS, or more than 1 billion packages per year, according to a person familiar with the matter.
- Apple (AAPL) shares slump after Nikkei Asia reported that the company is seeing setbacks in the engineering test phase of the foldable iPhone and that it could push back its production and shipment schedule. The report cited unidentified people.
See omnystudio.com/listener for privacy information.
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