Apple (AAPL) iPhone 16 sales in China grew by 20% in its first three weeks on the market, according to Counterpoint Research data.
The National Highway Traffic Safety Administration (NHTSA) is leading a probe into Tesla’s (TSLA) “Full Self-Driving” technology in its EVs following several crash reports. Tesla is currently expected to report its third quarter earnings results next week.
Intel (INTC) aims to sell a minority stake in subsidiary chipmaker Altera Corporation.
Seana Smith and Brad Smith report on these top trending stocks and stories.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
This post was written by Luke Carberry Mogan.
We’re taking a closer look at some trending tickers this morning.
We’ve got Apple, Tesla and Intel, and we’re doing it in 30 seconds each or less.
Let’s go.
Sales of the newest iPhone 16 lineup in China They’re up 20% in its debut three weeks in, compared to the 2023 model now.
That’s according to counterpoint research data provided to Bloomberg.
Take a look.
Shares of Apple a APL.
It’s up by about 1.4% and we had actually got an update earlier this week as well.
From I DC talking about the growth in China specifically here.
What’s notable is that the growth in Chinese players in emerging markets that’s been an ongoing theme this year.
Apple also enjoying a 3.5% year over year growth in shipments this quarter, fueled by the demand for that iPhone 16.
All right.
Turning now to Tesla, the National Highway Traffic Safety Administration has opened an investigation into Tesla’s full self driving software.
This follows four crash reports involving one death and one injury.
An NHATS, a spokesperson telling Yahoo Finance that the probe will examine the system’s potential failure to detect and disengage in specific situations where it cannot adequately operate, and the extent to which it can act to reduce risk.
Of course, this has been a question.
Your surrounding Tesla big question for investors, obviously, beyond safety is ultimately how big of a drag potentially this could be on Tesla’s stock and lastly, here we’ve got to check in on Intel.
Intel is reportedly looking to sell a minority stake in its Alterra unit in order to raise billions of dollars.
It comes as Intel struggles to keep up in the A I race as it’s spending heavily but losing some significant market share to chip makers who are out in front like NVIDIA and a MD shares.
Right now, they’re up by about 1% as this would be roughly estimated.
Or it is believed to be about a $17 billion sale that they’re eyeing here
