Tech giants Apple (AAPL), Amazon (AMZN), and Nvidia (NVDA) have made headlines ahead of the approaching holiday season. Let’s take a closer look at each of their recent developments.
Starting with Apple, the company’s smartphone sales in China reportedly fell behind those of Huawei and Xiaomi during the country’s recent Singles Day shopping event. Despite this, analyst Daniel Ives maintains that Apple’s position in Asia remains strong, and the company is expected to remain in a position of strength through 2024.
In terms of Nvidia, the company has delayed the launch of its new artificial intelligence chip for China due to U.S. export restrictions, impacting sales in the region. However, the delay should not result in a significant near-term impact on sales performance, and the company’s long-term growth opportunities remain promising.
Lastly, Amazon’s Prime Video will exclusively stream the Miami Dolphins and the New York Jets game, with the game also featuring QR codes linking to Black Friday deals. This deal represents another incremental increase in value for customers and underscores the ongoing efforts of mega-cap tech companies to gain further advertising real estate and grow synergies between online shopping and TV businesses.
Ultimately, while these developments represent notable news for each of these tech giants, they do not drastically alter the overall investment outlook for any of the companies.