Peter Andersen of Andersen Capital Management joined CNBC's "Power Lunch" on Monday to offer his take on a few key market movers.

Peter Andersen of Andersen Capital Management joined CNBC's "Power Lunch" on Monday to offer his take on a few key market movers.

Wall Street is looking to see if Apple's iPhone launch on Tuesday could spark sales and renew investor enthusiasm on the beaten-down stock.

Apple unveils iPhone Air and a slew of new devices, Klarna has its long-awaited IPO, Nvidia calls China sales critics 'AI doomers,' and Microsoft to use Anthropic models.

Analysts are optimistic Apple can become a stronger growth story, even though many hoped that it would increase iPhone prices more significantly.

D.A. Davidson maintained its $250 price target on Apple, implying a 10% upside from the iPhone maker's Wednesday close.