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ASX set to rise, oil prices extend slide; Apple becomes a $US5tr company

Most of Wall Street is rising even as stocks of computer chipmakers continue to tumble worldwide. Oil prices, meanwhile, are easing further from the two-month high they hit last week.

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theage.com.auStai leggendo1 mese fa

ASX set to rise, oil prices extend slide; Apple becomes a $US5tr company

Apple reaches $5 trillion but chip stocks crash (Micron -8.9%, AMD -7.2%): market questions AI sustainability amid Chinese competition. Meta, Microsoft, Amazon earnings this week signal if capex budgets hold—critical data for data center and AI stack decisions.

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smh.com.au1 mese fa

ASX set to rise ahead of inflation data, oil prices extend slide; Apple becomes a $US5tr company

Chipmakers crashed (Micron -8.9%, Kospi -10.8%) on AI capex sustainability concerns and Chinese chip competition, while Apple hit $5 trillion market cap. This week's earnings from Meta, Microsoft, Amazon will dictate whether IT teams maintain infrastructure capex or pivot toward cost-efficient in-house optimization.

ASX set to rise, oil prices extend slide; Apple becomes a $US5tr company

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ASX set to rise, oil prices extend slide; Apple becomes a $US5tr company

ASX set to rise ahead of inflation data, oil prices extend slide; Apple becomes a $US5tr company

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ASX set to rise, oil prices extend slide; Apple becomes a $US5tr company

ASX set to rise ahead of inflation data, oil prices extend slide; Apple becomes a $US5tr company

ASX set to jump, Microsoft leads Wall Street rally; Apple results ahead