Apple And Tesla Shares Rise On Low Expectations, AI IPhone, China FSD [Forbes]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Forbes
into "Tim Apple" on social media Thursday, March 7, 2019 after a slip-up by US President Donald Trump sparked a viral moment on Twitter. The Twittersphere reacted after a Wednesday, March 6, 2019 White House meeting where the US president thanked "Tim Apple" for the tech giant's investments and job creations. Cook changed his Twitter handle the following morning, using the Apple icon and his first name to get in on the fun. Some Twitter users offered other suggestions for the president including Bill Microsoft (Gates), Elon Tesla (Musk) and even George America (Washington). (Photo by STRINGER / AFP) (Photo by STRINGER/AFP via Getty Images) Shares of Apple and Tesla have risen, 5% and 31%, respectively from their April 22 lows. What is behind the pop in their share prices in the last week? Two guesses: Lowered growth expectations. Vague announcements name-checking AI buzzwords. I have contacted Apple and Tesla to request comment and will update this post if I receive a reply.
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