Chronological News (1143561-1140101)

THEAMERICANCONSERVATIVE (Spencer Neale) - Ternus Formally Replaces Cook as Apple CEO Tue Sep 1 17:57:22 2026

State of the Union: The company’s former hardware chief takes over $4.7 trillion company. The post Ternus Formally Replaces Cook as Apple CEO appeared first on The American Conservative .

After 15 years at the helm, Tim Cook has stepped down as CEO of Apple. John Ternus, the computer company’s former senior vice president of hardware engineering, was named the tech company’s new CEO, effective September 1. Ternus, who first joined Apple in 2001 on the product design team, takes over a company currently valued at $4.6 trillion. Following news of the succession, Apple’s stock rallied nearly 3 percent as of Tuesday afternoon. Cook succeeded Steve Jobs, Apple’s founder, in August of 2011. During Cook’s time in charge, Apple’s stock grew from $13 a share to more than $320, nearly 2,300 percent. Cook’s tenure also brought a restructuring of leadership around a team of executives that made collective decisions and…Open

DAILYCALLER (Dylan Kresak) - Apple’s New CEO Takes Over A Trillion-Dollar Giant That’s Losing The AI Race Tue Sep 1 15:20:03 2026

‘Sending lots of love’

AXIOS (Herb Scribner) - Apple, OpenAI legal fight keeps escalating. Here's how we got here Tue Sep 1 12:09:56 2026

Apple and OpenAI are escalating their legal fight over allegations that the ChatGPT maker used Apple employees to obtain closely guarded hardware secrets. Why it matters: If the case makes it to the discovery process, two of the most secretive companies in tech could be forced to reveal sensitive information about how they recruit talent, develop hardware and protect confidential information. Driving the news: On Monday, OpenAI responded to Apple's preliminary injunction request that asked a judge to block OpenAI from using any potential confidential information or trade secrets while the lawsuit remains in motion. - In its response, OpenAI said: "This dispute is a mess of Apple's own making, and it is trying to blame everyone else." -…

NYTIMES (Kalley Huang) - John Ternus Replaces Tim Cook as Apple CEO Tue Sep 1 10:08:44 2026

Big technology and management changes are greeting John Ternus, whose long-serving predecessor, Tim Cook, will stay on as executive chair.

AXIOS (Ina Fried) - Tim Cook's legacy hinges on Apple's AI bet Tue Sep 1 09:46:47 2026

For better or worse, Tim Cook's legacy is likely to be determined by something we don't really know the answer to yet: the company's bet to build its AI strategy partly around other companies' models. Why it matters: In the short term, the move could save substantial sums compared with building and operating a frontier-model business of its own, but it's left Apple dependent on Google for some of its most important AI capabilities. Driving the news: As John Ternus officially takes over today as Apple CEO, much of the analysis of Cook's tenure has focused on his record. - On the positive side, he has more than quadrupled annual revenue and grown Apple's market capitalization by an even higher amount, to more than $4 trillion. - And he…

YOUTUBE (CNN) - Pricey tech gadgets? Blame the memory shortage | Terms of Service Tue Sep 1 08:11:02 2026

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Prices for new laptops, tablets and more have jumped thanks to a shortage of memory chips, which are also needed for AI data centers. Should you try to wait it out, or buy new devices before it gets worse? CNN Tech Editor Lisa Eadicicco has answers. 0:00 Why laptops and tablets are more expensive 8:25 Could manufacturers just use less memory? 15:06 What should consumers do? Watch 24/7 live news with CNN Headlines: https://bit.ly/4eIvlTr #News #tech

Keywords

ai tech semiconductors memory-chips data-centers tech-industry apple artificial-intelligence computing hardware consumer-electronics inflation big-tech microsoft amazon china economy stock-market

AXIOS (Madison Mills) - Nvidia almighty: Chip riches flood through AI universe Fri Aug 28 09:44:03 2026

Data: S&P Capital IQ Pro; Chart: Erin Davis/Axios Visuals Nvidia made billions selling AI's essential ingredient: chips. - Now it's plowing those riches straight back into the AI ecosystem, betting on a buildout that craves ever more compute. Why it matters: Nvidia has become the AI industry's supplier, banker and kingmaker, feeding a self-reinforcing cycle in which chip profits finance the next wave of chip demand. State of play: Already the world's most valuable company, Nvidia is now worth more than five of the 11 sectors that make up the S&P 500. - The chipmaker reported nearly $60 billion in quarterly profit Wednesday, prompting The Kobeissi Letter to call the results "the most impressive earnings in history." - Nvidia believes…

AXIOS (Emily Peck) - What we learned from Nvidia's big day Thu Aug 27 17:01:21 2026

Data: Source: S&P Capital IQ Pro, company releases; Note: Nvidia's fiscal year runs ahead of the calendar. The quarter ended July 2026 is its Q2 fiscal 2027.; Chart: Emily Peck/Axios AI behemoth Nvidia reported blowout earnings Wednesday — exceeding Wall Street's expectations — and even jaded investors who had grown a bit immune to the company's stratospheric growth over the past year seemed to like it. Why it matters: The chipmaker's earnings are viewed as a barometer of the overall health of the AI trade. - Every three months when it reports its financials, Wall Street combs through the numbers for signs the whole shebang is slowing down. By the numbers: The numbers are bonkers. Nvidia's revenue was $96.2 billion in the second…

What is the nature of the supply chain challenges currently facing Nvidia?

Nvidia is facing a squeeze due to surging demand for memory chips. The company noted that price increases in the memory space are exceeding expectations, which is expected to slightly shrink its margins for the coming year, though CFO Colette Kress characterized this as a "good problem" driven by the AI buildout.

Q&A ID 9e014c69-f473-4d14-8498-f60854b87762

According to Nvidia CEO Jensen Huang, what are the two drivers of AI demand besides hyperscalers?

CEO Jensen Huang stated that the other two drivers of AI demand are "sovereign AI" (countries building their own AI infrastructure) and the enterprise market (all other firms using AI).

Q&A ID a2ece7c1-a939-4255-8e73-2f0f766cec52

What specific customer deal did Colette Kress announce regarding chip purchases?

Colette Kress announced that Amazon will be purchasing an additional 2 million chips.

Q&A ID bbf7ac41-fe97-439a-b5a8-00defbffcaaa

How much is Nvidia committing to stock buybacks, and how does this compare to Alphabet's recent activity?

Nvidia is buying back $19 billion in stock, which is more than the company did last year. In contrast, Alphabet repurchased zero shares in its most recent quarter.

Q&A ID 8dd394f2-6b25-4684-a996-f6d69a4893b8

What are Nvidia's revenue growth expectations for the next fiscal year according to CFO Colette Kress?

CFO Colette Kress informed investors that the company expects revenue to jump by 70% next fiscal year, surpassing the previous expectation of 45%.

Q&A ID e1aa2353-18db-46bd-8576-6dce0b5acad9

What was Nvidia's reported revenue for the second quarter of fiscal year 2027, and how does it compare to the same period last year?

Nvidia reported revenue of $96.2 billion for the second quarter (which ended in July 2026), representing an increase of more than double the amount reported during the same period one year ago.

Q&A ID 337d28d2-7e6e-44ab-b61a-4c84861df826

NYTIMES (Kalley Huang) - Nvidia’s Profit Doubles to $59.69 Billion Thanks to A.I. Spending Thu Aug 27 12:57:03 2026

Quarterly revenue also more than doubled, to $96.22 billion, the company said, topping expectations on Wall Street.

YOUTUBE (LiveNOW from FOX) - Nvidia beats Q2 expectations, projects 70% growth in 2028 Thu Aug 27 07:01:55 2026

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Nvidia just delivered another massive earnings report, but the bigger story may be what comes next. The company reported fiscal second-quarter earnings after the closing bell on Wednesday. The company is also projecting roughly 70% revenue growth for fiscal 2028. LiveNOW’s Andy Mac spoke with Robbie Whelan from The Wall Street Journal about Nvidia’s second quarter fiscal report and what could be next for the tech giant.

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