AI stocks to watch, Apple TV tries free, and the Chips Act scramble: Tech roundup
The AI stocks that could boom in 2025
Big Tech stocks could have another big year in 2025.
Nvidia (NVDA), Amazon (AMZN), Alphabet (GOOGL), and Apple (AAPL) could continue to be some of the biggest winners of the artificial intelligence-driven stock boom, David Dietze, senior portfolio strategist at Peapack Private Wealth Management, said in the latest episode of Quartz AI Factor, a video series set at the Nasdaq MarketSite.
Apple TV+ will be free to stream this weekend
Apple (AAPL) announced Monday that its video streaming service, Apple TV+, will be free worldwide this upcoming weekend, allowing anyone with an Apple ID to access the platform’s shows.
How many billions Big Tech spent on AI data centers in 2024
Big Tech is spending billions on artificial intelligence as demand grows for computing power and more advanced capabilities.
Microsoft (MSFT), Meta (META), Google (GOOGL), and Amazon (AMZN) spent a combined $125 billion on investing in and running AI data centers between January and August 2024, according to a JPMorgan (JPM) report citing New Street Research. The research shows both total AI capital expenditures and total data center operating costs, which include “cash operating expenses, software, depreciation, and electricity.”
Apple is giving discounts on iPhones in China to compete with Huawei
Apple (AAPL) is giving its Chinese customers a discount on iPhones as it competes with homegrown rivals such as Huawei.
The iPhone maker is offering a discount of up to 500 Chinese yuan, or $68.50, on its latest iPhone models when customers use “eligible payment methods,” according to the Apple website. The 500 yuan discount applies to the iPhone 16 Pro and iPhone 16 Pro Max, while the iPhone 16 and iPhone 16 Plus will be discounted by 400 yuan during the promotion, which runs from January 4 to 7.
Apple has agreed to pay $95 million over Siri’s alleged eavesdropping
Tech giant Apple (AAPL) has agreed to pay $95 million to settle a proposed cash action lawsuit over allegations that it used its virtual assistant to eavesdrop on iPhone users.
AI takes over CES 2025, one smart gadget at a time
Just when you thought your toaster couldn’t get any smarter, CES 2025 is about to prove you wrong. The world’s biggest tech show returns to Las Vegas from January 7-10, promising to stuff artificial intelligence into literally everything that has a power button.
Chipmakers are rushing to get Chips Act money before Biden’s out. Here’s who’s finalized so far
As the Biden administration prepares to pass power to President-elect Donald Trump, U.S. chipmakers are rushing to finalize federal funding.
In 2022, President Joe Biden signed the bipartisan CHIPS and Science Act to boost semiconductor manufacturing, research, and development in the U.S. The $280 billion package includes $52 billion in subsidies for chips.
Elon Musk’s Starlink will give Ukraine ‘uninterrupted’ cell service
Elon Musk’s Starlink is set to give Ukraine “uninterrupted” service through its satellite network through a partnership with Kyivstar (VEON), the country’s largest mobile operator.
AI investors will demand returns in 2025, analyst says
David Dietze of Peapack Private Wealth Management says capital expenditures are no longer enough and AI companies must deliver tangible cash flows
From Nvidia to Reddit: How AI will reshape industries in 2025
David Dietze of Peapack Private Wealth Management on the companies powering the AI revolution — and who’s cashing in