Apple, set to close out Big Tech earnings Thursday after the market closes, looks to extend Big Tech’s largely positive winning streak. Connor Smith for MarketWatch: Shares of Apple have soared nearly 31% in 2023, though the stock is up just 2.4% over the past 12 months. The S&P 500 is up 7.7% this year and down 3.9% in the past 12 months. So far, Big Tech earnings have been fairly positive. Reports from Microsoft, Alphabet, and Meta Platforms were mostly well received by Wall Street. Amazon.com ‘s results topped estimates but a weak outlook around the cloud sent shares falling. Apple investors are hoping the firm follows in Microsoft’s footsteps, and not Amazon’s. “With Big Tech showing impressive resiliency…

Chipmaker AMD claims that its new laptop chip, the Ryzen 7840U, can outperform Apple’s M2 chip – though it provides no proof of this. The chip is destined to be used in upcoming laptops from Acer, Framework, HP, Lenovo, and Razer. No benchmarks are provided by AMD to support its claims, and there’s no information on battery life, which is another major strength of Apple’s M-series chips … more… The post Ryzen 7840U can beat Apple’s M2 chip, says AMD, but provides no proof appeared first on 9to5Mac.

Wedbush analyst Daniel Ives expects Apple to report strong iPhone revenue when it issues its second-quarter earnings report on Thursday. Ives says that Chinese demand is fueling sales. Apple’s iPhone revenue is expected to be at least in line with expectations, according to Ives. He says that the company is benefiting from strong demand in China, which is its second-largest market. Apple’s earnings report will be closely watched by investors. The company is the world’s most valuable company, and its earnings are a bellwether for the tech industry. Adam Clark for Barron’s: Consensus forecasts are for Apple to report $92.91 billion in revenue for the March quarter with $48.8 billion coming from iPhone sales, according to a FactSet poll of…