BusinessFinanceTechnology

Apple Stock Surges Toward $4 Trillion Valuation on Strong iPhone 17 Demand and AI Optimism

Apple shares hit record highs as Wall Street analysts upgrade ratings and price targets. The resurgence follows strong iPhone 17 sales data and anticipation around the company’s artificial intelligence roadmap, positioning Apple to join the exclusive $4 trillion market cap club.

Apple’s Remarkable Resurgence

After lagging behind other technology giants for much of the year, Apple Inc. has mounted an impressive comeback, with its stock performance now outpacing several Magnificent Seven peers, according to market analysis. The iPhone maker’s shares have gained approximately 7% over the past month, surpassing the performance of other megacap stocks including Nvidia, Meta Platforms, and Amazon during the same period. This resurgence has positioned Apple on the verge of reaching a historic $4 trillion market capitalization, a milestone currently shared only by Nvidia.

CloudSecurityTechnology

Major AWS Disruption Cripples Global Internet Services for Hours

Amazon Web Services experienced a massive outage Monday that knocked out major platforms including Alexa, Ring, and financial services. The disruption, originating from DNS problems in Northern Virginia, affected millions of users globally and highlighted critical dependencies on cloud infrastructure.

Global Internet Services Paralyzed by AWS Outage

A massive disruption to Amazon Web Services (AWS) early Monday reportedly brought down significant portions of the internet, affecting everything from smart home devices to financial platforms and streaming services. According to reports, the outage began around 12:11 a.m. ET and persisted for over 18 hours before major services were restored, though some downstream issues reportedly continued throughout the day.