ARM Confirms Stargate AI Position, SWKS Plummets on AAPL Concerns

Skyworks (SWKS) is under pressure after pointing to intense competition for Apple's (AAPL) iPhone business. SWKS CFO says the company expects product sales to decline by 20-25%. Meanwhile, Arm Holdings (ARM) CEO noted the company's role in the OpenAI & Oracle (ORCL) led project Stargate AI. Kevin Green walks through the latest tech earnings to begin the day.

Morning Movers

06 Feb 2025

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