Elevation Point Wealth Partners LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 82.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,784 shares of the iPhone maker's stock after selling 578,042 shares during the quarter. Apple comprises approximately 2.1...
Elevation Point Wealth Partners LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 82.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,784 shares of the iPhone maker's stock after selling 578,042 shares during the quarter. Apple comprises approximately 2.1% of Elevation Point Wealth Partners LLC's investment portfolio, making the stock its 4th largest holding. Elevation Point Wealth Partners LLC's holdings in Apple were worth $30,501,000 as of its most recent SEC filing. Get Apple alerts: Sign Up Other hedge funds and other institutional investors have also recently modified their holdings of the company. First National Bank of Hutchinson raised its holdings in shares of Apple by 24.6% in the fourth quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker's stock worth $8,845,000 after buying an additional 6,982 shares during the last quarter. Eagle Capital Management LLC lifted its stake in shares of Apple by 0.5% during the fourth quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker's stock worth $13,544,000 after buying an additional 272 shares during the period. Brighton Jones LLC grew its holdings in shares of Apple by 14.8% during the fourth quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker's stock valued at $134,554,000 after buying an additional 69,207 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Apple by 4.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker's stock valued at $16,742,000 after buying an additional 2,695 shares during the last quarter. Finally, Highview Capital Management LLC DE increased its position in shares of Apple by 2.4% in the 4th quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker's stoc...
Few trends have had as much influence on the stock market over the last few years as artificial intelligence (AI). Fears of generative AI-powered solutions displacing established enterprise software providers have led to a massive sell-off in SaaS stocks. Meanwhile, investors fear the big capital expenditure budgets of the U.S. hyperscalers may be excessive and weigh on cash flow and earnings. One...
Few trends have had as much influence on the stock market over the last few years as artificial intelligence (AI). Fears of generative AI-powered solutions displacing established enterprise software providers have led to a massive sell-off in SaaS stocks. Meanwhile, investors fear the big capital expenditure budgets of the U.S. hyperscalers may be excessive and weigh on cash flow and earnings. One company finds itself at the center of both fears: Microsoft (MSFT 1.57%). But the strength of both its software business and the positioning of its cloud business should give long-term investors confidence in the stock. In fact, it's practically a no-brainer buy at its current price of around $400 per share. The two-headed AI monster Microsoft is benefiting from the growing demand for AI products and services in two ways. First, its cloud computing platform, Azure, is seeing massive growth in its AI services. Its Foundry platform, which enables customers to build and deploy AI agents, saw 80% growth in customers spending $1 million per quarter in its second quarter. All told, Azure revenue grew 39% last quarter. But that growth could have been even higher. Microsoft was forced to allocate some compute capacity it could've sold to developers for its own AI development and services. Indeed, demand for compute continues to outstrip Microsoft's ability to expand its capacity. Management spent $37.5 billion on capital expenditures last quarter, mostly on building data centers and outfitting them with servers. It expects a slight drop in spending this quarter due to timing, but that should ramp up again later in the year. Microsoft has a lot of confidence in its spending plans, given its massive backlog of $625 billion in remaining performance obligations. $250 billion of that comes from a new deal inked with OpenAI last quarter, but RPO would've climbed 28% without the contract from the large language model developer. That figure also notably includes contracts for its Microsof...
Key Points Growing fears of overspending and AI displacing enterprise software companies have increased uncertainty in the market. This AI leader has seen phenomenal growth across its business segments thanks to artificial intelligence. The stock now trades at a great value, and the business remains well-positioned for growth. 10 stocks we like better than Microsoft › Few trends have had as much i...
Key Points Growing fears of overspending and AI displacing enterprise software companies have increased uncertainty in the market. This AI leader has seen phenomenal growth across its business segments thanks to artificial intelligence. The stock now trades at a great value, and the business remains well-positioned for growth. 10 stocks we like better than Microsoft › Few trends have had as much influence on the stock market over the last few years as artificial intelligence (AI). Fears of generative AI-powered solutions displacing established enterprise software providers have led to a massive sell-off in SaaS stocks. Meanwhile, investors fear the big capital expenditure budgets of the U.S. hyperscalers may be excessive and weigh on cash flow and earnings. One company finds itself at the center of both fears: Microsoft (NASDAQ: MSFT). But the strength of both its software business and the positioning of its cloud business should give long-term investors confidence in the stock. In fact, it's practically a no-brainer buy at its current price of around $400 per share. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The two-headed AI monster Microsoft is benefiting from the growing demand for AI products and services in two ways. First, its cloud computing platform, Azure, is seeing massive growth in its AI services. Its Foundry platform, which enables customers to build and deploy AI agents, saw 80% growth in customers spending $1 million per quarter in its second quarter. All told, Azure revenue grew 39% last quarter. But that growth could have been even higher. Microsoft was forced to allocate some compute capacity it could've sold to developers for its own AI development and services. Indeed, demand for compute continues to outstrip Microsoft's ability to expand its capacity. Management spent $3...
JHVEPhoto/iStock Editorial via Getty Images Shares of Schlumberger ( SLB N.V.) ( SLB ) have seen some momentum in recent weeks but continue to struggle along on a long-term basis. All this comes, of course, amidst the turmoil in the Middle East, the invasion in Venezuela, and the industry consolidating there. Schlumberger has been an active participant in the latter, having closed on its previousl...
JHVEPhoto/iStock Editorial via Getty Images Shares of Schlumberger ( SLB N.V.) ( SLB ) have seen some momentum in recent weeks but continue to struggle along on a long-term basis. All this comes, of course, amidst the turmoil in the Middle East, the invasion in Venezuela, and the industry consolidating there. Schlumberger has been an active participant in the latter, having closed on its previously announced purchase of ChampionX last year. A full-year contribution from this transaction sets the company up for growth in 2026. While the current turmoil will create a near-term hit to the results, it provides for long-term drivers later this year and beyond. This creates a very interesting setup amidst a modest re-rating observed. Tough Times In January, SLB announced a 2% fall in 2025 sales to $35.7 billion, that number looking better than it is, as it includes a roughly $1.5 billion contribution from the acquired ChampionX activities, with revenues otherwise down 6%. Production systems revenues rose 12% to $13.3 billion, as this growth and a 9% increase in digital sales to $2.7 billion could not offset declines at a notable near-$12 billion well construction segment and a near-$7 billion reservoir characterization business. All this weighed a bit on profitability, although the $8.5 billion EBITDA number was still pretty sizable at nearly a quarter of sales. Falling sales and modest margin pressure made adjusted earnings per share fall by $0.50 to $2.93 per share. GAAP earnings of $2.35 per share were adjusted for some items, as the realistic earnings numbers probably are somewhere in between. Net debt is reported at $7.4 billion, for a leverage ratio well below 1 times. That seems low given the large acquisition of ChampionX; however, the company did see some 6% dilution in the share count to 1.51 billion shares. This came as the all-stock deal involved about 9% of SLB's shares being issued to former investors in ChampionX. Needless to say, some growth was naturally ...
U.S. memory giant Micron Technology has officially completed its acquisition of the Tongluo P5 fabrication site in Miaoli County, Taiwan, from Powerchip Semiconductor Manufacturing Corp (PSMC). In a move to capitalize on the explosive growth of artificial intelligence, Micron also announced plans to build a second manufacturing facility at the same site. Key Details of the Expansion The acquisitio...
U.S. memory giant Micron Technology has officially completed its acquisition of the Tongluo P5 fabrication site in Miaoli County, Taiwan, from Powerchip Semiconductor Manufacturing Corp (PSMC). In a move to capitalize on the explosive growth of artificial intelligence, Micron also announced plans to build a second manufacturing facility at the same site. Key Details of the Expansion The acquisition, valued at $1.8 billion, provides Micron with an existing 300,000-square-foot cleanroom. While the company has already begun retrofitting this space, it plans to double down on the location by constructing a second, similarly scaled facility of approximately 270,000 square feet. Strategic Focus: The new site will serve as an extension of Micron’s “mega campus” in Taichung. It is designed to boost production of leading-edge DRAM and High Bandwidth Memory (HBM) , both of which are critical components for AI servers and high-performance computing. Timeline: Construction for the second facility is slated to begin by the end of fiscal year 2026 . Output Goals: Micron expects the retrofitted P5 facility to begin meaningful product shipments by fiscal 2028. Why It Matters This expansion reinforces Taiwan’s status as Micron’s global “DRAM Center of Excellence.” Despite global efforts to diversify the semiconductor supply chain—including Micron’s own $100 billion “megafab” project in New York—Taiwan remains central to the company’s strategy. The proximity of the Tongluo site to existing infrastructure allows for significant operational synergies and a faster “time-to-market” compared to building entirely new greenfield sites. As AI demand continues to outpace supply, this moves positions Micron to better compete with rivals like Samsung and SK Hynix in the high-stakes HBM market.