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Apple's self-developed Wi-Fi and Bluetooth chips are also coming, codenamed Proxima.
Starting next year, Apple will use its self-developed Bluetooth and Wi-Fi Connection Chip, replacing some components currently supplied by Broadcom. This transformation is unrelated to Apple's highly anticipated Qualcomm cellular modem transition, but the two parts will ultimately work together.
Is Broadcom about to lose a big order? It is reported that Apple will switch to self-developed Wi-Fi chips for iPhone and home products starting next year.
Media reports that Apple plans to use its self-developed chip combining Wi-Fi and Bluetooth for the new iPhone, Apple TV, and HomePod mini next year, and for iPads and Macs in 2026. One-fifth of Broadcom's fiscal year revenue comes from Apple, making it the largest supplier of Apple's Wi-Fi/Bluetooth chips. After the news broke, Broadcom's stock price hit a daily low, falling nearly 4%.
Express News | Wedbush: Apple is about to enter a "super cycle", with iPhone shipments expected to exceed 0.24 billion units next year.
Tenstorrent, in collaboration with modern-supported BOS, has launched the auto AI Chip "Eagle-N" to challenge industry giants.
Tenstorrent, in collaboration with BOS Semiconductors supported by Hyundai Autos, has launched an AI chip specifically designed for in-vehicle infotainment systems and autonomous driving.
Dan Ives Predicts Apple To Ship Record 240 Million IPhones In 2025, Sparking 'Multi-Year Supercycle' As AI Integration Drives Growth
CNBC Daily Open: Inflation's Hot, but so Are Markets This Year
Express News | Institutions: In Q3 2024, Apple's iPhone shipment volume increased by 5%.
Futu Morning News | The Central Economic Work Conference has set the tone! Next year, the fiscal deficit rate needs to be increased; Broadcom soared over 15% after hours! Q4 profit exceeded expectations.
Inflation unexpectedly accelerates! In November, the USA PPI month-on-month growth rate reached the highest increase since June; AI transformation faces challenges! Adobe's performance forecast fell short of expectations, dropping more than 13% after the earnings report.
Express News | Apple is reportedly collaborating with Broadcom to develop AI Chips, and Taiwan Semiconductor's advanced processes will welcome another L.
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Top 20 by transaction volume | Performance guidance fell short of expectations, Adobe dropped nearly 14%; MicroStrategy fell over 4%.
On Thursday, the top stock by trading volume in the U.S. market was Tesla, which closed down 1.57% with a trading volume of 36.778 billion USD; the second was NVIDIA, which closed down 1.41% with a trading volume of 21.623 billion USD; the eleventh was UnitedHealth Group, which closed down 3.33% with a trading volume of 4.899 billion USD.
Broadcom's earnings exceeded expectations, driven by sales growth from AI.
Apple and other large Technology companies' chip supplier Broadcom reported better-than-expected earnings for the fourth quarter, boosted by demand for AI. The company stated in a release on Thursday that its EPS, excluding certain items, was $1.42. Revenue rose to nearly $14.1 billion. Compilation data shows that the Analysts' previous average forecast was an EPS of $1.39 and revenue of $14.1 billion. Broadcom expects sales for the first quarter ending in January to reach $14.6 billion, in line with Analysts' expectations. Broadcom's Earnings Reports show that demand for AI computing is offsetting slowdowns in other areas. Broadcom collaborates with NVIDIA.
U.S. stock market close: The Nasdaq has fallen from historic Top Reversal, while the Dow has declined for the sixth consecutive day.
① The Nasdaq China Golden Dragon Index rose by 0.18%, with China Concept Stocks showing mixed performance; ② Google is collaborating with Samsung to develop a headset device, with the first product expected to be launched next year; ③ Apple is reportedly set to start producing a key wireless chip currently supplied by Broadcom next year; ④ Adobe fell nearly 14%, as the company's full-year performance guidance was below expectations.
Express News | Broadcom: The company is committed to a continuous partnership with Apple for several years.
Apple's iPhone and home devices are close to replacing Broadcom's supply with self-developed wireless chips.
According to Bloomberg on December 13, the Apple self-developed wireless chip will be launched in new products to be released in 2025. This plan is independent from Apple's highly anticipated plan to replace Qualcomm's wireless modem, but the two parts will ultimately work together. The chips for Apple's iPhone and home wireless devices are close to switching from Broadcom supply to self-developed products. The internal code for Apple's self-developed wireless chip is Proxima, which will be launched for iPad and Mac in 2026. Like Apple's other self-developed chips, Proxima will be produced by partner Taiwan Semiconductor.
Apple Options Spot-On: On December 12th, 733.79K Contracts Were Traded, With 6.38 Million Open Interest
On December 12th ET, $Apple(AAPL.US)$ had active options trading, with a total trading volume of 733.79K options for the day, of which put options accounted for 45.17% of the total transactions, and
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