Intel will look to spin-off Mobileye for big money. Here's why.
Shares of Apple (NASDAQ: AAPL) rose 3.5% to a record closing price of $171.18 on Tuesday, after an analyst placed a price target on the stock that represents a new high among Wall Street's estimates. Morgan Stanley analyst Katy Huberty now sees Apple's shares rising to $200, up from a previous forecast of $164. Huberty sees Apple's share price rising as traders seek out high-quality companies that are thought to be safer investments, now that volatility has returned to the financial markets.
(Bloomberg) -- Meta Platforms Inc. is restructuring its internal research department, bringing dozens of employees previously working on product specific teams or business units, like WhatsApp or Instagram, into a central group to handle research for the entire company. Most Read from BloombergThe World’s Relentless Demand for Chips Turns Deadly in MalaysiaSand and Soldiers Mix as Troops Move In to Protect Cancun TouristsEven in the Metaverse, Not All Identities Are Created EqualThe $300 Billion