Apple's Second Downgrade, Mobileye Prompts Chip Stock Rout

04/01/2024 42 min
Apple's Second Downgrade, Mobileye Prompts Chip Stock Rout

Listen "Apple's Second Downgrade, Mobileye Prompts Chip Stock Rout"

Episode Synopsis

Bloomberg's Caroline Hyde and Ed Ludlow break down Apple's second downgrade in a week as analysts caution on slowing iPhone demand. Plus, Mobileye plunges as its full-year revenue forecast falls short of Wall Street estimates, and new data painting a bleak picture for Silicon Valley. See omnystudio.com/listener for privacy information.