All the market-moving Wall Street chatter from Monday

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All the market-moving Wall Street chatter from Monday

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as NT headwinds could include modest China market share loss to Huawei devices, macro impact on consumer demand and FX. Potential key drivers of iPhone demand in C2H include emerging markets (EM) and upgrades to support early Gen AI features,” analyst Krish Sankar said. Sankar thinks iPhone sales will remain robust over the long-term and is a main driver of his

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on the stock, as he expects annual handset replacement demand of roughly 220 million. The analyst noted that Apple’s forthcoming artificial intelligence suite could be a key catalyst for supporting iPhone replacement demand moving forward. Apple has added more than 13% in 2024. The company will report fiscal third-quarter results on Thursday after the close. AAPL YTD mountain AAPL year to date —Brian Evans 5:49 a.m.: Akamai Technologies gets an upgrade from Guggenheim It’s time for investors to scoop up shares of Akamai Technologies , according to Guggenheim. The firm upgraded the cloud security company to buy from neutral. It also implemented a $128 price target on the stock, which implies upside of 32% from Friday’s close. “We believe the company can leverage its leadership [content delivery network] position to deliver Security and Cloud solutions that will not only provide incremental value in themselves, but will also increase the value of AKAM’s leading CDN business,” analyst John DiFucci wrote. “We believe that CDN technology is foundational to both Security and Cloud, which should improve characteristics such as ****** retention, price stability, and therefore, the value of the aggregate total business,” he added. Akamai shares have lost more than 18% this year. In the premarket Monday, they rose 2%. AKAM YTD mountain AKAM year to date — Fred Imbert

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