Apple filed to raise new debt, becoming the latest in a flood of companies in recent weeks to borrow money. The tech giant filed a prospectus to sell bonds of varying maturities, although the amount it wants to sell and the potential interest rates are still undetermined. Presumably the money raised will refinance the $10 billion of debt that comes due this year, and possibly other debt that...
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Google’s Standoff with AI Chip 'Shark' Broadcom
Jim Cramer, CNBC’s “Mad Money” host, took a swipe at our report today that Google has set an internal goal to break from Broadcom, its supplier of artificial intelligence chips. Cramer called the story “patently false” on X. Cramer, who has been particularly bullish on Broadcom lately, is often criticized for dispensing bad advice—for example, telling his viewers earlier this year to buy shares...
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