• Apple shares dropped nearly 3% after analysts noted slower-than-expected demand for the iPhone 16 Pro, possibly due to delayed AI feature rollout.

• In 2022, Intel lost a major contract to design and manufacture Sony’s PlayStation 6 chip to AMD and TSMC, impacting Intel’s contract manufacturing ambitions significantly.

• Nvidia's 140% stock surge, driven by its AI chips, has contributed to a quarter of the S&P 500's 17% gain, raising concerns about market vulnerability if Nvidia falters.

• CACI International announced plans to acquire Azure Summit Technology, a radar and communications equipment maker, for $1.28 billion in cash, with the deal closing in fiscal 2025's second quarter.

• A U.S. appeals court questioned TikTok and ByteDance's lawyer in a lawsuit challenging a potential ban of the app, which could affect 170 million Americans by January 19.

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