Gene Munster News

Apple Inc.’s iPhone debuts have historically been a sell-the-news event for the stock, but the weeks following often provide an even better opportunity to buy the dip. Over the past five years, September has been the worst month of the year for Apple, with the shares averaging a decline of 4.5%, compared with a drop of 3.2% for the S&P 500. At the same time, October has been among the best, with an average gain for Apple of 3.8% over the same period. “If you’re a long-time holder and you see this as becoming a consumer staple company, these pullbacks are opportunities,” said Gene Munster, managing partner and co-founder of Deepwater Asset Management. Image While the stock has usually risen in the months ahead of the event, this year’s lead up has been troubled.

U.S. chipmaker Nvidia's auto segment revenue more than doubled in the latest quarter to a record high on strong demand for driver-assist software.

Tesla chief financial officer Zachary Kirkhorn stepped down after 13 years at the electric vehicle maker, a surprise shake-up that raises new questions about succession in the top ranks of Elon Musk’s company.

Elon Musk is making a calculated bet: sacrifice margins now for better ones later when full self-driving software is completely integrated into Tesla cars. It's a plan that could intensify the electric-vehicle price war. Shares of the automaker fell 4% before the bell on Thursday after Musk signaled no end in sight for price cuts that have already sent gross margins to a four-year low.

Elon Musk's elusive goal of creating self-driving software is driving the Tesla CEO to prioritize sales over profits, a strategy that could deepen a price war — and investor concern. Shares of the automaker fell 3.5% in premarket trading on Thursday after Musk signaled there might not be any let-up in cuts that have already sent gross margins to a four-year low. «The short-term variances in gross margin and profitability really are minor relative to the long-term picture.

Tesla shares jumped 6% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk's plan of boosting volumes through discounts was working. The leading U.S. manufacturer of electric vehicles was set to increase its market capitalization by around $50 billion to $900 billion, based on early trading in its shares.