Since President Trump’s inauguration, Amazon, Apple, Alphabet, Meta, and Microsoft have lost 22% of their market value, The New York Times reports. That means all the money their CEOs spent courting Trump with donations and dinners has so far been in vain. The president’s reciprocal tariffs have been especially bad for many tech companies, which are reliant on trade with China, where Trump is threatening tariffs totaling 104%, doubling the import price of Chinese goods.
The New York Times is the latest news organization to cite Apple sources who think the company’s hardware chief, John Ternus, will be the one to fill CEO Tim Cook’s shoes. Citing people close to Apple, the publication reports that Cook is “tired and would like to reduce his workload” and that 50-year-old Ternus is the most likely to take his place, as the company accelerates its succession planning.
The Times is in good company. Both the Financial Times and Bloomberg have previously said Ternus is the top pick to succeed Cook at the helm of the tech giant, and Ternus is currently enjoying the top spot on prediction markets. His market-implied odds of being the next CEO are currently above 60% on both Polymarket and Kalshi event contracts.
The Times is in good company. Both the Financial Times and Bloomberg have previously said Ternus is the top pick to succeed Cook at the helm of the tech giant, and Ternus is currently enjoying the top spot on prediction markets. His market-implied odds of being the next CEO are currently above 60% on both Polymarket and Kalshi event contracts.
Nvidia’s latest autonomous tech may help traditional automakers close the distance to manufacturing driverless cars, but not to Tesla, a research note from Morgan Stanley contends. Analyst Andrew Percoco argued that while Nvidia’s tech stack offers a “capital efficient on ramp to advanced autonomy,” that still leaves automakers stuck in a “faster follower strategy.”
According to the analyst, “Tesla is years ahead of competitors when it comes to autonomy with a clear data and scale advantage.” The comment is similar to something Tesla CEO Elon Musk said in the wake of Nvidia’s announcements:
“This is maybe a competitive pressure on Tesla in 5 or 6 years, but probably longer,” Musk posted on X.
You’re right.
— Elon Musk (@elonmusk) January 6, 2026
The actual time from when FSD sort of works to where it is much safer than a human is several years.
The legacy car companies won’t design the cameras and AI computers into their cars at scale until several years after that.
So this is maybe a competitive…
