BofA raises Apple price target after Trump exempts company from 100% chip tariff

Bank of America Global Research analyst Wamsi Mohan this morning raised the firm’s Apple price target to $250 from $240, after President Trump said yesterday that the company’s investments in US manufacturing exempt it from a 100% chip tariff.

“We believe there is the potential for Apple gaining smartphone market share in the U.S. if competitors are exposed to tariffs while iPhones were to remain exempt,” he wrote.

The stock, which is still down about 12% year to date, is currently trading at about $219 after jumping on the tariff exemption and investment news.

More Tech

See all Tech

Rani Molla27m

Tesla used skewed data in push for European FSD approval, Reuters finds

Tesla has used highly questionable safety stats in an effort to win over European regulators and rekindle sales in the region, according to a Reuters investigation.

Tesla reportedly pitched regulators in Sweden and the Netherlands with claims that its "Full Self-Driving" (FSD) tech is over seven times safer than human drivers. However, independent researchers told Reuters that the stats are misleading because Tesla compares airbag-deployment crashes involving FSD-equipped vehicles with much broader US crash statistics, while also benchmarking newer Teslas against the entire US vehicle fleet, which is significantly older on average.

Despite the flawed metrics, the Dutch regulator approved FSD in April, saying its decision was based on its own “tests, analyses and verifications,” and Tesla is now pushing for EU-wide clearance. A version of FSD is currently available in five European markets.

Exclusive: Tesla presented misleading ‘Full Self-Driving’ safety data to European regulators

Rani Molla6/12/26

Report: Microsoft weighs Xbox spin-off amid major overhaul

Microsoft is reportedly considering spinning out or restructuring its struggling Xbox unit, per The Information. While new Xbox CEO Asha Sharma, who took over in February, is preparing for layoffs, she’s simultaneously planning to boost investment in its biggest franchises like “Halo,” “Fallout,” and “Minecraft.”

The latest potential shake-up comes as the gaming division battles major headwinds, following a massive 33% plunge in Q3 console sales and a recent move to slash Game Pass prices while removing new “Call of Duty” titles.

Microsoft Has Considered Spinning Out Xbox, Plans New ‘Halo,’ ‘Fallout’ Games

Hyunsoo Rim

BOT HIRING

6/12/26

AI was the top reason cited for US job cuts for the third straight month in May

Employers cited AI for nearly 40% of May’s cuts — a share that’s kept climbing since Challenger began tracking it in 2023.

robot carrying sacked mid adult businessman

Anthropic’s Mythos gets tired, hates bad users, and wants to be thanked

Reminder: these models are not people, they don’t think, and when you close the tab, the model isn’t pondering your last interaction.

Jon Keegan6/11/26

Rani Molla

Waymo Money

6/11/26

Alphabet’s Waymo is getting into the subscription — and Uber’s — business

Waymo is hoping its new membership tier will lock in customers and get them to spend more.

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.