Broadcom Rises, Amazon Gains, Apple Slumps on Report of Foldable iPhone Engineering Snags
On this episode of Stock Movers: - Broadcom (AVGO) shares rose on Tuesday after the chipmaker announced a long-term agreement with Google to develop and supply Tensor Processing Units. - Amazon (AMZN) shares gain after the company reached a new agreement with the US Postal Service, providing a lifeline to the agency and securing delivery for customers in rural America. Amazon will retain about 80% of its existing deliveries with USPS, or more than 1 billion packages per year, according to a person familiar with the matter. - Apple (AAPL) shares slump after Nikkei Asia reported that the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.