Mobile

• Apple sales surge 16% on ‘staggering’ iPhone demand - Apple reported fiscal first-quarter earnings on Thursday that surpassed expectations, with revenue soaring 16% on an annual basis.  
• Meta's Mark Zuckerberg gets green light from Wall Street to keep pouring money into AI - Meta's stock pop following the company's latest earnings beat is a sign that investors are OK with hefty AI spending as long as the core business stays strong.
• Meta’s Reality Labs posts $6.02 billion loss in fourth quarter - Meta’s Reality Labs posts $6.02 billion loss in fourth quarter.
• Meta shares rise on stronger-than-expected revenue forecast - Meta reported fourth-quarter earnings on Wednesday and provided stronger-than-expected sales guidance.
• Intel says it will match government's 'Trump Accounts' contribution to kids of employees - The 530A program, often called "Trump Accounts," passed last year as part of the administration's "big beautiful bill."
• Nvidia set to supplant Apple as TSMC's top customer, signaling chip industry's 'changing dynamic' - The positional swap will mark a fundamental shift in the semiconductor industry, reflecting Nvidia's growing importance amid the AI infrastructure buildout.
• Meta's Reality Labs cuts sparked fears of a 'VR winter' - Meta's deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses raised concerns about the future of the industry.
• Nvidia director Persis Drell resigns with $26 million worth of stock after decade on board - Nvidia's board now has 10 directors, including CEO Jensen Huang,
• TikTok forms U.S. joint venture, names a CEO - TikTok said Thursday that it officially formed a joint venture that will keep the video-sharing app operating in the United States.
• Intel stock falls 6% after company offers soft first-quarter guidance - Intel reported fourth-quarter earnings on Thursday that beat Wall Street expectations but offered soft guidance for the current quarter.