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The U.S. government has warned Apple against purchasing memory chips from Chinese companies, according to Commerce Secretary Howard Lutnick. This pressure comes amid an AI-driven supply crunch, pushing device makers like Apple to consider Chinese chip suppliers. The U.S. administration is also encouraging Apple to shift its supply chains towards domestic manufacturing to reduce reliance on China.
Representative Shri Thanedar of Michigan's 13th congressional district recently sold shares in Apple Inc. and MicroStrategy Inc. The transactions, valued between $100,001-$250,000 for Apple and $15,001-$50,000 for MicroStrategy, were disclosed as part of his investment strategy and are mandated by the STOCK Act for transparency. Apple is noted as being overvalued according to InvestingPro data, despite strong revenue growth.
