Bloomberg's Caroline Hyde and Ed Ludlow break down Apple's second downgrade in a week as analysts caution on slowing iPhone demand. Plus, Mobileye plunges as its full-year revenue forecast falls short of Wall Street estimates, and new data painting a bleak picture for Silicon Valley.

Markets Brace for Microsoft and Meta Earnings
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AI Trade Stumbles as Chip Stocks Slide
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AI Industry’s Circular Financing Deals, Apple Smart Glasses
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