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1、 $Apple (AAPL.US)$ The stock price rose by 1.61%, reaching a new high, with an annual increase of nearly 29%.
On Monday, US stocks closed with Apple rising by 1.61%, its stock price reaching $246.75, a new historical high, with a total market value of $3.73 trillion. Apple announced that its online store will launch in Saudi Arabia in the summer of 2025. This online store will allow customers in the country to order the full range of Apple products directly from the company. In addition, according to the latest revelations from well-known Technology journalist Mark Gurman, Apple is preparing to launch one of its most ambitious projects — replacing the long-time partner Qualcomm's products with its self-developed cellular modem chips.
2. Morgan Stanley suddenly turns bullish! "American Forum"$Reddit (RDDT.US)$ The stock price has reached a new high, having increased by over 390% since its listing in March.
Reddit closed up 2.71% at $167.17, having risen over 390% since the stock debuted on the US market at a price of $34 per share in March. Morgan Stanley raised Reddit's rating to 'Shareholding' and increased the target price from $70 to $200. According to a FactSet survey, Reddit currently has an average Analyst rating of 'Shareholding' with an average target price of $131.50. This adjustment by Morgan Stanley reflects confidence in Reddit's potential for future growth. Reddit operates a Global social platform that allows users to create and Share content, form Communities, and leverage AI technology to help advertisers enhance their ad effectiveness.
On December 9, Reddit launched an AI question-and-answer feature called Reddit Answers, aimed at helping users quickly find answers based on Reddit posts, reducing reliance on Google, and increasing user searches and content access on the platform. Initial testing will be conducted with US users, followed by expansion to broader regions.
3. Reports say it will be $Mondelez International (MDLZ.US)$ acquired by the American chocolate producer $Hershey (HSY.US)$ Rising by over 10%.
The USA chocolate producer Hershey closed up over 10%, reporting $193.65, a new high since October 2023. According to Bloomberg, Mondelez International is exploring the acquisition of Hershey, which would create a company with combined sales close to $50 billion. Mondelez has initiated preliminary discussions regarding the Trade. Neither Mondelez nor Hershey immediately responded to this.
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Editor/rice