CNBC Daily Open: More people want the new iPhone — and Apple shares

Critics whitethorn sneer astatine the iPhone 17 Pro's fluorescent orangish finish, but Apple's "Cosmic Orange" smartphone seems to beryllium dazzling wherever it counts — successful income and shares.

The newest iPhone 17 series, which includes the basal iPhone 17 and its overachieving Pro and skinny Air siblings — that travel successful colors different than orange, to beryllium wide — has been outselling its predecessor successful the U.S. and China, according to Counterpoint Research. In China, the iPhone Air reportedly sold retired wrong minutes of going connected sale, per the South China Morning Post.

Investors noticed. Shares of Apple popped astir 4% connected the quality and closed astatine an all-time high. That indispensable beryllium invited quality for CEO Tim Cook and investors for a banal that's been trailing its Magnificent 7 peers. That brings Apple's year-to-date gains to astir 5%, compared with Nvidia's 36% and 25% for Meta.

Another subordinate of the Mag 7, however, had a bumpy Monday. Amazon's unreality arm, Amazon Web Services, suffered an outage that took down sites specified arsenic Reddit and Snapchat, plunging millions, including yours truly, into existential crises. Still, Amazon shares managed to ascent astir 1.6%.

U.S. markets besides roseate much broadly, with large indexes ending Monday successful the green. This week, investors volition beryllium keeping their oculus connected the U.S.' commercialized developments with China arsenic good arsenic net reports from companies specified arsenic Netflix, Tesla and Intel — a premix that could marque the adjacent fewer days astir arsenic colorful arsenic Apple's latest phone.

AI acceptable to beryllium a boon for emerging markets — but immoderate investors aren’t convinced

"AI volition alteration everything for emerging markets," said Anton Osika, CEO and co-founder of Swedish startup Lovable, which allows others to make apps and websites via prompting, removing the request for method knowledge. 

However, AI doesn't lick structural challenges faced by emerging markets. That means plentifulness of points of friction inactive exist, specified arsenic section backing availability and assurance that startups volition unafraid revenue, according to Emmet King, managing spouse and co-founder of J12 Ventures, an concern firm.

— Tasmin Lockwood