Apple chief executive Tim Cook confirmed plans to raise product prices to combat surging costs for memory and storage components. The company is currently preparing for a September launch of the iPhone 18 lineup, which is expected to debut a foldable device. Meanwhile, Accenture is committing $4 billion to industrial cybersecurity, acquiring a majority stake in Dragos alongside two additional security firms to protect critical physical infrastructure.

Intel shares saw a notable boost after President Trump announced that Apple would collaborate with the chip maker on domestic design and production efforts, providing a critical vote of confidence in Intel’s ongoing turnaround. Simultaneously, Nvidia is aggressively expanding its European footprint, aiming to diversify its revenue beyond the U.S. hyperscalers that currently dominate its order books.