Apple raised about $7.5 billion in a seven-part U.S.-dollar bond sale on November 5, a term sheet seen by Reuters showed. Peak investor orders reached about $31 billion, according to people familiar with the matter, and proceeds will fund general corporate uses including share buybacks.
Apple has raised about $7.5 billion from a seven-part U.S.-dollar bond offering.
Investors placed about $31 billion of orders at the peak, or more than four times the offering.
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Apple shares slid about 2% after the company forecast a gross margin of 45% to 46% for the December quarter, below analyst estimates, citing higher memory costs and Siri AI expenses. A decline would be the third straight quarter of lower margins, despite stronger-than-expected revenue and iPhone results.
AP says another wipeout for AI data-center stocks more than erased Wednesday's gains, which were Wall Street's best in three months. The S&P 500 closed down 4.4%, the Dow 1,833 points (3.4%), and the Nasdaq 5.5%. Nvidia fell about 9.2%, AMD about 17%, and CoreWeave about 9.8%. Democratic midterm wins raised the possibility of data-center construction pauses — a fear, not an enacted moratorium. AP called it the S&P's worst drop since the April 2025 Liberation Day tariffs.
Richard Heart's detention in Istanbul preceded a roughly $246 million drop in HEX's market cap, Ledger unveiled its $849 Atom wallet, and Starknet put a post-quantum layer-1 move to a vote, per Cointelegraph's weekly digest.
According to CNBC's Morning Squawk, stocks fell Wednesday on worries over AI-related debt loads, and September CPI came in hotter than expected, marking the 66th straight month above the Fed's 2% target. Chip stocks extended losses in Thursday premarket trading.
Apple has cut some engineers' daily AI spending caps from $300 to $200 and is considering $100, Bloomberg reports. Many non-engineering groups already sit at $100 a day, with some teams eyed for $25, while some senior executives are exempt and Apple declined to comment.
