Tech Stock Roundup: iPhones, A.I., Self-Driving Cars and More

Last week was an exciting one with some rumors about Apple's AAPL iPhone manufacturing in the U.S., Cisco's CSCO earnings report, Intel's INTC first AI Day plus lots more. In June this year, Apple requested its iPhone assemblers Pegatron and Foxconn to evaluate the feasibility of making the devices in the U.S. While Pegatron refused outright on cost considerations, Foxconn has decided to do the job. The study is likely to show that the cost increase, skill mismatch and supply chain problems (the supply chain is largely in Asia) would make this cost prohibitive. This would raise iPhone prices for consumers/squeeze Apple's margins.