Craig-Hallum analyst Anthony Stoss says that recent iFixit teardown confirms Cirrus Logic's (CRUS) Adaptive Noise Cancelation, or ANC, is not in the new Apple (AAPL) AirPods 2. The analyst believes shares of Cirrus Logic have risen 30%-plus since hitting their low in the beginning of January on investor belief that it was in the AirPods 2. The low power codec looks very similar to the previously used Maxim Integrated (MXIM) codec, which leads the analyst to believe Apple is likely using Maxim Integrated again. Stoss believes that given the rally in shares and historically high PE, Cirrus Logic's shares will likely selloff as investors figure out their assumptions were incorrect. He reiterates a Hold rating and a $38 price target on Cirrus Logic stock.

Alphabet (GOOGL), the parent company of Google, is scheduled to report first quarter 2024 results after the market close on Thursday, April 25, with a conference call scheduled for 4:30 pm Eastern Time. What to watch... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Apple saw sales of its iPhones fall 19.1% in the first three months of the year, CNBC's Ryan Browne reports, citing data from Counterpoint Research. Meanwhile, Huawei saw a 69.7% surge in smartphone sales in the country during the same period, Counterpoint said. Reference Link