Gregg Thurman on Daniel Ives: Tech sell-off way overdone - 'John what’s the monthly cost of your solar system?'
on Daniel Ives: Tech sell-off way overdone - '@Greg We have so much solar on the roof that this year the electric company paid me at the end of the year. Not much, about $550, but first time the utility company ever paid me. I was stunned.'
on Daniel Ives: Tech sell-off way overdone - 'The tech sell-off is only overdone if you think the capex and debt financials behind the AI datacenter and LLM-base AI buildout will return positive ROIs, profits and cash flows. They won’t.'
on Daniel Ives: Tech sell-off way overdone - 'More gigawattage powered by methane gas turbines. Lovely!'
on Daniel Ives: Tech sell-off way overdone - 'This kind of quantitative prediction is dicey in the best of circumstances. It’s particularly dicey at this moment, so soon after an electoral wave that was shockingly blue. In Texas at least, new people in government have not yet decided how much they can and should do, having never in their wildest dreams expected to have gained so much power all at once.'
on Premarket: Apple is green - 'I just posted this in the AAPL Independent Analysts group on LinkedIn. I’ll share it here: Looking at the overall market’s performance today I can understand investor bewilderment after Wednesday’s big gains in prices followed by today’s big selloff across sectors. The DJIA fell 3.44%, the tech-heavy NASDAQ Composite dropped 5.52% and the S&P 500 retreated 4.36% on the day. In today’s trading Apple gave back $5.34 or 1.53% from yesterday’s all-time closing high of $349.51. Apple, which reported earnings on Monday, continues to keep the confidence of several Wall Street analysts. For example, CFRA is maintaining its Buy recommendation on the shares and its $380 price target following results. With today’s price drop Apple ended the session right at the $5 trillion market cap marker.'
on Premarket: Apple is green - 'Gregg my remark was referring to Raj’s “Turbo spike to 360 today?” question as I was expressing skepticism that Apple would spike even further than it had done earlier in the day. Apple stock gave up its record high of 355.38 and with the day low of 342.06 it only finished down 1.53 % at 344.17.from its opening of 353.89. So not terrible but the range was bigger than the close implies. Considering how much momentum Apple had from the day before I could say a bit of a pullback would be expected. The major market sell off magnitude didn’t leave Apple stock unscathed and likely delayed any run to 360 for at least the weekend.'
on Mark Gurman: Apple curtails AI use by its engineers - 'Speaking of EEE Times, this came out last month with an interesting insight into misleading accounting by the hyperscalers: The AI Boom Has a Gigawatt Accounting Problem This caught my attention: “This does not mean the underlying demand is artificial. It does mean that the roles of supplier, customer, investor, and financier are becoming increasingly difficult to separate.” Everybody is investing so when multiple companies talk about so much GW of capacity from datacenters, they are often talking about the same datacenters, not separate ones. But Wall Street continues to act like they are all different. Circular financing for circular control of the same facilities.'
on Mark Gurman: Apple curtails AI use by its engineers - 'All in all an interesting look into how much AI tokens can end up costing. Even if the numbers we are kicking around are not accurate, I do think they can give a feel for the costs. And even charging these fees ($4m a day) the AI companies are still burning dumpsters full of cash.'
on Premarket: Apple is green - 'When something really big goes down, it pulls everything around it with it. But some things will eventually bob to the surface. In Apple’s case, that 71 M volume and relatively small pullback is saying that Apple longs are in exactly the right place at the right time. Still, we’ve got about 26 months before things really turn around. I’d advise keeping that seat belt buckled….'
on Premarket: Apple is green - 'Don’t forget Not lighting cash on fire for potential speculative future gains on frontier models.'
on Mark Gurman: Apple curtails AI use by its engineers - 'Ordinary users like myself experience AI as free, or with a small monthly fee, nearly so. I’ve no idea how much tokens are costing corporations. This is what Errol Brandt has been saying, i.e. that there will be a backlash by companies on account the expense, not to mention the privacy issues. This is a great opportunity for Apple to sell a lot of Macs to businesses, enabling much of their AI needs to be covered on-device, while not “leaving the premises.”'
on Mark Gurman: Apple curtails AI use by its engineers - 'Don, I forgot to annualize the data. Thanks for picking up on my mistake. That can be some real money then. I am guessing that what Richard said in a later post is true as well that this is being done to get a better handle on how things need to be budgeted.'
on Mark Gurman: Apple curtails AI use by its engineers - 'Gurman = grains of salt. I’d bet that the policy change, $300 to $200, applies generically. No doubt some engineers such as chip designers, testing, and software can make the case to spend more, maybe much more.'
on Errol Brandt: Sam Altman says memory is wasted in your Apple devices - 'You meant Altman, Zuckerberg, or Musk right? Poor Elon may be busy right now looking for another state to move to…'
