Rodney Avilla on If AI is a bubble, where does that leave Apple? - '“ is it really more savvy to be renting a dependency on the very companies you say can’t survive?” Yes, as long as it’s not a long term binding lease.'
on Horace Dediu has a cool new way to preview Apple earnings - 'Somehow I have to really concentrate to understand the charts and the underlying information so not sure I would call it “cool”. Useful information for sure.'
on Dan Niles on Apple AI: 'Sometimes you get lucky for being incompetent' - 'The unfortunate things about these programs is that their guests usually have an agenda that they want to get across and they aren’t held accountable for the statements that they make. It would be nice if there was a real back and forth with the guests answering real questions about their opinion from the past as well as the present. It would probably make for fewer guests appearing on these shows which is probably the reason why they don’t do it. As for negative opinions, when I am in the right mood, I don’t mind seeing them. It helps me look at my investments and see if there are issues I haven’t taken into account. I dislike the echo chamber. Probably the place where most of the mistakes get made.'
on AI funding is giving Jim Cramer dot-com deja vu - 'We still have about $7 trillion sloshing around our money supply since the pandemic. That money is mostly sitting in the hands of rent-seeking investors – ie private equity, banks, investment firms, and even insurance companies – who have to put their money into something. They can’t be conservative when everyone else is making money by this circular investing. FOMO is likely driving their investments more than critical reasoning. If it were not the AI bubble, it would likely be something else. They have to put the money somewhere. The Fed could do something monetarily about this, but I think those measures would be politically untenable. Congress could do something fiscally about this, but I think those measures would be politically untenable. It seems to me that the main way the money will be removed is a collapse of the bubble and an economic crisis. As it usually is when investors get nuts.'
on Apple says Micron's profit margins are too high - 'Bloody hell Bart, this is 5 analysts’ support jobs going down the tubes.'
on If AI is a bubble, where does that leave Apple? - 'Where does that leave Apple? https://www.youtube.com/watch?v=FnH_zwVmiuE (AWB “Pick Up the Pieces”)'
on AI funding is giving Jim Cramer dot-com deja vu - 'Reminds me of a ‘60s dance craze! Take a step forward, look back over your shoulder and shake your body. Let’s all do the Dot Com Deja Vu! 🙂'
on If AI is a bubble, where does that leave Apple? - 'I’m not sure where this idea comes from: “It was a mass-radicalization of its users against AI”'
on Dan Niles on Apple AI: 'Sometimes you get lucky for being incompetent' - 'He’s on my shortlist of people I’d like to punch in the face. It’s a shame Apple has missed out on all that lucrative AI revenue open AI, etc are raking in. SMH'
on Premarket: Apple is green - 'Will the fate of hyperscalers be like that of Old Valyria? And for today, investors selling off chipmakers for … 🙂'
on Dan Niles on Apple AI: 'Sometimes you get lucky for being incompetent' - 'So CNBC (in the interest of being “fair and balanced”) trots out Mr (I got rich by betting against ) Niles every time Apple starts to move higher for longer. I’m not impressed by the commentary as it’s typically something along the lines of Apple is up but it doesn’t deserve to be. Rinse and repeat. What actual value does Mr Niles bring to the table? His Zoom backgrounds change from time to time but that’s about the only thing different when he comes on to talk about Apple. ¯\_(ツ)_/¯'
on Dan Niles on Apple AI: 'Sometimes you get lucky for being incompetent' - 'Let’s all pause and think about the time when Sam Altman said publicly that he had no idea how OpenAI would make money from AI, but that when they achieved AGI they’d simply ask the model how to make it profitable and do whatever it says. I guess maybe that’s Dan Niles’ preferred corporate strategy and approach to AI as an actual business and investment.'
on Apple touches $339.57, closes at a record $336.91 and overtakes Nvidia - 'I’m sure there will be creeps out there that will use AVP inappropriately, in the same way that Apple Tags are sometimes used inappropriately. But given Apple’s commitment to privacy I’m confident they are considering ways to mitigate inappropriate use and avoid dumb design choices.'
on CNBC talking heads talk about Apple's new highs - 'Dan Nathan has never uttered a complimentary word about Apple anytime I heard him on a broadcast. But I fell out of my chair when the “Chartist”, Carter Worth(less), said several superlatives about Apple including: “Stay Long, Be Long.”'
on Dan Niles on Apple AI: 'Sometimes you get lucky for being incompetent' - 'Niles is simply gaslighting us for why he’s been so wrong about AAPL for at least the last 6 years.'
