Gregg Thurman on Premarket: Apple is red - '”Meanwhile, Apple closed down $4.28 or 1.23%” Today’s trading among the AI darlings went like this today: AMZN -3.44% GOOG -4.10% META -9.53% MSFT -8.23% NVDA -9.72% ORCL -8.89% The NAZ 100 fell 2.86%. Today’s market collapse was clearly an AI implosion. Firms like AMZN, MSFT and GOOG, with real Company’s behind them will weather this storm. AAPL is not an AI play in the sense most are. It does not have data exposure. What it does have is a growing recognition of its on-device, localized AI strategy, with a very wide (insurmountable?) moat. Those with a need for localized AI are going to be attracted to Apple’s networked Mac Mini and Mac Studio, all others will be attracted to Apple Intelligence. Did I mention that prices for tokens are falling, just when they need to firm up.'
on Evercore expects Apple to beat its conservative guidance - 'The clearest sign of market confidence on all the AI hyperscaling and compute leasing: spiking CDS prices! LOL'
on Premarket: Apple is red - 'I’m looking through the carnage on the Street from today’s pull down in prices. Meanwhile, Apple closed down $4.28 or 1.23% today to finish the week at $344.63. Apple remains up year-to-date 26.77% and up 27.01% over the most recent six months. The shares are off 0.89% over the past five days.'
on Premarket: Apple is red - 'Bill, it sounds like you are wired a lot like me. I consistently time my retreats to safety well – but I have never once bought back in at a good time. Consequently, I am standing pat in the face of what feels like a high probability of being on the brink of a crash… oh well hopefully I live long enough to profit from the recovery!'
on Evercore expects Apple to beat its conservative guidance - 'Yikes! I blame it on this 80-year-old brain…. Thanks, Charles! And apologies, Horace!'
on Evercore expects Apple to beat its conservative guidance - 'With all due respect to Horace…it’s Dediu, not Deidu.'
on Evercore expects Apple to beat its conservative guidance - 'One interesting point about the AI bubble — credit fault swaps have increased a lot for all the main players, suggesting lots of people are worried about an inability to pay back debt, so they are hedging against that. Meanwhile, Apple’s CDS are 5-10 x times cheaper, signifying that the markets do not think Apple will have as hard a time over the next 5 years.'
on Evercore expects Apple to beat its conservative guidance - 'Upvoted for your shout out re unified memory. Apple’s silicon makes the memory in their device MORE valuable relative to others. Together with Apple’s upgrade financing and carrier financing, memory upgrades cost dimes/day.'
on Apple secretly buys an agent - 'So now even Apple has a secret agent. 🙂 Might help with their trade secrets trial. 🙂'
on Premarket: Apple is red - 'Moments like these make or break your investments’ progress. Good luck!'
on BofA: Record (and lenient) carrier trade-ins are a tailwind for Apple - 'They are buying the phones at a discounted rate from Apple and reselling them at full price. They recoup that $$$ easily over the cost of the contract.'
on Evercore expects Apple to beat its conservative guidance - '@Bill Presumably as higher revenue is announced Monday then the P/E will come down a little.'
on Premarket: Apple is red - 'Upvoted Bill. I think you have chosen wisely. I have also moved some of my investments to cash for the reasons you have stated but not as boldly as you. I share your fear of things not going well at the midterms. I only hope I am wrong.'
on Evercore expects Apple to beat its conservative guidance - 'With a PE of around 40 as well as tech coming down from the heavens, I am hoping that Apple can keep its present gains and not give back too much. The numbers from Evercore look real nice and hopefully, Apple can meet and surpass them. No matter what, there may be some profit taking, especially right before Election Day. Some people may want to lock in profits. Edit-I will be very happy to be wrong though.'
