Ted Kluger on Jerry Doyle: The Street's Bull Case Is Converging Toward $400 - 'So we all agree that AAPL won’t languish at $315 for the rest of eternity? Pardon the snark, but Jerry’s gotten plenty of attention lately. Moving right along . . .'
on Jerry Doyle: The Street's Bull Case Is Converging Toward $400 - 'Best thing I did wrt Apple was tell my mother how exciting it was for Steve Jobs to come back. She bought $1000 in 1997 (and some more over the years). They were a large part of my parent’s retirement funds until they died. My brother and I got those shares when she died, forming a large portion of our retirement funds. I expect my son will get them when I die. Multigenerational wealth because of Apple.'
on Jerry Doyle: The Street's Bull Case Is Converging Toward $400 - 'Jerry forgot the original $400 target issuer Dan Ives. He beat everyone to the punch by months. Go Dan. Oh, I owe everyone an apology. I’ve been referring to Apple/Broadcom ASIC initiative as Baltric. If you tried to search that name, like me you came up with nothing. The actual nomenclature is Baltra. There’s tons on the ‘net about Baltra, the function of which is to improve wireless networking speeds and improve the supply chain. After all I’ve read on it, Baltra is coing to eliminate much of the wireless latency, and improve battery life for anything it is installed in, which is just everything Apple manufactures. So not only is Apple’s CPUs , GPUs and radios faster than competing silicon, but so to will be its networking silicon (and less expensive too). This will be especially important for the Mac mini and Mac Studio as AI servers.'
on Jerry Doyle: The Street's Bull Case Is Converging Toward $400 - '‘ I appreciate Doyle’s contributions so much more when he’s not wearing his red hat.’ I think many of us (3.0 readers) are able to look past the hat colors to glean the Apple wisdom of many posters; albeit sometimes it takes more than a little effort. So I too appreciate when posters leave their political hat behind, even while discussing the effects of politics on Apple.'
on Barron's: Nvidia's PE today is reminiscent of Apple's 20 years ago - 'I see a forward PE of 24 for NVDA, vs 33 for Apple. It would seem NVDA has a lot of room to run. Hard to believe how much $$ is sloshing around out there.'
on Jerry Doyle: The Street's Bull Case Is Converging Toward $400 - 'Jerry’s $3,500 investment in Apple initiated for his daughter back when Steve Jobs returned to run Apple keeps going higher year after year. Geaux Jerry.'
on Thesis: AI hardware grows exponentially in two dimensions. Apple devices in only one. - '“AI hardware demand, by contrast, comes from the exponential growth of tokens.” Anything new has a so-called “exponential growth” phase. The smartphone had a so-called “exponential growth” phase that started with the iPhone. Same with the automobile. No big deal. And now, the secure and private AI’s exponential growth phase is starting up. And Apple has religiously created the underpinnings for exactly that for a quite a while….'
on For Mark Gurman, the foldable iPhone is a dream come true - 'If it’s even half decent it’ll be immense.'
on Rotating out of Apple - 'I’d also like to know what proportion of Nvidia servers on order are being fully or substantially financed by Nvidia, directly and via SPVs.'
on Thesis: AI hardware grows exponentially in two dimensions. Apple devices in only one. - 'I wouldn’t sit still for that! 🙂 Nor for the author’s use of “exponential” growth. I don’t think you can have that in a limited population. I can’t speak knowledgeably, but my gut tells me there’s something wrong with their “analysis”. Especially considering it’s on X.'
on Thesis: AI hardware grows exponentially in two dimensions. Apple devices in only one. - '“derivative of the sigmoid” I had that once. It took a semi-complicated out-patient procedure to remove.'
on Thesis: AI hardware grows exponentially in two dimensions. Apple devices in only one. - 'This thesis is like the Field of Dreams: “If you build it, they will come.” But consumers won’t pay for all those cloudy tokens. They haven’t been. They won’t. For the relative handful who want to rent AI on that level, Apple will take its fair cut. And for businesses and a few individuals, Apple will sell the hardware to facilitate rolling your own. For a while longer, the idea of cloud-based “growth in two dimensions” will be good for Nvidia, which claims revenue and profit from server sales that it generously finances with that same revenue, creating this weird circular house-of-cards situation. But fundamentally it’s a faith-based effort now, with the few big players sitting in a quiet room holding their collective breath to avoid causing the whole jury-rigged business to come tumbling down. Meanwhile, their acolytes go out into the world pumping the genius of it all with ideas like “growth in two dimensions.” It’s so beautiful! Like the tulips that drove the Dutch golden age, but only for a little while.'
on Premarket: Apple is green - 'Apple is up pre-market $1.02 at $315.60. Index futures are mixed two hours out from today’s opening bell. NVIDIA is off 0.56% at $226.70 following yesterday’s 8.74% gain. Adobe is maintaining yesterday’s 5.73% advance pre-market and is trading up at $290.10. Apple supplier Broadcom, which rose 4.94% on Thursday is also holding its gains pre-market. The shares are up $0.50 at $372.04 ahead of the opening bell. Let’s see how Friday plays out with attention now focused on Jackson Hole…'
on Rotating out of Apple - '@Greg, I’m sure if you check with Siri you’ll get a very concise report /s'
on Rotating out of Apple - 'fighting over .. internet search ad revenue And so far, no one has come up with an alternate way to pay for AI ‘tokens’ or otherwise pay back that gigabuck investments in AI facilities. Eventually, if there is a true value proposition (and I suspect there is), someone will figure this out. And Apple will be able to capitalize on it, adapt to it, or ‘tax it’ by connecting users to background AI.'
