Daniel Epstein 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 - '”gets a more accurate budget” If Apple can see how much is personal use, and how much is professional, they may be able establish AI usage tiers for free Apple Intelligence, and when to start charging for professional tiers.'
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 Premarket: Apple is green - 'Nvidia is down ~3% YTD. They gave up all their gains for the year. Market cap now ~4.38T. SpaceX is now below the IPO price. CoreWeave is down ~51% for the last month. Makes me feel pretty smug that Apple is only down ~1.5% for the day and +27% YTD.'
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 Premarket: Apple is green - 'I call it a “Red See” day because all I see across the markets is a sea of red. Personally, I think Apple has held up well following the release of September quarter earnings, December quarter guidance and now today’s selloff. The company is extraordinarily well run, has ample cash reserves and is growing revenue. Apple also has one of the most valuable brand names on the planet. Markets dynamics are always changing while Apple finds new ways to innovate and grow. It’s best to watch Apple at least as much as we watch the market.'
on Premarket: Apple is green - '“The Dow Jones Industrial Average was set for another strong day on Thursday” Spoken perhaps a tad too soon.'
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…'
on Premarket: Apple is green - 'Market was up 1500 points yesterday and as of noon today, it’s down 1400. Go figure! Compared to a few others, we’re not down as much. At 345, we’re at a 5.0 trillion valuation while NVDA has been hammered down to 4.4 trillion.'
on Errol Brandt: Sam Altman says memory is wasted in your Apple devices - 'Apple is and will always be the Lone Wolf as they value a customer’s privacy. Every other Big Tech Company monetizes that personal data for their own purposes and now they want everyone to cede their privacy to them so they can store it all in their own data center clouds. Apple will never go along with that business model and once consumers understand how Apple aggressively protects users privacy as opposed to Altman and these various LLM’s, there will be a backlash similar to what just happened in the midterm elections. Hard to decide who is worse: Altman or Zuckerberg?'
on Mark Gurman: Apple curtails AI use by its engineers - 'In a related story, Bloomberg announced a reduction in the use of intelligence by its journalists, particularly those covering Big Tech. “We find doing actual research is expensive, so it’s much easier to move markets by just making stuff up. Actual analysis is over-rated, so we’ll just go for what brings in the clicks” '
