Enid Bertha
05-01

$Apple(AAPL)$ Apple approved a massive $100 billion share buyback authorization. This move is on top of their existing efforts to return capital to shareholders and signals strong confidence from management. It follows Buffett's philosophy of reducing share count, which decreases the P/E and increases the stock price without tax costs to investors. That's why AAPL will continue to be a good long-term holding.

Market Crashes, Price in Rate Hikes? When to Start Picking up Chips?
US chip companies lost roughly $1.3 trillion in market cap in one day. The crash is essentially "crowded AI hardware trade + interest rate repricing + overstretched semiconductor expectations." Friday's non-farm payrolls delivered another blow: 172,000 new jobs added in May, clearly beating expectations, unemployment rate holding at 4.3%, hourly wages up 3.4%yoy. Rate-cut expectations back down. On top of this, the SpaceX IPO will siphon off hundreds of billions in liquidity. With this crash, will you panic and head for the exit, or treat it as a chance to get on board?
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