So $Apple(AAPL)$ took a slide after Cook announced he will be resigning. I believe the next earnings will show positive results, but will be interested to see if the impact of this leadership change will offset the good news.
I believe that there has been and will continue to be success for the iphone 17 series. But I am curious if aapl still has the hunger and the innovative power to churn out tech that might fizzle out, but shows their proverbial muscles. If they lose sight of what makes them great, by either focusing on trying to create their own AI functionalities (it is concerning that they allowed SIRI to slowly decay and fall backwards as a phone assistant), or tunnel vision fully on their phones because it brings most of their success, then this transition of leadership might mark the death of a behemoth.
The CEO transition should add wind to their sales, but it seems like the new guy is meant to bring them onwards in the AI era, but I hope he isn't just another flunky who blindly believes in the slop producing power. It is actually fine to focus on your brand's bread and butter, and not doing it in-house (just like aapl tried and failed), and instead outsourcing it to someone (which aapl did, collaborating with google's gemini). After all, making tough calls is what a leader is there for, and if he doesn't lie to himself, the AI bubble is here and it will eventually pop, so not feeding into the blind frenzy will help protect your brand's value.
Just sounds like OpenAI paying Oracle for AI infrastructure build up, then cancelling it because orcl can't keep up and does not have the money. (Oracle... the famed software company, now a builder? And resorting to cheating their investors to gather more funds. Utter absurdity.) Or openai committing to hynix for huge amounts of dram, amounting to 40% of global supply. Everyone is trying to cash in on the market's insatiable hunger and the big names know that any news will result in more buying. The fact that openai had to shutter sora shows the run is obviously unsustainable, which shocks me that openai isn't pushing to IPO quickly to make the big bucks before the bubble pops... cash in on the brand recognition before it's too late. Again, I pity the bag holders who buy in and refuse
Hahaha, exactly my thoughts when I tapped in, "is this circular trading?", the fact that it is raised in the article is an obvious yes. All these investments, just feel like stunts to keep the AI gold rush going on, further feeding the bubble. The value of AI as we know it, is simply not what is shown on the market, investors are jumping at any and almost every excuse that has to do with AI, best to keep taking profits on the way to the pop, or better yet hedge against it. This pop will be spectacular, I wish it would wipe out Musk, but I believe he has left investors holding on to the figurative bomb and will come out relatively ok [Glance] [Facepalm]
Fun: AI is back as the market's darling with the Iran US war subsiding However things popped up all over with the latest being Iran saying the Hormuz is opened for commercial ships, then reversed course in less than half a day. Supposedly because US has not lifted the Hormuz blockade for Iran's ports. What a topsy turvy rollercoaster ride!
Also, this continuing growth makes me wonder if the market will react negatively to any setbacks between Iran and USA, let's say they really have another meeting and it falls apart, would there be a huge slide or will it just pretend nothing happened? Rumours are going around that USA will be taking military action in Cuba next, would the market have any sense to react accordingly...
Nflx has been on a general uptrend for a few weeks now. I am expecting decent results for earnings, but a slight correction due to the sustained over enthusiasm. Let's see.
I am curious, is the Capital World even a serious play? Or is it a buy now for future gains thing. The price is concerning to say the least. So the US blockading Iran, who is blocking Hormuz... that should have been the play from the start, not a war. But we will be starting on the next rounds of oil prices going up.