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Get Ready for April's Epic Stock Market Correction – Exclusive Dan Niles Insights!

Lead-Lag Live

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The Multiples of Apple, Microsoft, and Amazon

I think each company, the story is so different. Apple has had this wonderful multiple expansion, but it's trading at 26 times. The Chinese aren't buying as much stuff as I thought they would coming out of lockdown. Amazon doesn't make money on their retail business; that's not where they make their money. Google will have to return search using some of this generative AI and chat GPT. That's going to put pressure on their margins going forward.

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