Bloomberg Talks Gene Munster Talks Mag Seven Earnings
Aug 1, 2025
Gene Munster, Managing Partner at Deepwater Asset Management, shares his keen insights on the recent earnings from the Mag 7 tech giants. He discusses Apple's impressive revenue growth despite a tepid stock response and delves into the challenges it faces in the AI race. The conversation shifts to Amazon, analyzing its mixed earnings results and the critical impact of operating income. Munster highlights the massive capital investments tech firms are making, particularly Amazon's, and their implications for future market dynamics and opportunities.
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Episode notes
Apple's Growth vs. Market Skepticism
- Apple's best quarter and strongest guidance in over three years didn't lead to a bigger stock price rise.
- This reflects a disconnect fueled by worries over tariffs, regulations, and AI impact fears.
AI's Limited Impact on Consumer Tech
- Apple's perceived lag in AI is due to lacking flashy AI features but it hasn't changed consumer behavior substantially.
- The company's strong iPhone sales prove customers find no better alternatives despite the AI narrative.
Apple Must Innovate Hardware
- Apple needs to continue innovating with new product designs, like an upcoming slimmer iPhone.
- They are likely to compete with future AI-powered devices hinted by Johnny Ive's new projects.