Big Technology Podcast The Apple Paradox, Trump’s Impact on Markets, NVIDIA Demand — With Dan Ives and Stephanie Link
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Oct 23, 2024 Dan Ives, Managing Director of Equity Research at Wedbush Securities, brings his tech stock expertise, while Stephanie Link, Chief Investment Strategist at Hightower Advisors, offers keen insights on market strategies. They dive into Apple's impressive 42% stock increase, despite mixed news. The duo also analyzes how a potential Trump presidency could shift tech markets, NVIDIA's booming AI chip demand, and Amazon's struggles with culture amidst its vast growth. Catch their take on the evolving tech landscape and investment opportunities!
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Apple's Paradoxical Stock Performance
- Apple's stock performance is paradoxical, rising 42% since April despite mixed reception of new products and slowdowns in China.
- This discrepancy raises questions about market sentiment and the company's true value drivers.
Apple's Underlying Strengths
- Apple's resilience is driven by a large base of users due for upgrades, potential for AI monetization, and a shift towards a services company model.
- Dan Ives believes these factors outweigh negative headlines, suggesting a strong iPhone year ahead.
The Role of Investor Positioning
- Investor positioning played a key role in Apple's stock surge, with many being underweight on the stock in spring.
- Negative sentiment and low expectations created a buying opportunity as the stock rallied.