Squawk on the Street Apple Shines, Pres. Trump-Nvidia CEO Meeting, Vertex CEO on Non-Opioid Painkiller Approval 1/31/25
Jan 31, 2025
Apple's stock shines despite a drop in iPhone sales, thanks to strong services revenue. President Trump is set to meet with Nvidia's CEO, sparking discussions around tariffs and tech. A major breakthrough occurs with Vertex's non-opioid painkiller, a game-changer for pain management amid the opioid crisis. Additionally, the market sees positive trends for S&P and Dow futures, with enterprise software companies thriving. Meanwhile, a midair collision investigation reveals crucial air traffic control challenges.
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Apple's Q1 Results
- Apple's Q1 results show a sales outlook suggesting an iPhone recovery, despite missing sales targets in China.
- Services revenue hit a record high, and the installed user base is a strength.
Apple vs. Nvidia Valuation
- Apple's high multiple, despite lower growth compared to Nvidia, suggests investor confidence in its future potential.
- Jim Cramer believes Apple's service stream could explode, especially in India, and with the upcoming iPhone 17.
Nvidia-Trump Meeting
- Nvidia CEO Jensen Huang will meet with President Trump.
- They will discuss AI policy, U.S. chip restrictions on China, and on-shoring chip production.