Halftime Report Live from Apple Park at WWDC 6/9/25
10 snips
Jun 9, 2025 
Scott Wapner welcomes a star-studded panel live from Apple Park, featuring Steve Kovac, CNBC's tech reporter, who dissects Apple's AI ambitions and stock performance. Stephanie Link shares her latest portfolio moves while discussing the tech market's volatility. Alex Kantiewicz analyzes competitive dynamics within the tech industry, and Joe Terranova examines the impact of AI trends on investment strategies. The team anticipates the revelations of WWDC, raising questions about Apple's future amidst fierce competition.
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Apple's AI Strategy Challenges
- Apple has faced delays and skepticism around its AI strategy after missing major AI milestones announced last year.
- Partnerships and developer tools are now critical for Apple to regain credibility and compete effectively in AI.
Apple Stock Underperformance
- Apple stock has underperformed its major tech peers significantly in 2025, declining about 18% year-to-date.
- Despite this, Apple's strong balance sheet and shareholder-friendly management keep it a core holding for many.
Apple's Growth vs. Valuation Dilemma
- Apple currently trades at a premium valuation but lacks the revenue growth typical of growth stocks.
- It behaves more like a value stock, driven by its ecosystem, services, and capital returns to shareholders.