CNBC's "Fast Money" Apple’s Momentum Keeps Building… And AI In Focus In Sun Valley 7/10/24
Jul 10, 2024
Apple's stock surge and analysts' positive outlook, AI's impact at Sun Valley conference, Alcoa's acquisition of Illumina, payment sector analysis, stock evaluation discussions, anticipation of June CPI report, market updates, silver market optimism, and retirement savings variations among age groups.
AI Snips
Chapters
Transcript
Episode notes
Apple and AI Laggards
- Consider Apple's continued comeback and other AI laggards.
- Should investors bet on Apple despite trailing behind AI giants?
Apple's Valuation
- Apple's stock is expensive at 32 times earnings, with expected EPS and revenue growth around 7-8%.
- The buyback is positive but doesn't justify chasing the stock at these levels, according to Guy Adami.
WWDC Impact
- Apple's stock sold off after the Worldwide Developers Conference.
- Excitement around AI features boosting iPhone upgrades lacks proof, says Dan Nathan.