CNBC's "Fast Money" Apple Nears New Highs… And The Second Half Playbook 7/1/24
Jul 1, 2024
Apple's stock nearing record highs due to China iPhone rebound. Analysts discuss recovery in the mainland. Insights on hedging for the second half after a strong first half. Tesla's stock performance, market volatility, and investment hedging strategies. Amazon Web Services CEO interview on customer migration to the cloud and nuclear energy initiatives.
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Apple's China Recovery
- Apple's record close driven by bullish China iPhone data, but broader recovery questioned.
- Mixed demand, heavy discounting, and market share loss to Huawei raise concerns.
Apple's AI Opportunity
- Apple's AI opportunity hinges on US upgrade cycle, unlike China's focus.
- Heavy discounting in China may impact margins, and the stock's recent surge could signal full valuation.
Apple's Valuation
- Apple's valuation hinges on its hardware vs. services revenue mix.
- The monetization of AI remains unclear, with no clear charging model yet.