CNBC's "Fast Money" Apple Nears $4T Market Cap… And Netflix’s NFL Double Feature Follow Through 12/26/24
12 snips
Dec 26, 2024 David Wu, CEO of David Wu Unbound and former foreign exchange executive, joins to dissect Apple’s near $4 trillion market cap. The conversation reveals insights on Apple’s stronghold in the tech sector, its AI advancements, and investment strategies. Wu also delves into the impact of the U.S. dollar on global markets, coupled with Netflix's innovative NFL double feature, which reshapes its streaming strategy. The podcast wraps up with a look at consumer spending trends amid economic pressures and the retail sector's resilience.
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Apple's $4 Trillion Milestone
- Apple's market cap nears $4 trillion after a 34% climb in 2024.
- This milestone raises questions about its future growth potential.
Caution on Apple's Stock
- Approach Apple's stock with caution in the short term.
- The stock's recent gains and high expectations present a challenge.
Apple's Valuation
- Apple's valuation seems high considering its growth compared to other tech giants.
- Its services business and cash generation are strengths, but AI's impact on iPhone sales is uncertain.