CNBC's "Fast Money" Highlights From Apple’s Worldwide Developers’ Conference… And A Warner Bros. Discovery Spinoff 6/9/25
Jun 9, 2025
Apple's Worldwide Developers Conference raised eyebrows with its lackluster AI announcements and concerns about its competitive edge. The hosts discuss how U.S.-China trade relations might affect Apple's strategy. Meanwhile, Tesla faces tough competition and declining sales, particularly in China. The conversation shifts to Warner Bros. Discovery's significant corporate split and its impact on the media landscape. Additionally, discussions highlight consumer pressure on McDonald's and competition in the fast-food industry amid broader market changes.
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Apple's WWDC: Minor AI Reveal
- Apple's WWDC showed minor AI features and a new design called Liquid Glass but lacked groundbreaking innovation.
- The key focus is on providing developers access to Apple's AI models to strengthen its services ecosystem.
Apple's AI Compared to OpenAI
- Apple's current AI efforts appear underwhelming compared to competitors like OpenAI.
- The lack of exciting new products challenges Apple's ability to reignite an iPhone upgrade cycle.
Apple's Weak Technical Chart
- Apple's chart shows poor relative strength and momentum, with performance peaking nearly three years ago.
- Technical indicators suggest the stock is struggling and lacks investor enthusiasm.