Squawk on the Street SOTS 2nd Hour: Apple’s AI Investment, Doge Demand Pushback, Largest Crypto Heist Ever 2/24/25
Feb 24, 2025
Dan Niles, founder and portfolio manager of Niles Investment Management, shares insights on NVIDIA's upcoming earnings and the AI market's dynamics. He analyzes Apple's bold $500 billion investment in U.S. AI infrastructure, exploring potential growth strategies. The discussion also addresses the unexpected pushback against DOGE demand linked to Elon Musk's new job requirements for government workers. Additionally, Niles touches on the staggering $1.5 billion crypto heist, highlighting its implications for the digital asset landscape.
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Transcript
Episode notes
Market Jitters
- Markets are jittery due to concerns about the economy and stubbornly sticky inflation.
- The impact of tariffs on the economy and consumer demand is a major debate.
Market Analysis
- Consider market anxieties regarding growth trajectory and defensive turns.
- Be cautious of retail flow and speculative stocks after a period of high activity.
Apple's AI Investment
- Apple's $500 billion investment and job creation is potentially a repackaging of previous commitments.
- Their infrastructure strategy differs from hyperscalers due to their focus on on-device AI.