Tommy Thornton: Tech Stocks Are In A Bubble
Forward Guidance
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Caution on Market Cap Expansion and Smartphone Upgrades
The risk lies in significant market cap decline due to increased stock prices; Warren Buffett and market analysts are cautious of market cap expansion; Apple's AI initiatives may not yield significant profits as they are not proprietary; Consumer slowdown may affect smartphone upgrades; Apple could have driven a bigger upgrade cycle with a proprietary feature on the new phone; Current upgrades may not be necessary as smartphones are becoming more similar, expensive, and less enticing for consumers.
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