Punters on the prediction platform Polymarket still expect Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) to end July as the world's most valuable company, even after a wobble that briefly cost it the crown. Traders put the chipmaker's chances at 70%, well ahead of Apple Inc (NASDAQ:AAPL, XETRA:APC) on 29%, with Alphabet Inc (NASDAQ:GOOG), Tesla Inc (NASDAQ:TSLA) and the rest of big tech trailing at less than 2% each.
Apple will report its Q3 on Thursday, July 30. Ahead of the release, shares are trading at new highs and at a forward multiple of just under 40x earnings. The company also just regained its throne as the world's largest from Nvidia.
I keep hitting the buy button on Apple (NASDAQ:AAPL | AAPL Price Prediction) because I have finally found a mega-cap AI story where I do not have to underwrite a $400 billion data center bill to believe in the upside.
Apple's federal trade secret lawsuit against OpenAI centers on allegations that the AI company stole confidential files.
Apple Inc (NASDAQ:AAPL, XETRA:APC) is expected to beat consensus estimates for its fiscal third quarter, according to Bank of America, even as the bank takes a more conservative view of iPhone seasonality tied to a staggered launch schedule. BofA said investor focus will center on component cost inflation, the durability of gross margins, and the transition following the end of Tim Cook's tenure as CEO.
Major indexes, off more losses on Friday, are all down month to date thus far.
I keep buying Apple (NASDAQ:AAPL | AAPL Price Prediction), and the more I read about what its Magnificent Seven peers are spending on AI, the harder my conviction gets.
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Apple Inc. (AAPL) surged 5% this week on multiple catalysts, including regulatory and AI developments. AAPL's inclusion atop China's approved AI services list signals regulatory favor and strategic positioning in the Chinese market. Integration of Alibaba's Qwen AI model into Apple Intelligence across iOS, iPadOS, macOS, and visionOS enhances AAPL's AI capabilities in China.
That matters because high expectations raise the bar for what counts as "good enough"—a company can beat last year's numbers and still disappoint the market if it doesn't beat this year's inflated bar.
Apple stock (NASDAQ: AAPL) has become Wall Street's latest test of whether the artificial intelligence trade is moving beyond data-centre builders and towards businesses capable of selling AI to consumers. The iPhone maker briefly overtook Nvidia as the world's most valuable company, reaching about $4.88 trillion as Nvidia fell 3.5%.
Apple recently filed a trade secrets lawsuit against OpenAI, accusing the AI company of a pattern of misconduct aimed at getting current and former Apple employees to share confidential information. (In response, OpenAI said it is “not aware of any evidence that this complaint has merit.