That’s all folks.
and more characters
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And today another high, closing at 243.01…
A blurb from Barron’s sorts it out a bit…
###### iPhone Maker’s Stock Continues to Climb Despite Skeptics
Apple shares are rising despite lukewarm enthusiasm for its iPhone 16 and its promised artificial intelligence features. The stock hit another 52-week high, gaining in six of the past seven trading sessions. It’s boosted by its status in the Magnificent Seven, as are shares of Meta Platforms, which hit a record high.
** Apple has held its place as the world’s biggest company by market value, at $3.668 trillion, according to Dow Jones Market Data, with the stock up 26% this year. Shares are rallying despite reports that iPhone sales lag competitors, and consumers appear underwhelmed by the AI features.*
** Wedbush senior equity analyst Dan Ives says Apple’s prospects are better than the recent skepticism suggests, telling Barron’s that the Street is starting to realize the iPhone 16 is the start to a supercycle of sales and that China sales look robust, “sending the bears into hibernation.”*
** Separately, Apple’s Benoit Dupin, director of machine learning and AI, said the company is using Amazon Web Services’ custom AI chips for search and other services and is considering using its latest AI chip to pre-train models like Apple Intelligence, CNBC reported.*
** Shares of Meta, the parent of Instagram and Facebook, have been rallying since Nov. 18, and are up nearly 8% since CEO Mark Zuckerberg dined with President-elect Donald Trump on Nov 27. The surge in tech stocks has helped lift the S&P 500 and Nasdaq to new records.*
What’s Next: Ives, who rates Apple shares Outperform with a $300 price target, expects iPhone 16 sales to usher in an AI-driven iPhone supercycle that will break iPhone’s annual sales record, spur 90 million users to upgrade their iPhones, and help Apple reach a $4 trillion market value in 2025.
—Janet H. Cho and Adam Levine
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Thanks for the link and the summary.
It sounds like a bunch of different people are positing a bunch of different and squishy reasons for AAPL’s recent performance. No one seems to be figuring in the Trump tariffs into the future of Apple.
Well, we’ll have to wait it out, see whether any of the tariffs actually come to pass, hoping that some of the more sensible can limit the damage… Likely it will dump the overall market if it actually happens… Mind bending it came to this possibility… There will be ripples, waves… Need a lifejacket, I guess…
And today, 12/9/24 we see another APPL jump…
246.75 +3.91 (+1.61%) At close: 4:00:01 PM EST
Market Cap (intraday) 3.73T
and 247.24 +0.49 (+0.20%) After hours: 7:59:57 PM EST
Still awaiting OS/iOS/AI updates, should happen this week…
Irrational Exuberance??
We’re either in a “Santa Clause Rally” or a “Trump Bump”. Hopefully Trump is more concerned with market appearances than with keeping any of his more insane promises: mass deportations, massive tariffs, repealing the CHIPS act, etc.
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And today, Friday, 1220/24, yet another jump…
254.49 +4.70 +(1.88%) At close: 4:00:03 PM EST
255.35. +0.86 +(0.34%) After hours: 7:59:59 PM EST
Market Cap (intraday) - 3.847T
Volume 125,429,724
We had a dip earlier, this recovery followed… Volume was way up, yet up it came… Interesting…
Where to next??
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$300 here we come! Trump, please don’t eff things up!
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