Nvidia fell for six straight weeks, with its market cap dropping below $4 trillion. In that same week, Apple quietly hit a new all-time high.
Apple closed Friday at $356.27, up 0.39%. It touched $360.83 intraday, setting records for both its closing and intraday prices. Its market cap was about $5.16 trillion, roughly $1.2 trillion ahead of Nvidia's. When Apple first touched its record of $359.37 on Thursday, Costco and Johnson & Johnson were also hitting 52-week highs—the money wasn't leaving, just finding somewhere else to hide.
The logic behind this rotation is simple: as the AI bill keeps getting bigger, investors are first seeking out places with stable cash flows. Apple's fourth-quarter revenue was $114.477 billion, up 11.7% year over year, and earnings per share were $2.10, marking four consecutive quarters of double-digit growth. For fiscal 2026, the company posted revenue of $478.834 billion and net income of $132.175 billion—its best year ever on both counts. The company that sells phones has somehow delivered the stability of a shovel seller.
A new variable is entering the picture at the top: Tim Cook will step down at the end of August, and John Ternus will take over as CEO on September 1. Just two months into the job, he rolled out three new products—the first foldable iPhone Duo, a touchscreen MacBook Pro, and the Apple HomeView smart home device. The foldable costs $700 more than the most expensive iPhone. It won't go on sale until late October, so sales haven't made it into the financial reports yet, but the story has already pushed the stock to a new high.
But there's no smooth road beyond the new high. Rising memory chip prices are eating into profits, and the company itself expects product gross margins of 45% to 46% in the December quarter, marking a third consecutive quarterly decline. The revamped Siri and AI strategy have yet to deliver an answer that convinces the market. Wall Street's average price target is $347.11—actually below the current price—and a P/E ratio of around 39 is hardly cheap.
Watch two things: whether the stock can hold above the $360 mark at Monday's open, and Nvidia's third-quarter earnings report on Tuesday. If Nvidia beats expectations, will the money that just moved into Apple move back out again? In a rotational market, today's safe haven may be tomorrow's jumping-off point.
#苹果 #MagnificentSevenStocks
$AAPL $NVDA $QQQ
Apple closed Friday at $356.27, up 0.39%. It touched $360.83 intraday, setting records for both its closing and intraday prices. Its market cap was about $5.16 trillion, roughly $1.2 trillion ahead of Nvidia's. When Apple first touched its record of $359.37 on Thursday, Costco and Johnson & Johnson were also hitting 52-week highs—the money wasn't leaving, just finding somewhere else to hide.
The logic behind this rotation is simple: as the AI bill keeps getting bigger, investors are first seeking out places with stable cash flows. Apple's fourth-quarter revenue was $114.477 billion, up 11.7% year over year, and earnings per share were $2.10, marking four consecutive quarters of double-digit growth. For fiscal 2026, the company posted revenue of $478.834 billion and net income of $132.175 billion—its best year ever on both counts. The company that sells phones has somehow delivered the stability of a shovel seller.
A new variable is entering the picture at the top: Tim Cook will step down at the end of August, and John Ternus will take over as CEO on September 1. Just two months into the job, he rolled out three new products—the first foldable iPhone Duo, a touchscreen MacBook Pro, and the Apple HomeView smart home device. The foldable costs $700 more than the most expensive iPhone. It won't go on sale until late October, so sales haven't made it into the financial reports yet, but the story has already pushed the stock to a new high.
But there's no smooth road beyond the new high. Rising memory chip prices are eating into profits, and the company itself expects product gross margins of 45% to 46% in the December quarter, marking a third consecutive quarterly decline. The revamped Siri and AI strategy have yet to deliver an answer that convinces the market. Wall Street's average price target is $347.11—actually below the current price—and a P/E ratio of around 39 is hardly cheap.
Watch two things: whether the stock can hold above the $360 mark at Monday's open, and Nvidia's third-quarter earnings report on Tuesday. If Nvidia beats expectations, will the money that just moved into Apple move back out again? In a rotational market, today's safe haven may be tomorrow's jumping-off point.
#苹果 #MagnificentSevenStocks
$AAPL $NVDA $QQQ