Apple closed Friday at 356.27, its highest close ever. Nvidia fell another 2% that same day, closing at 162.85.
Seeing those two side by side, I stared at them for quite a while.
People have been complaining for ages that Apple is behind on AI and has no story. And now? The AI leader is down more than 30% from its 52-week high of 243, its market cap has fallen back below $4 trillion, while Apple is above $5 trillion—about $1.2 trillion ahead of Nvidia.
The money hasn’t left US stocks; it just doesn’t want beta anymore. PPI is up 6.5% year over year, a December rate hike is mostly priced in, and the 10-year yield is still hovering above 5.1%. In times like these, people want steady cash flow, aggressive buybacks, and companies that don’t have to explain their capex to the market every day. Apple fits the bill. LLY and Visa were up Friday too—same kind of trade.
BTC, on the other hand, is in an awkward spot.
At 67.2K, with a total market cap of $1.35 trillion, it’s only about a quarter the size of Apple 🫠 People have called it digital gold for years, but when it’s really time to seek safety, the money goes to iPhones.
It’s trading more like a high-beta tech stock now, following Nvidia’s lead, not Apple’s.
If Nvidia’s earnings next Tuesday hold up, this seesaw could swing the other way. If they don’t, I really don’t dare count on 70K.
#美股 #苹果 #BTC
$AAPL $NVDA $BTC
Seeing those two side by side, I stared at them for quite a while.
People have been complaining for ages that Apple is behind on AI and has no story. And now? The AI leader is down more than 30% from its 52-week high of 243, its market cap has fallen back below $4 trillion, while Apple is above $5 trillion—about $1.2 trillion ahead of Nvidia.
The money hasn’t left US stocks; it just doesn’t want beta anymore. PPI is up 6.5% year over year, a December rate hike is mostly priced in, and the 10-year yield is still hovering above 5.1%. In times like these, people want steady cash flow, aggressive buybacks, and companies that don’t have to explain their capex to the market every day. Apple fits the bill. LLY and Visa were up Friday too—same kind of trade.
BTC, on the other hand, is in an awkward spot.
At 67.2K, with a total market cap of $1.35 trillion, it’s only about a quarter the size of Apple 🫠 People have called it digital gold for years, but when it’s really time to seek safety, the money goes to iPhones.
It’s trading more like a high-beta tech stock now, following Nvidia’s lead, not Apple’s.
If Nvidia’s earnings next Tuesday hold up, this seesaw could swing the other way. If they don’t, I really don’t dare count on 70K.
#美股 #苹果 #BTC
$AAPL $NVDA $BTC