Apple Inc (AAPL)

Of all the Mag 7's, this one has to buy parts and assemble phones. iPhone improvements have been fewer and fewer over time. Behind on AI. Will remain a great company, just got overvalued. Making moves to turn things around. Upside from here, but he wouldn't buy this over Mag 7 peers. See his Top Picks.

It's been moving up the last 5 days and has momentum. But the fundamentals remain flat--flat revenues and earnings. He prefers companies that have great fundamentals and are truly undervalued.

Recently sold it from his fund, but this morning bought it for himself because of positioning and momentum. You must buy this today. Revenue growth has flattened though, and Apple's weighting in the market is a problem because Apple is so large. A lot of people, on this news, will now buy this stock. Also, since early April, the stock has been resilient.

Tom Cook and Jensen Huang have to be diplomats now to deal with Trump and his tariffs, or they will have a China problem. Apple is trying to stay out of the ire of Trump. The street has been negative on Apple, asking what they're doing in AI, but the street hasn't changed its price targets.

Half of their sales remain the iPhone, and people are changing that iPhone less often. They're struggling with VR. Also, they're not a cheap stock. Until the last quarter, revenue growth has been flat. They're lagging in AI, a huge question mark.

Is the only Mag 7 stock he doesn't own, because it is the only name with negative performance in 1-, 6- and 12-month time frames. He no longer owns it.

Now that tariffs are getting resolved, you could take a look at this name for potential growth going forward. iPhone brand will continue to do well. Expects it to fully catch up on its AI offering. Lots of cash on hand. Money spent on now-cancelled EVs can be diverted to R&D in AI. 

Is wavering about his call on this to own it, not trade it. Is expecting a non-exciting report and a slowdown in the growth in services revenue. Will they still receive $20 billion from Google to make Google Apple's default search engine, something a judge wants to end. Also, Epic is fighting Apple's policy to take a 30% cut from any transaction from any app downloaded from the Apple strore.

Valuation multiple's too high. Hardware is more of a risk. He can get similar growth elsewhere. Not sure they're at the front of AI or anywhere close. 

He bought more Apple. Doesn't know what they will do with AI, but is certain they will do something. Maybe they buy Perplexity, which would be a fine way to interface with AI. He sold this at $247.50, and looks attractive at $200. He's been rebuying this at an average cost of $209, and collected option premiums and small dividend.

He'd say this one. Everyone accuses them of being slow to get on the bandwagon with generative AI, but they own the device side and that's where they're going to make a lot of money. Thinks we'll see in the next 6 months that they get Apple Intelligence onto all their devices. 

His view of the price target is $240-250 this time next year, because then the AI offering will be in the marketplace. It should do quite well.

Despite rumours, CEO of Perplexity confirmed this morning that it's not for sale. Because of the whole Edge AI play, this name will be very intriguing going into the September launch and into the December launch of Apple Intelligence. Intelligence will be in all their devices globally. 

New Bionic series chips came out in the last few weeks -- custom-designed processors. They're high performance and efficient; also integrate CPUs, GPUs, and neural engine capabilities. His own price target is $240-250 a year from now. Yield is 0.49%.

Has owned this 20 years. Most shares have lulls and Apple is taking one now. Some fear that Apple will miss the AI revolution, but history says that Apple lets others do the heavy lifting in the innovation stage, then once the mistakes have been made, Apple makes it into their own. This could happen with AI. One possibility is Apple buying Perplexity for $25-30 billion. Apple has the cash, and the market would react very well.