Listed as Apple Inc.
Over the past month, SpaceX shares lost 12.5% while Apple gained 3%, supported by iPhone demand and record quarterly revenue, the article says. Investor Nicholas Thomas Lowry rated SpaceX a high-conviction Buy and rated the iPhone maker a Sell. The article points to mounting component expenses and uncertainty around Apple's Siri overhaul as pressures on Apple.
Summary by WaZii, written by AI
As of the close on November 10, Apple shares were up about 29% this year, the only Magnificent Seven member to significantly outperform the S&P 500, while Tesla fell more than 20% and NVIDIA, Meta and Google also declined. The article attributes Apple's resilience to its "light-asset" financial profile, with extremely low capital spending and strong free cash flow, versus heavy AI infrastructure spending at peers. It says analysts see restraint in the pace of AI investment as key for Apple to manage risk as AI competition intensifies.
Summary by WaZii, written by AI
Apple closed at a record $350.69 on Monday, its first close above $350, taking its market value back above $5 trillion. Gene Munster of Deepwater Asset Management said on the RiskReversal Pod that Apple's biggest competition is a SpaceX phone that Elon Musk has called "utterly false". Apple trades at 37x forward earnings, near the top of its 10-year range, while analysts expect revenue growth to slow to about 6% by fiscal 2029.
Summary by WaZii, written by AI
Bank of America analyst Wamsi Mohan maintained a buy rating on Apple, and a 24/7 Wall St model sets a $384.73 price target, implying 11.29% upside from $345.71. Apple guided December-quarter gross margin to 45%-46% from 48%, and the CEO called memory pricing "unprecedented". Fiscal fourth-quarter revenue was $114.48 billion, up 11.7% year over year.
Summary by WaZii, written by AI
Apple reported fiscal 2026 operating cash flow of $145.1 billion, up 30.15%, on revenue of $478.83 billion, while capital expenditure was $9.04 billion versus $12.7 billion a year earlier. Free cash flow rose 37.8% to $136.056 billion, a 28.4% free cash flow margin compared with 23.3% last year. AAPL closed at $342.37 on Friday, Nov. 6, while the average price target in a Yahoo Finance survey of 44 analysts is $339.04 and Barchart's mean survey target is $339.69.
Summary by WaZii, written by AI
Apple warned in its fiscal fourth-quarter results that its gross margin will contract next quarter and remain under pressure next year, as memory chip prices have soared on demand from AI data centers. The article notes that Democrats took control of the House and the Senate in the midterm elections, raising the possibility of AI data center moratoriums that could reduce chip demand and ease pricing in the near term.
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StocksBNB kept its REDUCE rating on Apple and raised its DCF target price to US$310 from US$300. It said fourth-quarter revenue was within its expectations while profit exceeded its forecast on a US$1.1 billion tariff refund benefit and a favourable product mix, with revenue up 12% year over year and iPhone revenue up 18% year over year. The broker cited management guidance for first-quarter revenue growth of 7–10% year over year, weighed by slowing Services growth and FX headwinds, and said memory prices continue to increase.
Summary by WaZii, written by AI
Bank of America analyst Wamsi Mohan reiterated a Buy rating on Apple and held his price target at $370 in a Nov. 3 note, which implied upside of roughly 9.4% from the stock's closing price of $338.32 at the time of the note. The call followed fiscal fourth-quarter revenue of $114.5 billion, up 12% year over year and above the high end of Apple's own guidance, with EPS of $2.10, up 14%, including a $0.05 benefit from tariff refunds. iPhone revenue rose 17% to $57.6 billion, a September-quarter record.
Summary by WaZii, written by AI
Apple closed at a record $349.51 on Nov. 4, up 5.3%, for a market value of about $5.08 trillion, and slipped just 1.5% the next day while the Nasdaq fell more than 5%. Ritholtz Wealth Management's Josh Brown called Apple "the anti-AI large cap tech trade," and Bloomberg's Mark Gurman reported Apple lowered the daily AI spending cap for some engineers to $200 from $300, with more cuts planned. The article notes Apple trades at 36x forward earnings against a 10-year average of 24x, while analysts expect roughly 6% EPS growth in fiscal 2027.
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Bloomberg reported, citing people familiar with the matter, that Apple plans to issue about $7 billion in investment-grade bonds and has attracted about $31 billion in subscription orders, equivalent to 4.4 times the planned offering size. The deal is Apple's first return to the bond market since raising $4.5 billion in May 2025, and is divided into seven tranches with maturities ranging from two to ten years, with proceeds earmarked for general corporate purposes including share repurchases, dividend payments and capital expenditures.
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Yorkville analyst Dan Ives told clients the pullback in Apple was an opportunity, arguing the company sources artificial intelligence from suppliers and memory chips instead of building large data centers, which keeps costs flexible. The article says Apple shares have gained more than 28% year to date, helped by the iPhone Duo launch, record services revenue and buybacks, and that Apple paid back a total of $102 billion to shareholders, 75% of free cash flow. It adds that Apple invested $9 billion in property and equipment, less than 2% of revenue, and that December-quarter net margins were guided to 45% to 46%.
Summary by WaZii, written by AI
Apple shares rose 6% today, erasing Tuesday's 2% drop, after Bernstein raised its price target to $380 from $370 and kept an Outperform rating. Apple beat September-quarter estimates and guided holiday-quarter revenue up 7% to 10%, but guided gross margin of 45% to 46%, below the 46.3% analysts expected, with CFO Kevan Parekh citing higher memory costs. Microsoft and Amazon also rose as part of a broader Big Tech rally.
Summary by WaZii, written by AI