Disclaimer -- A Reminder -- June 11, 2024

Locator: 47805DISCLAIMER. 

Best quote all day, so far, by Josh: AI now stands for Apple Intelligence. Wow!

Josh:

• put out of business yesterday, maybe a dozen or two dozen small start-ups
• regarding NVDA -- Q: is it too far, too fast. A: no.
  

Steve Weiss:

• the most negative guy on CNBC
• hates AAPL and still buys it
• but can't defend his purchase

AAPL: $4 trillion --

• $1 trillion: hardware
• $1 trillion: software
• $1 trillion: chips (Apple Silicon)
• $1 trillion: AI (Apple Intelligence)

Buy-side analysts:

• racing to raise targets
• need to readjust portfolios
• many trading houses are not overweighted in AAPL; 
• this could change
• will certainly drive discussion 

That calculator:

• clearly the "wow moment" yesterday, BUT
• folks completely missed how revolutionary the Apple Calculator is 
• one "app" completely encapsulates what Apple Intelligence is all about, and,
• the M4. 

Others:

• only 5% of current Apple users can access Apple Intelligence on their current devices -- think about that -- if I want "that Calculator and "Smart Notes" (or whatever it was called) -- and I do want them -- it's time to upgrade -- five years sooner than I otherwise would have
• and, oh by the way, I'm gonna get an incredibly better camera
• Apple upgrades are going to be flying of the shelf this fall, as are:
• iPad Pros
  
• the entire OpenAI "team" was in attendance, not just Sam Altman
  
• the relationship between OpenAI and Apple may be different / much bigger than initially evident 
• AI (Apple Intelligence) won't "hurt" Google 
  

Bottom line, one word, yesterday, WWDC24: revolutionary. 

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Disclaimer Briefly Reminder

• I am inappropriately exuberant about the US economy and the US market, 
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
• Reminder: I am inappropriately exuberant about the US economy and the US market, 
• I am also inappropriately exuberant about all things Apple.