Apple Notes, NASDAQ, -- October 29, 2024

Locator: 48674MMF.

After the market close: 

• GOOG must have reported nice earnings. After hours shares up over $6 / up about 4% and continuing to climb. Cloud revenue impresses. I assume that would be a reflection of AI.
  
• AMD: haven't seen the report yet, but shares up 4% before the close; and, up another 1% after the close before earnings announced; later: someone must know something ... I haven't seen earnings yet, but AMD now goes negative, down 5%; great report, beats everywhere, but EPS exactly in-line and that results in AMD dropping as much as $10 / share; down around 5%. CEO exuberant in her comments. Not unexpected. After hours, AMD got crushed.
  
• AMD: crushed after hours. Who needs to worry? Intel (INTC); the business of each is in the same sector (CPUs); Nvidia's sector? GPUs.
• yes, I know, it's evolving
  
• Nvidia has a huge moat and remain a year ahead of the competition with regard to GPU chips
• Nvidia has the momentum; LDCs and other buyers of GPUs are not mixing and matching different makes of chips
  
• Chipotle: mixed results. EPS beat but shares drop 6%.
• First Solar: big miss and shares drop 6%.
• Intel: buying opportunity -- said by some -- was July / August, 2024 -- some saw it and bought early at $30; others waited and got in at $18 -- for the archives; will compare with AMD at the one year mark.
  

Original Note

Note: what a great site to eat lunch. Watching national guard F-15s take off.  Still look as modern as ever. Amazing.

Market: this is amazing, also --  NASDAQ hits another all-time record -- AAPL is actually in the green today -- and AMD is up 3% / up $5 today ahead of earnings report after market closes today -- as long as I'm checking, INTC? Down.

Also amazing and completely inexplicable: with all the reading Charlie Munger did (plus all the other resources to which he.had access), how BRK completely missed the AI revolution, at least based on news stories. Of course, when the Mag-7 crash and burn, there will be a lot of "I-told-you-so" headlines. Whatever.

And then these headlines from CNBC online today:

• consumer conference surges -- I'm sure this greatly disappoints and confuses Rick Santelli;
• NASDAQ climbs to fresh record
• Morgan Stanley CEO says the era of zero interest rates and inflation is over (that satisfies both sides)
• zero interest rates never made sense but it certainly did great things for the economy
• but what does he mean "the era of inflation" is over? But that's what CNBC reported

Apple / AAPL: link here. Revenue jump on Chinese demand?

Apple / AAPL: link here. Broadens manufacturing base in India.

**********************************
Disclaimer
Brief 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 something appears wrong, it probably is. Feel free to fact check everything.
  
• 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
• Longer version here.