aapl
fire starter
Posts: 267
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Post by aapl on Jun 24, 2024 3:19:01 GMT -8
Apple was down earlier but now is up in the premarkets: 208.04 +$0.55 (+0.27%) Maybe they read John Gruber's long post on Apple Intelligence and liked what they read. Link: daringfireball.net.
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Post by CdnPhoto on Jun 24, 2024 4:20:13 GMT -8
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Post by CdnPhoto on Jun 24, 2024 4:28:38 GMT -8
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aapl
fire starter
Posts: 267
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Post by aapl on Jun 24, 2024 5:14:30 GMT -8
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Post by CdnPhoto on Jun 24, 2024 6:44:45 GMT -8
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Post by CdnPhoto on Jun 24, 2024 6:45:42 GMT -8
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Post by kpas1 on Jun 24, 2024 7:53:28 GMT -8
So do I have this right: XLK had to sell a ton of AAPL because it was no longer in the top 2 market cap with the NVDA run up. That happened by Friday last week. Now APPL is back in 2nd place with NVDA falling. So they have to buy a bunch of AAPL back? Can this explain today's AAPL run up? Or maybe just a general move in tech from NVDA mania back to AAPL?
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Post by Luckychoices on Jun 24, 2024 9:14:57 GMT -8
So do I have this right: XLK had to sell a ton of AAPL because it was no longer in the top 2 market cap with the NVDA run up. That happened by Friday last week. Now APPL is back in 2nd place with NVDA falling. So they have to buy a bunch of AAPL back? Can this explain today's AAPL run up? Or maybe just a general move in tech from NVDA mania back to AAPL? I don't claim to know how things will be done at XLK, but I've been pretty surprised to see so many positive comments about it on Seeking Alpha. This one particular person, ammarmalhas, stated on 06/20/24: " @milehr Ahh!! NVDA is now the eWorld's most valuable company surpassing Microsoft, Apple and all! So, since I assumed NVDA's move to #1 was probably temporary, I replied on that same day: **If that sort of thing is important to you, keep watching.
His response, on 06/23/24, was: @ammarmalhas: it is important to me and to most investors in the World."My final response, also yesterday, was: **Of course, that's your opinion.On 06/18/24, CNBC reported NVDA's market cap going to #1 www.cnbc.com/... "Shares of the chipmaker climbed 3.6% on Tuesday, lifting the company’s market cap to $3.34 trillion, surpassing Microsoft , which is now valued at $3.32 trillion." So, NVDA's share price closed at a high of $135.58 on Tuesday and MSFT finished at $446.34. #1 NVDA Market cap is 3.34 trillion #2 MSFT Market cap is 3.32 trillion Stock---Price Market Cap Number of SharesNVDA---$135.58---$3,340,000,000,000.00---24,634,901,903 MSFT---$446.34---$3,320,000,000,000.00----7,438,275,754 ==================== However, NVDA *dropped* -$8.46 to finish the week at $127.12 and MSFT *climbed* +$3.44 to finish at $449.78 #1 MSFT Market cap is now 3.34 trillion #2 NVDA Market cap is now 3.13 trillion Stock---Price Market Cap Number of SharesMSFT---$449.78---$3,345,587,668,593.45----7,438,275,754 NVDA---$127.12---$3,131,588,729,901.16---24,634,901,903 ==================== So, in the space of 2 market days, the number one market cap changed from NVDA to MSFT...and this is important to you "and to most investors in the World"? If you would, please explain why...because I don't get it.== So far, no response to my last comment now that NVDA is down even more today.
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Post by aaplcrazie on Jun 24, 2024 9:40:18 GMT -8
OT: Buy the NVDA Dip?
Thoughts comments hysterical Laughter etc...
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4aapl
Moderator
Posts: 3,845
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Post by 4aapl on Jun 24, 2024 9:56:05 GMT -8
OT: Buy the NVDA Dip? Thoughts comments hysterical Laughter etc... I can do OK guessing shorter term on Apple. With Nvidia, it seems at some point demand will ease a little bit, especially as more options become available. I just don’t really see the bullish case going forward from this level… But I don’t really follow it and so I’m not the best to guess it. But it looks like someone could’ve made 2.5 or five bucks a share without hitting the lower high today on just a day trade. Apple often moves that much, but today the directionality just seemed a little more obvious. Nvda might do fine. But to me it’s not a sure thing in the short term or long term. But it’s had a heck of a run…which I wasn’t in either.
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Post by aaplcrazie on Jun 24, 2024 10:18:06 GMT -8
Thanks 4AAPL seems my limit order executed @ 118.85 so we will see....
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4aapl
Moderator
Posts: 3,845
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Post by 4aapl on Jun 24, 2024 10:37:02 GMT -8
Vegging out in front of the tv after walking around Geneva for 17 miles. The 3rd channel in English was CNBC.
Dan Ives was just on, talking up Apple and seeing a $4T market cap. Or $275-300 a share.
Basically he sees Apple being the place for AI, for developers and consumers, while getting a piece of any payments. He was talking his book, while trying to avoid directly answering any specific questions for things that just don’t have an exact answer. But if the EU thing did get by, he sees it as a small fine of a million or two, nothing anywhere close to the 10% of sales that it threatens.
A wall of worry item, but not really a big one.
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Post by CdnPhoto on Jun 24, 2024 16:15:23 GMT -8
Vegging out in front of the tv after walking around Geneva for 17 miles. The 3rd channel in English was CNBC. Dan Ives was just on, talking up Apple and seeing a $4T market cap. Or $275-300 a share. Basically he sees Apple being the place for AI, for developers and consumers, while getting a piece of any payments. He was talking his book, while trying to avoid directly answering any specific questions for things that just don’t have an exact answer. But if the EU thing did get by, he sees it as a small fine of a million or two, nothing anywhere close to the 10% of sales that it threatens. A wall of worry item, but not really a big one. The video mentioned (I believe) www.cnbc.com/video/2024/06/24/apples-market-cap-to-hit-4-trillion-next-year-says-wedbushs-dan-ives.html?&qsearchterm=dan%20ives
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,313
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Post by Dave on Jun 25, 2024 1:46:03 GMT -8
OT: Buy the NVDA Dip? Thoughts comments hysterical Laughter etc... I started buying into NVDA about a year ago after I grew frustrated with watching my account (100% AAPL) slowly lose value while the rest of the market was growing dramatically. My biggest regret is that I didn’t buy into NVIDIA sooner and more heavily than I have. But that’s just me, as we all must make our own decisions and accept whatever consequences those decisions generate. Put me down for big smile.
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Post by aaplcrazie on Jun 25, 2024 10:25:37 GMT -8
Thank's Dave copy your last, Yeah shoulda jumped sooner.
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