APPLE $AAPL JUST REPORTED EARNINGS EPS of $1.85 beating expectations of $1.75
Revenue of $102.5B beating expectations of $101.8B🟢 Stock is up 5% in after hours 🚀 The company's chief financial officer said Apple expects total company revenue to grow 10 to 12% year over year in the three months to December, with iPhone revenue growing double digits $AAPL Apple Q4 FY25 (Sept. quarter): 💳 Services +15% Y/Y to $28.8B. 📱 Products +5% Y/Y to $73.7B. • Revenue +8% Y/Y to $102.5B ($0.2B beat). • Operating margin 32% (+0.5pp Y/Y). • EPS $1.85 ($0.08 beat). Source: App Economy Insights @EconomyApp
🚨 Such concentration has almost NEVER happened:
NVIDIA accounts for 8% of the S&P 500's market cap, the highest for any company in history. Microsoft’s and Apple’s shares are 6.5% and 6.0%, respectively. The top 10 companies represent a record 40% of the index's total value. Source: Global Markets Investor
In case you missed it... Soybeans jump to highest price since July 2024 📈📈
Source: Barchart
Samsung bets big on AI 🇰🇷 Korean tech giant
Samsung just announced plans to buy and deploy 50,000 Nvidia GPUs — a massive move aimed at supercharging its chip manufacturing for mobile devices and robotics. 💡 The partnership is another win for Nvidia, whose GPUs remain the gold standard for building and deploying advanced AI systems. 🔧 Samsung also confirmed it’s working with Nvidia to optimize its 4th-gen HBM (High Bandwidth Memory) for next-generation AI chips — a move that could reshape the global AI hardware landscape. 👉 The AI arms race just got another heavyweight upgrade.
💥 Microsoft’s latest SEC filing quietly revealed a lot about OpenAI’s finances.
According to the numbers, OpenAI lost roughly $11.5 billion last quarter — a figure inferred from Microsoft’s own disclosures. 📊 With a 27% stake in OpenAI, Microsoft recorded a $3.1 billion hit to its net income, pointing to massive operating losses at its AI partner. 💸 The filing also shows Microsoft has now funded $11.6 billion of its $13 billion total commitment to OpenAI — and those losses are now being reflected directly in Microsoft’s earnings under equity accounting rules. 🤔 The takeaway: the AI boom is incredibly expensive, and even the biggest players are feeling the weight of the burn rate.
Japanese Yen hits weakest level against the U.S. Dollar in more than 8 months
Source: Barchart
🚨The S&P 500 has NEVER been this expensive:
The index Price-to-Sales (P/S) hit 3.6x, WAY above the 2000 Dot-Com Bubble peak of 2.1x. The Price/Book (P/B) ratio hit 5.6x, above the 2000 high of 4.6x. Forward P/E is 26x, the second-highest since the Dot-Com Burst. Source: Global Markets Investor
📉 China’s manufacturing slowdown deepens.
October’s PMI came in at 49.0 — hitting a 6-month low and missing expectations of 49.6 (Reuters poll). That’s down from 49.8 in September. 🇨🇳 China’s manufacturing sector has now been in contraction since April, underscoring persistent weakness in global demand and domestic investment. ⚙️ The country’s manufacturing activity has remained in contraction since April. Source: CNBC
