Apple's earnings are all about the iPhone 17, says Intelligent Alpha's Doug Clinton

Amazon - Amazon has been the worst performer among the "Magnificent Seven" stocks year to date, according to Intelligent Alpha's models which utilize AI for stock picks [1] - Concerns are primarily focused on Amazon Web Services (AWS), as competitors like Google and Microsoft have reported strong cloud growth, putting pressure on Amazon to enhance its offerings [2] - Amazon needs to either partner with OpenAI or significantly develop its own AI capabilities to drive AWS revenue growth [3] Apple - There is positive sentiment regarding consumer demand for the iPhone 17, which has exceeded investor expectations since its announcement [4] - Analysts expect about 5.5% iPhone growth for the next year, but there is potential for higher single-digit growth based on current trends [5] Meta - Meta has benefited from AI in terms of revenue growth but is lagging in developing its own unique technology, particularly with its Llama model [6] - The company has invested heavily in talent acquisition and cloud resources, spending billions to rejuvenate its AI capabilities [7] - Meta issued $25 billion in new debt to finance its initiatives, which is manageable on its balance sheet, but the increasing use of debt for data centers raises concerns [8][9] - Despite the debt, demand for cloud services remains high, and if this demand continues, Meta should be able to manage its debt obligations effectively [10]