Still like Apple's stock as it comes without hyperscaler risk: G Squared's Victoria Greene

Group 1: Apple - Apple is viewed positively as a strong tech and AI play, with expectations of continued phone sales and service growth despite rising memory prices [2][3] - The company is expected to maintain pricing power on its products, which will help offset increased costs from memory chips [2][3] - Apple's diversification into services and wearables is seen as a strength, alongside its ongoing collaboration with Google [3] Group 2: Microsoft - Microsoft has experienced a 10% decline over the past three months, with concerns about Azure growth due to supply constraints [5][6] - The company is expected to face increased capital expenditures (capex) due to large deals, which may deter investors [7] - If investors do not currently own Microsoft, it may be advisable to wait before purchasing, especially ahead of earnings [5][7] Group 3: Meta - Meta is currently viewed as a hold, with potential for a buy if the company reduces its capex [8] - Recent cuts to Reality Labs spending are seen as a positive sign, but future performance will depend on capex decisions [8] - Meta's dominance in advertising and social media is acknowledged, but competition in AI search is a concern [9] Group 4: Memory Companies - Companies like SanDisk and Micron are expected to benefit from hardware constraints driving pricing, despite some narratives of slowing demand [10][11] - There is a strong demand for memory products, particularly from hyperscalers, which provides a secure revenue source [12] - The ongoing buildout in data centers and the integration of memory in various devices suggest a robust market for memory companies [12][13]