虎嗅APP·2025-08-14 14:36Core Viewpoint - The article discusses the contrasting performances of major tech companies, particularly focusing on the "MAG7" (Meta, Apple, Google, Amazon, Microsoft, Nvidia, and Tesla), highlighting the impact of AI trends and tariffs on their valuations and market positions [5][6]. Group 1: Performance of MAG7 - As of August 11, 2025, the stock performance of the MAG7 shows significant divergence, with Nvidia, Meta, and Microsoft leading, while Apple and Tesla lag behind with notable declines [6]. - The main conflict for these tech giants revolves around how much of the AI market they can capture, overshadowing the long-term effects of tariffs [9]. Group 2: Tesla's Challenges - Tesla reported a revenue of $22.496 billion for Q2 2025, marking a 12% year-over-year decline, the largest drop since 2012 [14]. - The company faces a significant drop in annual sales for the first time in nearly a decade, with consumer interest in electric vehicles waning in the U.S. and increased competition in China [15]. - The cancellation of the $7,500 federal tax credit for electric vehicles under the "Big and Beautiful Act" further complicates Tesla's financial outlook, impacting its carbon credit revenue [17]. Group 3: Apple's Position - Despite a strong quarterly performance with revenues of $94.04 billion and net profits of $23.423 billion, Apple’s stock saw a 5% decline following the earnings report [23]. - The company is facing pressure regarding its AI strategy, with analysts noting that its conservative approach to AI has led to lower growth expectations compared to competitors like Meta, which reported a 22% revenue growth driven by AI [25]. - Apple's capital expenditure for AI is significantly lower than its peers, with a projected $9.447 billion for FY2024, down from ten years ago [26]. Group 4: Market Dynamics and Leadership - The article notes a trend of tech founders returning to lead their companies amid the AI revolution, contrasting with Apple's lack of a founder's presence in leadership [32]. - The ongoing AI race has led to significant shifts in market valuations, with Nvidia's market cap surpassing Apple's, indicating a changing landscape in tech leadership and innovation [30].