All right, in the meantime, Wed Bush Securities today out with its top tech names to own into next year. Among them, Microsoft, Apple, Tesla, Palunteer, Crowdstrike. One name that you're not seeing on that list, Nvidia.Dan Ives behind the call. He is the global head of technology research. And I have to issue the biggest correction in the history of my career, which is now that you're in the light, that that jacket is not McLaren Papaya.It is, I would dare say, peach. I look I mean I I'll take both sides ag ...

Core Insights - The market is increasingly punishing major AI spenders that lack clear returns, leading to a recommendation to reduce exposure to the "MAG seven" stocks due to rising capital expenditures and talent costs impacting margins and earnings [1] - Hyperscalers have issued $121 billion in new debt this year, which is four times the five-year average, indicating that their buildout is exceeding internally generated cash [2] - Meta is investing heavily in data centers and AI talent, but its AI model, Llama, holds only about a 10% share of the enterprise market, where significant AI revenue and margins are concentrated [3] Company-Specific Insights - Alphabet has seen a 65% increase in stock value, attributed to its comprehensive ownership of the tech stack, including chips, cloud, distribution, and a leading AI model, while Tesla's forward PE is significantly higher at 320 [4] - Apple, while currently lagging, has a vast distribution network with 2.3 billion active devices, which could position it competitively in the AI space by 2026 [5] - Microsoft is falling behind in chip development and competitive in-house large language models (LLMs), relying heavily on OpenAI's models and partnerships [7] Market Dynamics - The convergence of AI models is making distribution more critical than the quality of the models themselves, which could favor companies with strong distribution capabilities [3] - Concerns are rising regarding the reliance on single customers for revenue, as seen with Oracle's significant backlog tied to a deal with OpenAI worth $300 billion [11] - Microsoft has a $300 billion commitment from OpenAI for Azure services, but there are worries about OpenAI's ability to meet its commitments across multiple partners, totaling over $1.4 trillion in compute commitments [13]

Does Apple Intelligence still matter for the stock? For a start, we will likely have to wait till at least spring 2026 for snippets of what Apple has up itsJR Research is an opportunistic investor. He was recognized by TipRanks as a Top Analyst. He was also recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above ...

All right, it's been another solid year for the Mag 7 collectively. The CNBC index that tracks those mega cap names up more than 25%. But as Mackenzie Sagales reports, there's a growing disparity between the halves and the have nots within the Mag 7.The Mag 7 trade is splintered this year, and 2026 could widen that gap even further. We're looking at a roughly 60 percentage point spread between the best and worst performers. Alphabet up 65%, Amazon just 5 a.5% with the market now differentiating based on who ...

Core Insights - The market has shifted from treating the "Magnificent Seven" tech companies as a unified group to evaluating them individually based on their ability to monetize AI investments [1] - Alphabet leads with a significant advantage due to its AI chip distribution and LLM Gemini, outperforming competitors in key benchmarks [2] - Nvidia has become the world's most valuable public company, with over 40% growth, driven by its role in the record-breaking data center buildout [2] Winners - Alphabet is recognized for its strong position in AI, with a 60 percentage point lead in credibility across the tech stack [1] - Nvidia's growth and valuation are attributed to its foundational role in AI infrastructure, particularly in data centers [2] Laggards - Amazon, while maintaining the largest cloud business, is experiencing slower growth in AWS compared to Azure and Google Cloud, raising concerns about its in-house AI chip's adoption [3] - Meta lacks a cloud service and a clear revenue model linked to its AI investments, making it difficult to justify its ROI to investors [4] - Apple is focusing on consumer distribution rather than infrastructure, which may impact its competitive position if AI model quality continues to converge [5] Market Dynamics - Capital expenditure (capex) for top hyperscalers exceeded $400 billion this year, with projections suggesting it could surpass $600 billion next year, primarily for AI infrastructure [6] - Apple is spending significantly less on AI infrastructure, around $3 billion in the most recent quarter, indicating a potential gap in investment compared to competitors [7] - Azure has a future performance obligation of $400 billion, compared to Amazon's $200 billion, highlighting where enterprises are placing their bets [8]

Apple has been lagging in the AI race compared to the other tech giants. While other tech giants have raced ahead with improved AI chatbots, video-generating apps, and much advanced AI models, Apple ... ...

Core Viewpoint - Apple has demonstrated resilience in its stock performance throughout 2025, achieving a year-to-date gain of 12.1% despite market volatility [1][4]. Stock Performance - Apple's stock closed at $273.40 on December 29, 2025, up from approximately $243.85 at the beginning of the year [1]. - An investment of $1,000 at the start of 2025 would now be worth about $1,121, reflecting a gain of approximately $121 [3]. Market Dynamics - The stock experienced a dip below $200 during a market pullback in Q1 but gradually recovered, with significant gains in the second half of the year [4]. - By November, AAPL shares reached new highs above $280 before slightly consolidating at year-end, indicating strong investor demand for Apple's defensive characteristics [5]. Revenue and Growth Drivers - Apple's performance has been supported by growth in its high-margin services segment and ongoing share repurchases, which have stabilized earnings and investor sentiment [6]. - Despite mixed hardware demand, recurring revenue from subscriptions, payments, and digital services has been crucial for maintaining performance [6]. Capital Return Strategy - The company has maintained an aggressive capital return strategy, which serves as a long-term benefit for shareholders, especially during uncertain market conditions [7]. Analyst Outlook - Analysts view Apple as a core long-term holding heading into 2026, with expectations for moderate growth compared to AI-centric stocks [8]. - Apple's pricing power, brand strength, and ecosystem lock-in continue to attract institutional capital, positioning it as a defensive anchor within technology portfolios [9].

Michael Vi/iStock Editorial via Getty Images Listen below or on the go via Apple Podcasts and Spotify Coupang (CPNG) promises over $1 billion compensation for data leak victims. (00:24) China's private rocket company LandSpace prepares to stand against Elon Musk's SpaceX - report. (01:16) New York to require mental health warning labels on social media platforms. (02:21) This is an abridged transcript. South Korea's largest e-commerce platform, Coupang (CPNG) announced compensation exceeding $1 billion ...

Group 1: Berkshire Hathaway Leadership Transition - Warren Buffett is set to step down as chief executive of Berkshire Hathaway in January 2026, passing leadership to Greg Abel while remaining as chairman [1] - Buffett's departure may increase investor anxiety regarding Berkshire Hathaway's future, as the market has priced in a "Buffett premium" reflecting confidence in his judgment and reputation [2] Group 2: Investment Opportunities Post-Buffett - Apple (NASDAQ: AAPL) is Berkshire Hathaway's largest equity holding, generating significant and recurring cash flows, and is characterized by its ability to return capital through buybacks and dividends [4][5] - Apple reported record third-quarter 2025 revenue of $94 billion, with iPhone sales increasing by 13% year-over-year and services revenue reaching a new high of $27.4 billion [6] - Alphabet (NASDAQ: GOOG) is a rapidly growing position in Berkshire's portfolio, with its first quarter exceeding $100 billion in revenue, driven by growth in search advertising, YouTube, and Google Cloud [9][10] - Alphabet's net income has risen sharply, with a 34% year-over-year increase in Google Cloud revenue to $15.2 billion, and the company is projected to invest up to $93 billion in capital expenditures for data-center infrastructure and AI platforms in 2025 [11]

Core Viewpoint - Investors with a positive outlook on the U.S. technology market, particularly the Magnificent 7 stocks, may find value in investing in Roundhill's Magnificent Seven Covered Call ETF (MAGY) [1] Group 1 - The ETF is designed for those who are bullish on the technology sector and specifically targets the Magnificent 7 stocks [1] - The article suggests that a small investment in MAGY could be beneficial for investors looking to capitalize on the growth of these technology stocks [1]