To The Moon

I’ve been watching $Apple(AAPL)$ closely, I think it’s shaping up as one of the more compelling large‑cap names to consider today.

From my perspective, what makes Apple genuinely enticing right now is the convergence of strategic AI partnerships, renewed technical momentum, and rock‑solid capital allocation.

First, on the innovation front, Apple is taking concrete steps to close its AI gap. Reports that the company is in discussions with OpenAI and Anthropic to supercharge Siri reflect a shift from laggard to contender in generative AI—arguably the most important tech theme of our era. If Apple can meaningfully integrate large‑language models into its device ecosystem, it gains both a functional edge and stickier customer lock‑in, which could translate into higher hardware ASPs and more services revenue over the next few years.

AAPL Weekly Chart

Technically, I find the chart compelling. After slipping nearly 8% in Q2, AAPL has rallied for three straight sessions to hit a six‑week high and reclaiming its 50‑day moving average at about $201. From where I sit, that breakout signals a potential new uptrend; key resistance now lies near $214, with support down around $193 on any pullback.

On the capital‑return side, Apple’s balance sheet still stands out. The company continues to buy back nearly $100 billion of stock annually and maintain its dividend, underpinning EPS growth even if hardware unit sales fluctuate. At roughly 20× forward earnings, the stock isn’t cheap—but given its free‑cash‑flow yield and the optionality of an AI‑powered services boost, I find that multiple reasonable for a blue‑chip with a demonstrated ability to steer through macro headwinds.

My personal plan would be to look for constructive price action above $210 on higher volume—ideally, a close through $214 to confirm the breakout. If that happens, I’d consider initiating a position, aiming for a near‑term target in the $230–$240 zone, where previous highs and Fibonacci extensions converge. Conversely, a dip back to the $200–$203 area (its 50‑day MA) could offer a lower‑risk entry, with a stop just below $193.

In sum, I believe Apple’s pivot toward AI, coupled with its renewed technical strength and shareholder‑friendly cash returns, makes it a standout “core” holding as we head into Q3. If you share my conviction that big‑tech rallies can still be found beyond the usual mega‑caps, Apple deserves a serious look.

@MillionaireTiger @Tiger_comments @Daily_Discussion @CaptainTiger @TigerSG

Disclaimer: This is a general analysis and not financial advice. Always conduct your own research before making any investment decisions.