To The Moon

$Apple(AAPL)$   What We Thought of Apple’s Fiscal Q3 Earnings Apple’s June-quarter results were strong, highlighted by total revenue rising 16% year over year to $109.4 billion and 22% year-over-year growth in iPhone revenue. September guidance is weighed down by a combination of supply constraints, memory inflation, and foreign exchange headwinds. Why it matters: The iPhone 17 continues to benefit from immense demand, as does the MacBook Neo. We expect supply constraints and memory inflation to weigh on results through 2027, but we expect Apple’s recent pricing increases to help mitigate the impact. We model a growth headwind of about 3% in the September quarter and fiscal 2027 from supply constraints, primari

$Apple(AAPL)$   Summary Apple Inc. receives a Hold rating with a $339 price target, reflecting concerns over valuation versus mega-cap peers. Despite strong Q3 results and robust Services growth, AAPL's premium multiple is not justified by near-term ROIC or EPS growth. iPhone and Services segments drive top-line potential, but margin pressures and high R&D investment limit operating leverage. AI execution and supply chain constraints are key risks; I prefer to await a more attractive entry point for AAPL. Apple Inc. (AAPL) was hit hard after fiscal Q3 earnings last week, and despite what seemed to be a good set of results, the market responded with a considerably negative reaction. While dips seem to be kee

With 47 U.S. stocks sporting market caps above $10 billion touching fresh all-time highs as of May 22, 2026, the market is sending a clear signal: capital is flowing decisively into AI infrastructure, semiconductor equipment, and capital-markets franchises. The top 10 tickers leading this cohort— $Apple(AAPL)$, $Advanced Micro Devices(AMD)$,$ASML Holding NV(ASML)$, $ASML Holding NV(ASML)$, $Cisco(CSCO)$, $Lam Research(LRCX)$,

$Apple(AAPL)$   What We Thought of Apple’s Fiscal Q3 Earnings Apple’s June-quarter results were strong, highlighted by total revenue rising 16% year over year to $109.4 billion and 22% year-over-year growth in iPhone revenue. September guidance is weighed down by a combination of supply constraints, memory inflation, and foreign exchange headwinds. Why it matters: The iPhone 17 continues to benefit from immense demand, as does the MacBook Neo. We expect supply constraints and memory inflation to weigh on results through 2027, but we expect Apple’s recent pricing increases to help mitigate the impact. We model a growth headwind of about 3% in the September quarter and fiscal 2027 from supply constraints, primari

$Apple(AAPL)$   Summary Apple Inc. receives a Hold rating with a $339 price target, reflecting concerns over valuation versus mega-cap peers. Despite strong Q3 results and robust Services growth, AAPL's premium multiple is not justified by near-term ROIC or EPS growth. iPhone and Services segments drive top-line potential, but margin pressures and high R&D investment limit operating leverage. AI execution and supply chain constraints are key risks; I prefer to await a more attractive entry point for AAPL. Apple Inc. (AAPL) was hit hard after fiscal Q3 earnings last week, and despite what seemed to be a good set of results, the market responded with a considerably negative reaction. While dips seem to be kee

With 47 U.S. stocks sporting market caps above $10 billion touching fresh all-time highs as of May 22, 2026, the market is sending a clear signal: capital is flowing decisively into AI infrastructure, semiconductor equipment, and capital-markets franchises. The top 10 tickers leading this cohort— $Apple(AAPL)$, $Advanced Micro Devices(AMD)$,$ASML Holding NV(ASML)$, $ASML Holding NV(ASML)$, $Cisco(CSCO)$, $Lam Research(LRCX)$,