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Aug 4 at 11:31 PM
$Apple(AAPL.US)
Looks like the apple has dropped from the tree. It was majestically high up above the other tech names while higher beta tech was being sold off.
As I mentioned, Apple is defensive tech and with a huge market cap, it is easy to park big swathes of capital rotated from the sold off higher betas and preserve them.
When sentiments become risk on again, they rotate out to higher betas again. Look at the divergence in price ever since high beta tech’s low last week.
Apple is a good company but they belong to the sunsetting mobile/ social media micro trend which defined the early 2000s. AI is the new micro trend and unless they pivot quickly, they risk becoming the next Nokia. Even Nokia has learnt something and moving into AI.
@Captain's Treasure
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