INVESTORS PIN HOPES ON APPLE AND AMAZON STOKING AI FRENZY
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Hopes On Earnings
Please click here for a chart of Apple stock (AAPL).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of AAPL stock is being used to illustrate the point.
- After the U.S. credit downgrade, investors are pinning hopes on Apple and Amazon (AMZN) earnings to drive the stock market higher by stoking AI frenzy.
- AAPL is the largest and most popular stock. Many investors believe that AAPL stock is as safe as a money market fund, and they use it similar to a money market fund.
August 3, 2023