Chit Chat Stocks AI Earnings Blitz (GOOG, AMZN, META); South Korean Stock Bonanza; Is Apple's Mojo Back? $AAPL
13 snips
May 1, 2026 A rapid rundown of AI-fueled big tech earnings, including cloud backlogs and chip bets driving growth. Deep dives into Apple's revenue momentum and valuation questions. Coverage of memory chip strength in South Korea and a possible cyclical boom. Notes on retail and restaurant resilience, payments durability, and a surprising merger in real estate tech.
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Buy Apple Only At Much Lower Multiples
- Consider valuation before buying Apple; Brett would buy at ~13x earnings to get bond-like returns from buybacks.
- At 36x earnings today, Apple looks priced for low, bond-like growth rather than double-digit returns.
Rising Depreciation Could Squeeze Cloud Margins
- Big cloud providers' depreciation as a percent of revenue is rising and could compress margins as they scale AI infrastructure.
- Alphabet's depreciation ratio fell, while Microsoft sits near 11% and Meta rose to Amazon-like levels, signaling differentiation from internal chip strategies.
Memory Chip Profits Are Fueling A South Korean Rally
- Samsung and SK Hynix profits are surging as analysts expect Samsung to be the second-most profitable company by 2027, driven by a memory chip supercycle.
- Easy recent access for international investors is fueling a South Korean stock boom.