CNBC's "Fast Money" Apple Reports Results… And Crude Climbs Amid Middle East Tensions 1/29/26
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Jan 29, 2026 
Gene Munster, founder of Deepwater Asset Management, weighs in on the software selloff and AI demand shifts. Lori Calvacina, RBC U.S. equity strategist, gives sector and institutional perspective. Dan Nathan offers trading views on market momentum and risk. Karen Feinerman shares trade ideas on consumer and cyclicals. Tim Seymour analyzes macro and tech implications amid Apple results and crude rally from Middle East tensions.
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Apple's Strong Quarter Meets Skepticism
- Apple delivered a strong quarter with 17% revenue growth and double-digit iPhone sales, surprising with a 38% China rebound.
- The market remains skeptical about sustainability, especially around services growth and memory cost pressure.
Apple-Google AI Partnership With Privacy Guardrails
- Apple highlighted a Google Gemini partnership but kept financial details private while insisting privacy architecture stays the same.
- Tim Cook says Apple will do on-device plus private cloud compute for AI queries to preserve privacy.
Memory Names Claim Secular Demand Shift
- SanDisk reported demand outpacing supply with customers signing multi-year memory contracts, challenging the view of cyclical memory markets.
- Management said consumer and data-center demand growth supports higher prices and longer visibility.