Apple’s Momentum Keeps Building… And AI In Focus In Sun Valley 7/10/24

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 10 July 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Shares of Apple keep climbing, and analysts are giving the tech titan the thumbs up as shipment estimates reportedly grow. But can you count on the comeback, or should you stick with the big AI winners. And speaking of AI… the tech revolution taking center stage at Allen & Company’s Sun Valley conference. How players from across various industries are aiming to use AI to boost their companies. Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Live from the Nesac Market site on a day when the S&P in Nesac set a closing record yet again.
0:09.0	This is fast money.
0:10.0	Here's what's on tap tonight.
0:11.3	Melting up and down, we've got our eyes on two stocks
0:14.0	moving in very different directions,
0:15.6	one hitting one record high after another,
0:17.9	the other at nearly two-year lows.
0:19.6	How to play the names coming up.
0:21.4	Plus High House Silver, the mining stocks up five of the
0:24.4	last days and hitting their highest level since early June. Can the trade keep
0:28.6	on shining? We'll debate that and we're going live to Sun Valley Idaho with
0:32.3	LinkedIn co-founder and longtime
0:34.0	Democratic donor, Reed Hoffman, will get his thoughts on the AI boom and what he has
0:38.2	to say about the state of American politics. I'm Melissa Lee coming to you live
0:42.0	from Studio B at the Nasdaq on the
0:43.8	desk tonight. Tim Seymour, Karen Finerman, Dan Nathan, and Gaiadami. We start off with Apple adding
0:49.0	another 2% today to market 7th all-time high close in a row that is its
0:54.4	longest streak of record closes since 2012 but even with these big gains
0:58.9	Wall Street remains optimistic on the stock. Needhams Laura Martin upping the firm's price target by $40 to $2.60 a share.
1:06.0	She writes that the company's $110 billion stock buyback
1:09.0	is a near-term positive while other companies are
1:11.0	working on similar amounts to pay for generative AI infrastructure.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.