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Jul 22 at 09:45 AM
$Apple(AAPL.US)
Apple has been on a streak lately as tech especially higher beta pulls back. She is considered defensive tech with less exposure to the AI infrastructure buildout and more intertwined with the consumer as opposed to enterprise.
So when economy seems to be growing, that helps support consumer spending and Apple benefits obviously. So coupled with capital looking for a safe haven to park yet stay in tech, Apple has been benefiting.
Not surprisingly, as tech rebounds, Apple stagnates. Quite telling actually as capital rotates back into more reasonably valued tech names.
@Captain's Treasure
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