In Nasdaq trading today, shares of Apple Inc.

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	Forwarded this email? Subscribe here for more Apple shares hit new all-time intraday high MacDailyNews Oct 31   READ IN APP   In Nasdaq trading today, shares of Apple Inc. (AAPL) rose $5.92 to $277.32, a new all-time intraday high. Apple’s all-time closing high was set yesterday at $271.40. Apple’s 52-week low stands at $169.21 set on April 8, 2025, the very date on which we wrote, “Sub-$170 AAPL seems like an absolute gift to us…” Today’s trading volume for AAPL shares was 75,267,591 versus Apple’s average trading volume of 54,588,395 shares. Apple’s PE Ratio currently stands at 40.97. Apple currently has a market value of $4.012 trillion, making it the world’s second-most valuable company. The top five U.S. publicly-traded companies, based on market value: NVIDIA (NVDA) – $4.930T Apple (AAPL) – $4.012T Microsoft (MSFT) – $3.849T Alphabet (GOOGL) – $3.395T Amazon (AMZN) – $2.605T Selected companies’ current market values: • Meta Platforms (META) – $1.634T • Taiwan Semi (TSM) – $1.558T • Tesla (TSLA) – $1.518T • Berkshire Hathaway (BRK-A) – $1.029T • Walmart (WMT) – $806.639B • Netflix (NFLX) – $474.097B • Advanced Micro Devices (AMD) – $415.643B • Cisco (CSCO) – $288.106B • IBM (IBM) – $287.347B • SoftBank (SFTBF) – $255.002B • Disney (DIS) – $202.483B • Intel (INTC) – $190.592B • Sony (SONY) – $166.367B • Adobe (ADBE) – $142.454B • Spotify (SPOT) – $134.850B • Dell (DELL) – $108.579B • Nokia (NOK) – $37.354B • Hewlett-Packard (HPQ) – $25.863B • SiriusXM (SIRI) – $7.304B • BlackBerry (BB) – $2.894B • Sonos (SONO) – $2.076B • RealNetworks (RNWK) was delisted from U.S. exchanges on December 21, 2022 and is no longer publicly traded. Apple all-time high (AAPL) via NASDAQ here. MacDailyNews Take: Happy Halloween, everyone! Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Apple shares hit new all-time intraday high appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2025 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe

While many of the largest tech companies race to build massive data centers for their artificial intelligence ambitions, Apple is taking a more modest approach.

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	Forwarded this email? Subscribe here for more Apple’s AI spending trails far behind other megacaps. It’s not hurting sales MacDailyNews Oct 31   READ IN APP   While many of the largest tech companies race to build massive data centers for their artificial intelligence ambitions, Apple is taking a more modest approach. In its fiscal 2025, which ended in September, Apple spent $12.72 billion on capital expenditures. Compared to Alphabet, Meta, Microsoft, and Amazon, Apple is barely spending at all. Apple’s restrained approach to AI hasn’t hurt its hardware sales. CEO Tim Cook told CNBC Thursday that consumer response to the company’s iPhone 17 models was “off the chart.” Kif Leswing for CNBC: ‎ Instead of simply buying as many AI chips as possible, Apple buys computing capacity from outside partners, finance chief Kevan Parekh explained Thursday on the company’s fourth quarter earnings call. When Apple does build servers for its AI software, the company is using its own chips — not those from Nvidia or AMD — to power a service it calls Private Cloud Compute. “I don’t see us moving away from this hybrid model, where we leverage both first-party capacity as well as leverage third-party capacity,” Parekh said. Alphabet said it expects to spend about $92 billion on capital expenditures this year. Microsoft said it spent about $34.9 billion on capex during the September quarter and will spend more in capex for its fiscal 2026 than it did the year prior. Meta stock got whacked after CEO Mark Zuckerberg defended the company’s plan to spend about $71 billion on AI chips and other expenses in 2025. On Thursday, Amazon raised its 2025 spending forecast 6% to $125 billion… In its fiscal 2025, which ended in September, Apple spent $12.72 billion on capital expenditures. And yet, that’s up 35% from what it spent last year, a significant increase. Parekh said Apple is expecting further increases. Analysts expect Apple’s capex to increase to $14.3 billion this year, according to FactSet. “In ’25 we did have capex costs associated with building out our Private Cloud Compute environment in our first party data centers,” Parekh said. ‎ MacDailyNews Take: Think Different. Doing more with less is fine, if your products can compete. When the new Siri finally debuts next year, we’ll find out if Apple’s strategy is working or not. For now, Apple Intelligence’s underwhelming feature set hasn’t hurt, as the company predicts that overall sales will rise between 10% and 12% in the December quarter. ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Apple’s AI spending trails far behind other megacaps. It’s not hurting sales appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2025 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe

While other Magnificent Seven members pour billions into artificial intelligence initiatives, Apple is holding back.

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	Forwarded this email? Subscribe here for more While rivals plow money into data centers, Apple spends big on buybacks MacDailyNews Oct 31   READ IN APP   Apple’s Reno, Nevada data center While other Magnificent Seven members pour billions into artificial intelligence initiatives, Apple is holding back. Its free cash flow is fueling the tech industry’s largest buybacks program. Andrew Bary for Barron’s: ‎ The spending disparity, apparent in Apple’s Thursday earnings release for the three months through September, the final quarter of its fiscal year, is a bullish development for shareholders. Apple laid out $12.7 billion in capital expenditures in the entire year, far from the amounts companies such as Meta Platforms, Alphabet, and Microsoft have spent. It is working to develop AI for the iPhone and other services, but it isn’t paying for a vast buildout of data centers, as its rivals are. Meta Platforms expects about $71 billion in capital expenditures this year and more in 2026. Alphabet has said it expects about $92 billion in capital spending in 2025 and Amazon.com plunked down a cool $120 billion in the year through September. Apple, meanwhile, continues to snap up its own stock. It bought back about $20 billion in the quarter and $91 billion for the latest fiscal year, little changed from the $95 billion in fiscal 2024. Meta’s buybacks in the latest quarter totaled $3 billion, down from $8 billion in the year-earlier period. ‎ MacDailyNews Take: Apple CFO Kevan Parekh during yesterday’s Q425 conference call with analysts said: We ended the quarter with $132,000,000,000 in cash and marketable securities. We had $1,300,000,000 of debt maturities and decreased commercial paper by 1,900,000,000 resulting in $99,000,000,000 in total debt. Therefore, at the end of the quarter, net cash was $34,000,000,000 During the quarter, we returned $24,000,000,000 to shareholders. This included $3,900,000,000 in dividends and equivalents and $20,000,000,000 through open market repurchases of 89,000,000 Apple shares… We are expecting increases in our CapEx spending related to AI investments. For example, as I mentioned earlier, we did end up having investments this year to build out our private cloud compute environment. And we do believe this hybrid model has served us very well, and we continue to want to leverage it. And so I don’t see us moving away from this hybrid model where we leverage both first party capacity as well as leverage third party capacity. We’ll continue to want to build out private cloud compute, as Tim [Cook] outlined, as we have more usage there over time. But I think, in general, we want to continue to have this hybrid model. ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post While rivals plow money into data centers, Apple spends big on buybacks appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2025 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe