Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod. It also provides AppleCare support and cloud services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts. In addition, the company offers various services, such as Apple Arcade, a game subscription service; Apple Fitness+, a personalized fitness service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was founded in 1976 and is headquartered in Cupertino, California.

Apple выглядит как качественный, но уже дорогой бизнес: операционная рентабельность, ROE, ROA и ROI остаются очень высокими и за последние периоды в целом улучшаются. Выручка, валовая прибыль, EBITDA и чистая прибыль находятся на сильных уровнях, а их динамика по годам подтверждает устойчивость денежного потока и масштаб бизнеса. При этом P/S, P/B и P/FCF заметно выше медианы отрасли, что указывает на премию в оценке и ограничивает потенциал дальнейшего апсайда без ускорения роста. P/E находится примерно около медианы, поэтому сам по себе не выглядит чрезмерным, но в сочетании с остальными мультипликаторами общая картина всё же склоняется к завышенной оценке. Маржа валовой прибыли близка к отраслевой норме, однако операционная и чистая маржа существенно выше рынка, что поддерживает премиальность компании. Ликвидность слабее отраслевой: current ratio и quick ratio ниже медианы, и это означает, что баланс не выглядит особенно комфортным с точки зрения краткосрочного покрытия обязательств. Долговая нагрузка по debt/equity остаётся повышенной относительно отрасли, хотя сам показатель за последние периоды улучшался, а долгосрочный долг постепенно снижается. Денежная позиция сильная, cash on hand растёт, а собственный капитал увеличивается, что частично компенсирует долговые риски. Дивидендная доходность очень низкая и за год слегка снижается, поэтому дивидендный фактор почти не поддерживает инвестиционный кейс. В сумме фундаментал у Apple сильный по качеству прибыли и эффективности капитала, но оценка уже учитывает значительную часть этих преимуществ. Для инвестора это означает, что компания остаётся отличным активом для долгого удержания, но текущая цена требует более осторожного подхода к целевой оценке. Поэтому корректировка прогноза должна быть умеренно отрицательной, отражая премию в мультипликаторах и ограниченную дивидендную поддержку при сохранении сильной операционной базы.

Apple Inc.

Сильный индекс, значительно упал. Оптимистичный взгляд на свои позиции резко сменился на неуверенность.

Strong index, significantly down. An optimistic view of his position suddenly changed to uncertainty.

Сильный индекс, без изменений. Медведи в растерянности.

Strong index, flat. The bears are confused.

Сильный индекс, без изменений. Рынок не поддерживает быков.

Strong index, flat. The market does not support the bulls.

Сильный индекс, без изменений. Рынок на стороне медведей.

Strong index, flat. The market is on the bears' side.

Слабый индекс, незначительно вырос

Слабый индекс, значительно упал. Приток средств в шорты остался положительным, но значительно снизился.

Weak index, significantly down. The inflow of funds into shorts remained positive, but significantly decreased.

Apple демонстрирует выдающуюся прибыльность и эффективность, но торгуется с заметной премией по P/S, P/B и P/FCF, а слабая ликвидность и низкая дивдоходность сдерживают оценку.

Key Points
TSMC will continue to benefit no matter who is in the AI lead.
Alphabet's Gemini is already a fierce AI competitor.
Nvidia still dominates AI processors, and more growth opportunities could be around the corner.
Artificial intelligence (AI) stocks have been volatile this year, with some companies posting big gains, followed by a recent sell-off in many semiconductor stocks.
But three companies that are still outperforming the S&P 500 year to date are Taiwan Semiconductor Manufacturing (NYSE: TSM), Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), and Nvidia (NASDAQ: NVDA).
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
And there are some good reasons to believe that these three AI stocks could remain solid long-term winners. Here's why.
TSMC wins no matter who leads the AI race
Taiwan Semiconductor Manufacturing, widely known as TSMC, is the world's leading semiconductor manufacturer, making about 70% of all processors and nearly 90% of all advanced processors. Essentially, if a large tech company needs AI processors made, it's going to hire TSMC.
That's been a huge boon to the company's chip manufacturing business over the past few years (sales rose 32% in 2025 to $121 billion), and there could be more growth on the way as tech giants boost demand for AI processors. The company estimates that by 2030, the global chip market will be worth $1.5 trillion, with AI processors leading the demand.
One of the unique angles TSMC has in AI is that it benefits from all of the AI processor demand, regardless of who is leading the race. Whether OpenAI, Anthropic, Meta Platforms, Alphabet, or some new AI start-up buys up piles of AI processors, they'll likely be placing their orders through TSMC.
Alphabet's AI ubiquity is already hard to ignore
Alphabet is taking a leading role in AI through its fast-growing Gemini AI model. The company has grown its user base by more than double over the past year to more than 900 million users.
While Gemini may not be as popular as OpenAI's ChatGPT and Anthropic's Claude, I don't think Alphabet has to have the dominant model to benefit from AI. Consider that Alphabet already attributed the 63% growth in Google Cloud sales (reaching $20 billion) in the first quarter to its expanding AI services.
What's more, Gemini is now implemented across many of Alphabet's services, including YouTube, advertising, Search, Google Workspace, and more. With such a massive reach among its large user base, Alphabet can play the long game with AI and slowly raise prices or introduce new tiers with more AI features to boost revenue.
And investors are already seeing Gemini directly make money for Alphabet. Apple is using Gemini as a core part of its AI model for the new version of Siri and will pay Alphabet a reported $1 billion annually to use it.
Nvidia will likely remain king of AI processors for years
After years of being at the top of many AI investors' buy lists, it may seem odd to continue beating the buy Nvidia drum. But even amid rising competition, Nvidia remains the leading AI processor company. Nvidia has about 86% of the AI data center revenue market share, leaving rival AMD with just 7%.
And Nvidia's sales and earnings continue to impress. Revenue rose 85% in the most recent quarter to nearly $82 billion, and diluted non-GAAP (generally accepted accounting principles) earnings popped 140% to $1.87 per share.
Nvidia's shares are also relatively inexpensive compared to many other AI stocks. Nvidia stock has a price-to-earnings (P/E) ratio of about 30 right now, compared to 150 for AMD and 62 for Broadcom.
What's more, I think there could be higher demand for Nvidia's processors in the near future as robotics and autonomy industries take off. Nvidia believes there could be millions of humanoid robots in the coming decades that will need high-end processors, and RBC analyst Toom Narayan believes the robotics industry could be worth $9 trillion by 2050.
When you add it all up, Nvidia still looks like a great long-term AI play.
Should you buy stock in Taiwan Semiconductor Manufacturing right now?
Before you buy stock in Taiwan Semiconductor Manufacturing, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Taiwan Semiconductor Manufacturing wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $433,268!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,259,391!*
Now, it’s worth noting Stock Advisor’s total average return is 935% — a market-crushing outperformance compared to 207% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of June 14, 2026.
Chris Neiger has positions in Apple. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Apple, Broadcom, Meta Platforms, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

3 AI Stocks Poised for Long-Term Gains Despite Strong Year-to-Date Performance

Key Points
At one point, Apple made up half of Berkshire Hathaway's investment portfolio.
Had Berkshire not sold Apple stock, its stake would have increased by $90 billion.
Apple (NASDAQ: AAPL) has long been the biggest name in the Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) portfolio. Berkshire's now-retired leader, Warren Buffett, often spoke glowingly about Apple and its ecosystem, calling it an "extraordinary consumer franchise" with massive brand loyalty. In 2020, he went even further, calling Apple "probably the best business I know in the world."
But Buffett spent the last few years of his time as Berkshire Hathaway's CEO divesting the conglomerate of Apple. In mid-2023, Berkshire had 914,560,382 shares of Apple stock. At the time, it was trading at $193.97 per share, and Berkshire's total Apple stock holding was valued at $177.39 billion.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Today, Berkshire Hathaway has 227,917,808 shares, with a total market capitalization of $66.35 billion. It's still a sizable stake, accounting for 20% of Berkshire's portfolio, but that's a long way from the roughly 50% weighting it used to have.
But here's where things get really interesting -- Apple stock price has risen 50% since Berkshire began selling its shares. And had Buffett kept all of that Apple stock, Berkshire's position would be worth roughly $267.34 billion today -- a gain of nearly $90 billion.
Nobody likes to leave money on the table, and Buffett said in April that he believes he sold Apple stock "too soon." But was Buffett right to sell Apple stock at all?
I think the answer is clear. And after the recent Worldwide Developers Conference (WWDC), I'm even more firmly convinced.
WWDC was underwhelming
Apple's WWDC is an annual event where the smartphone maker regularly unveils new products and long-awaited updates. Investors and customers have long been waiting for Apple to get more involved in artificial intelligence (AI) -- its Siri chatbot was cutting-edge when it launched more than a decade ago, but its limitations have become clear as generative AI chatbots have become more common.
This year, Apple finally introduced Siri AI, an advanced version of its digital personal assistant. Apple calls it a "profoundly more intelligent, knowledgeable, and capable Siri" that can answer questions about content on users' screens, search across apps, and get real-time information from websites.
However, the app failed to wow investors and analysts, and it won't even be available to all Apple customers -- users in the European Union and China won't get Siri AI this fall. Shares of Apple ended up falling more than 5% for the week -- surely not the response that Apple executives had hoped for.
Buffett was right
For the record, Buffett is still a big fan of Apple stock and the company's management. But portfolio management is important, and Berkshire Hathaway was badly overexposed to Apple, leaving it tremendously vulnerable should something have happened to the company.
"I'm very happy to have it be our largest holding," Buffett said in April. "I was not happy to have it be as large as almost everything else combined."
And selling Apple has allowed Berkshire Hathaway to make other purchases that will be important for the company. It opened a large position in Alphabet, buying $20 billion in shares and agreeing to purchase another $10 billion through a private placement. The conglomerate has also picked up shares of Macy's and Delta Air Lines, and increased its stake in The New York Times.
Buffett and Berkshire's new CEO, Greg Abel, know the importance of portfolio diversification. Even though Apple stock is up big since mid-2023, selling the stock was the right move. WWDC reinforces that Berkshire was wise to reduce its exposure rather than being so heavily concentrated in a single company.
Should you buy stock in Apple right now?
Before you buy stock in Apple, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Apple wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $433,268!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,259,391!*
Now, it’s worth noting Stock Advisor’s total average return is 935% — a market-crushing outperformance compared to 207% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
Patrick Sanders has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Apple, Berkshire Hathaway, and The New York Times Co. The Motley Fool recommends Delta Air Lines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Given the News Out of WWDC, Was Warren Buffett Right to Sell Apple Stock?

Key Points
Most S&P 500 index funds are market-cap weighted.
An alternative approach is an equal-weighted fund.
Both can serve you well, and one looks less risky.
What's the investment I've recommended most often for most people? A low-fee exchange-traded fund (ETF) that tracks the S&P 500 index, such as the Vanguard S&P 500 ETF (NYSEMKT: VOO) or the SPDR S&P 500 ETF (NYSEMKT: SPY). I suspect many of my colleagues would say the same. Even Warren Buffett has recommended it. In his 2016 letter to shareholders, he noted, "Over the years, I've often been asked for investment advice... My regular recommendation has been a low-cost S&P 500 index fund."
So I'm sorry to point out that it's not a perfect kind of investment. It has some issues.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
What's wrong with the S&P 500?
Here's a big one: It's way more concentrated than most people realize. For example, check out its recent top 10 components:
Company
Weight in S&P 500
Nvidia
7.43%
Alphabet (A and C share classes)
6.59%
Apple
6.48%
Microsoft
4.35%
Amazon.com
3.92%
Broadcom
2.74%
Tesla
2.26%
Meta Platforms
2.17%
Micron Technology
1.65%
Berkshire Hathaway
1.56%
Those weightings may not seem huge until you remember that there are about 490 other companies. These 10 above represent about 2% of the index's holdings but 39% of its total value. So if you invest in the S&P 500 because it's a great way to be quickly and easily invested in 500 of America's biggest companies, you are invested in those companies, but more than a third of your investment is in these 10 companies alone.
Here are the weightings of some other companies:
Company
Rank in S&P 500
Weight in S&P 500
McDonald's
54
0.30%
PepsiCo
59
0.29%
Pfizer
80
0.22%
Kroger
261
0.06%
Clorox
468
0.02%
As you can see, you won't have much invested in the vast majority of the companies.
That can be OK, though. Maybe you like those tech heavyweights in the top 10 -- which include all of the "Magnificent Seven" stocks (Apple, Amazon, Alphabet, Meta Platforms, Microsoft, Nvidia, and Tesla). Maybe you want to invest in the 500 companies, with most of your money going to the biggest. After all, most of them have grown very rapidly over the past few years.
Keep in mind, though, that when there's a stock market crash or correction, as there invariably is now and then, those high-flying growth stocks are often the ones that fall harder. That, too, can be OK as long as you have a very long-term investing period. But it's not ideal.
Is there a better alternative to the S&P 500?
There is an alternative to standard S&P 500 index funds that's worth considering: An equal-weighted one. Standard ones are weighted by market cap, meaning the larger a company's market cap, the greater its weighting. The Invesco S&P 500 Equal Weight ETF (NYSEMKT: RSP), in contrast, is equal-weighted. The 500 components are rebalanced quarterly, so between rebalancings you'll see fluctuations in the weightings as various stocks gain or lose value from day to day and year to year. Check out its recent top 10 holdings:
Company
Weighting
Dell Technologies
0.48%
SanDisk
0.48%
Intel
0.42%
Advanced Micro Devices
0.42%
Humana
0.40%
Micron Technology
0.40%
Hewlett Packard Enterprise
0.40%
Seagate Technology
0.40%
ON Semiconductor
0.35%
Western Digital
0.35%
Note that Micron Technology appears in both top 10 lists, but in the earlier one, it has a 1.67% weighting, while in the fund above, it has a much lower weighting of 0.35%. This kind of index fund has you much more invested in the other 490 stocks beyond the top 10 -- though, of course, each stock has a relatively minor weighting. But every promising stock will have an equal chance of outperforming for you.
An equal-weighted S&P 500 ETF may not grow as fast as a market-cap-weighted one, but during a market downturn, it may hold its value a bit more. Over the past 15 years, this ETF has averaged annual gains of about 12%, while the Vanguard S&P 500 ETF has averaged 14.4%. There's a trade-off, but it's not enormous. Give equal-weighted S&P 500 index funds some consideration.
Should you buy stock in Vanguard S&P 500 ETF right now?
Before you buy stock in Vanguard S&P 500 ETF, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Vanguard S&P 500 ETF wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $433,268!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,259,391!*
Now, it’s worth noting Stock Advisor’s total average return is 935% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
Selena Maranjian has positions in Advanced Micro Devices, Alphabet, Amazon, Apple, Berkshire Hathaway, Broadcom, Meta Platforms, Micron Technology, Microsoft, Nvidia, and Pfizer. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Apple, Berkshire Hathaway, Broadcom, Hewlett Packard Enterprise, Intel, Meta Platforms, Micron Technology, Microsoft, Nvidia, Pfizer, Tesla, Vanguard S&P 500 ETF, and Western Digital. The Motley Fool recommends Kroger and ON Semiconductor and recommends the following options: long January 2028 $320 calls on McDonald's and short January 2028 $340 calls on McDonald's. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Have S&P 500 Index Funds, Often Touted as the Best Stock Investments, Become Dangerous? There's a Worrisome Development -- and a Possibly Better Alternative.

Key Points
Microsoft looks like a huge bargain compared to SpaceX.
Nebius Group is growing far faster than SpaceX.
Nvidia provides a combination of growth and value that SpaceX doesn't offer.
Space Exploration Technologies (NASDAQ: SPCX), known as SpaceX, is attracting a lot of attention, as it should. It's the largest IPO the world has ever seen, led by the visionary Elon Musk. Although Musk may be a polarizing figure, there's no denying the success he's delivered to investors so far through Tesla.
While investors may want Tesla-like returns, achieving them with SpaceX will be nearly impossible given its sheer size. Instead, I think investors should focus on other stocks that look like great values or are growing at lightspeed. These all appear to be better investments than SpaceX and will make investors far more money over the next few years.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
1. Microsoft
Microsoft (NASDAQ: MSFT) may sound like a boring old investment, which may be partially true. However, it has a few things going for it.
First, it's well off its all-time highs. The market has turned sour on Microsoft's stock despite the company's excellence in many areas, specifically in artificial intelligence (AI). Its AI product lineup grew annual recurring revenue by 123% to $37 billion during its most recent quarter.
Additionally, its cloud computing division, Azure, increased revenue by 40%. Overall, Microsoft's quarterly revenue rose at an 18% pace to $82.9 billion. For reference, SpaceX's 2025 revenue totaled $18.7 billion, up 33%.
Microsoft is also attractively valued, trading at one of the lowest price-to-earnings (P/E) ratios the market has seen in a while.
While SpaceX may be the flashy stock, Microsoft is the workhorse that will deliver for investors over the long term. As a result, I think it's an excellent buy right now.
2. Nebius Group
If Microsoft is growing too slowly for your liking, Nebius (NASDAQ: NBIS) might be a better pick. In one aspect, Nebius and SpaceX may be head-to-head competitors.
Nebius is a neocloud company specializing in AI-ready cloud computing. Part of SpaceX's business plan is to launch AI data centers into space, and whether it's a success remains to be seen.
One thing that isn't up for debate is Nebius's success right now. In the first quarter, it grew revenue by 684% year over year. That's not the end of it, either. Wall Street analysts expect 550% revenue growth for 2026 and 225% in 2027. SpaceX can only dream of growth like that, and it doesn't have any divisions remotely close to Nebius's growth rate.
I think Nebius is primed to continue growing rapidly and will easily outpace SpaceX over the next few years, making it a better stock pick.
3. Nvidia
If you're looking for a combination of growth and value, then Nvidia (NASDAQ: NVDA) is your ticket.
The world's largest company makes GPUs that power AI workloads in data centers. It's growing at a remarkable pace right now and is expected to keep that up for some time. For fiscal year (FY) 2027 (ending January 2027), Wall Street analysts expect 81% growth and 41% in FY 2028. Those are both faster growth rates than SpaceX is currently growing, and Nvidia can also be purchased at a pretty attractive valuation.
At 31 times earnings, it's not particularly expensive, especially compared to other tech stocks like Apple and Amazon, which trade at 36 and 29 times earnings, respectively. Neither of these (or any other big tech stock, including SpaceX) has growth remotely close to Nvidia.
Nvidia is a rare combination of growth and value and will likely result in huge returns. I think it will easily outperform SpaceX moving forward, and I'm putting my money there instead of the latest hot IPO.
Don’t miss this second chance at a potentially lucrative opportunity
Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.
On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:
Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $532,856!*
Apple: if you invested $1,000 when we doubled down in 2008, you’d have $55,487!*
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Right now, we’re issuing “Double Down” alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon.
*Stock Advisor returns as of June 14, 2026.
Keithen Drury has positions in Amazon, Microsoft, Nebius Group, Nvidia, and Tesla. The Motley Fool has positions in and recommends Amazon, Apple, Microsoft, Nvidia, and Tesla. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

3 Genius Stocks I'm Buying Instead of the SpaceX IPO

Key Points
Alphabet is issuing stock to help fund its massive AI spending plans.
AI seems to be generating positive returns across Alphabet's various businesses.
The raise will dilute shareholders, so investors probably don't want to see this become a habit.
Tech giant and Google parent company Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) has spent billions of dollars buying back its stock over the past decade. But Alphabet is reversing course in a big way, announcing a massive $84.75 billion equity offering earlier this month.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
In other words, Alphabet is selling new shares of stock to raise capital to fund its artificial intelligence (AI) investments. Alphabet has primarily funded its AI spending over the past several years with cash flow. Now, the company is pulling out the stops to win the AI war it's waging with other hyperscalers, including OpenAI and Anthropic. Alphabet plans to spend $180 billion to $190 billion this year alone.
However, it's not clear right now whether that's something investors should celebrate or fear. The AI equity raise could have two implications for Alphabet stock.
1. Alphabet is seeing AI's early returns and leaning in
The AI boom really began to pick up steam in 2023, and you can see how Alphabet's capital expenditures have continued to grow since then. The company developed its Gemini AI models, launched an app to compete with ChatGPT, and integrated Gemini AI across Google Search and other products and services.
At this point, Alphabet seems to be seeing positive returns from AI across its business. AI has boosted its cloud computing business, helped Waymo grow, and is enabling Google Search to remain relevant in the AI era.
Additionally, Alphabet reached an agreement with Apple earlier this year to power its next-generation frontier AI models with Gemini. There are roughly 2.5 billion active iOS devices worldwide, so this is a massive lift that naturally will require more AI infrastructure to support it. So, the positive angle here is that Alphabet can justify this AI spending with years of growth ahead.
2. Investors are now paying Alphabet's AI bill
The unfortunate aspect of this is the shift in funding strategy. It's one thing to use cash profits to build out AI, but the equity raise means that existing shareholders will see their stock diluted. To be fair, the near-term dilution is relatively minor. The $84.75 billion equity raise only represents about 2% of Alphabet's current $4.3 trillion market cap.
Alphabet's balance sheet leverage is only 0.33 times its EBITDA (earnings before interest, taxes, depreciation, and amortization), so the company could easily afford to take on that debt. But it could be that management felt a 2% dilution was cheaper than paying interest on that debt.
Investors probably don't want to see Alphabet make this a long-term habit, as those raises could add up to significant dilution over the years. Remember, issuing new shares also means the company is paying dividends on those shares. That said, this equity raise should raise no red flags right now, since the upside AI offers is too great an opportunity to pass up.
Should you buy stock in Alphabet right now?
Before you buy stock in Alphabet, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Alphabet wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $433,268!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,259,391!*
Now, it’s worth noting Stock Advisor’s total average return is 935% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of June 14, 2026.
Justin Pope has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet and Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alphabet is Raising $84.75 Billion to Win the AI Wars. Should Investors Celebrate or Worry?

Apple's (NASDAQ: AAPL) ability to boost profitability without any major product innovation is encouraging to investors.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
*Stock prices used were the afternoon prices of June 10, 2026. The video was published on June 12, 2026.
Should you buy stock in Apple right now?
Before you buy stock in Apple, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Apple wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $433,268!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,259,391!*
Now, it’s worth noting Stock Advisor’s total average return is 935% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of June 13, 2026.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Apple Stock Analysis: Buy or Sell After WWDC?

Key Points
Bank of America moved Intel straight from its most bearish rating to its most bullish, skipping the middle.
The thesis centers on AI shifting more spending toward central processors and chip manufacturing.
After more than tripling in 2026, the stock already reflects a lot of optimism.
Most analyst rating changes move a single notch. So when one of the more closely followed semiconductor analysts skips the middle rating and jumps two rungs at once, it's worth a closer look -- not necessarily as a reason to buy, but as a window into how the thinking around artificial intelligence (AI) spending may be changing.
That's what happened on June 11, when Bank of America's Vivek Arya double-upgraded Intel (NASDAQ: INTC) to buy from underperform, lifting his price target to $135 from $96. Banks tend to reserve a move like that for moments when the thesis they had been betting against breaks. And it came after Intel had already more than tripled in 2026 -- less a call on a forgotten stock than a bet that the turnaround has further to run.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Intel shares rose about 6% in the following session, closing near $125 as of this writing.
The more useful question isn't whether the target is right. It's what the upgrade says about the next phase of the AI trade.
The case for the CPU
For most of the AI boom, the story has been about graphics processing units (GPUs) -- the chips that train large models. Central processors, Intel's historical stronghold, were an afterthought. The upgrade rests on the idea that this is starting to change.
The argument goes like this: as companies build "agentic" systems in which software agents carry out tasks independently, incremental work shifts to the central processors to coordinate those agents.
If that shift plays out, the market for server processors will get much bigger. Indeed, Bank of America now pegs the market at more than $170 billion by 2030, up from a prior estimate of around $125 billion, and sees Intel capturing roughly a quarter of it.
Intel's own recent numbers lend the idea some support.
In the first quarter of 2026 (the period ended March 28, 2026), the company's data center and AI revenue rose 22% year over year to about $5.1 billion -- easily the fastest-growing of its three main segments, well ahead of the 1% growth in its client computing group, which sells PC chips.
And management is describing the central processor in much the same terms.
"In recent months, we have seen clear signs that the CPU is reasserting itself as the indispensable foundation of the AI era," said Intel CEO Lip-Bu Tan in the company's first-quarterearnings call
A risky foundry business
The second part of the upgrade is about manufacturing.
Intel is trying to become a more formidable contract chipmaker, producing chips for others the way Taiwan Semiconductor does -- a business it calls its foundry. This, however, is the higher-risk, higher-reward part of the story. Bank of America pointed to a pipeline of potential outside customers, including reported work on Apple's chips and MediaTek's processors. If even a few of those deals scale, the foundry could grow from a rounding error into a real second engine.
But Intel isn't there yet. Intel's external foundry revenue -- the part that comes from outside customers rather than its own products -- was just $174 million in the first quarter. And the foundry segment as a whole is still losing billions of dollars a year as Intel spends heavily to build out advanced manufacturing. And closing the gap with Taiwan Semiconductor is something Intel has tried and stumbled at before.
Then there's the price. Intel trades at well over 100 times its expected earnings for the next year. A valuation like this leaves little room for error, assuming both the agentic-processor shift and the foundry turnaround unfold with very few blips along the way.
So, what do I make of all this?
The rotation Bank of America is describing looks real and underappreciated -- the idea that AI's next phase pulls spending back toward the processors and manufacturing capacity Intel is built around. But a compelling thesis and an attractive entry price are different things. After more than tripling this year, the stock has arguably already priced in much of that optimism, and the bar it now has to clear is far higher than it was a few months ago. I'd want to see Intel's foundry business make more meaningful progress on its pipeline before treating the stock as a buy here. Sure, the shift may be coming. But the stock apparently isn't waiting around for proof.
Should you buy stock in Intel right now?
Before you buy stock in Intel, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Intel wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $433,268!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,259,391!*
Now, it’s worth noting Stock Advisor’s total average return is 935% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of June 13, 2026.
Bank of America is an advertising partner of Motley Fool Money. Daniel Sparks and his clients have positions in Apple. The Motley Fool has positions in and recommends Apple, Intel, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Intel Just Got a Rare Double Upgrade From Bank of America. Here's the AI Shift Behind the Call.

Key Points
Apple's capital expenditures totaled about $12.7 billion in fiscal 2025, a fraction of its mega-cap peers' spending.
The company announced a new $100 billion share repurchase program in April.
AI infrastructure stocks have sold off this month on spending and financing concerns.
Some of the technology world's biggest spenders had a rough week. Oracle sank by a double-digit percentage after pairing record quarterly results with plans to raise tens of billions of dollars in additional financing for its artificial intelligence (AI) data center build-out. Chip stocks fell hard, too, as investors questioned when all of this spending starts paying for itself.
Some investors may think the best way to diversify away from these AI companies is to venture beyond tech. But I actually think one of tech's biggest names offers some good balance to stocks like this. I'm talking bout the $4.3 trillion iPhone-maker: Apple (NASDAQ: AAPL).
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Apple has been flagged by some investors in recent years as behind "behind" on AI as other tech giants spend far more to capitalize on opportunities in the AI era. But what if this is actually a strength?
A spending gap in the hundreds of billions
Apple's capital expenditures in fiscal 2025 (the period ended Sept. 27, 2025) totaled about $12.7 billion. Its mega-cap peers -- Microsoft, Alphabet, Meta Platforms, and Amazon -- combined to spend more than $400 billion on the same line item in calendar 2025.
And the gap is set to widen. Amazon alone expects its capital spending to reach about $200 billion this year -- about 16 times what Apple spent in its most recent fiscal year.
But this doesn't mean Apple is ignoring AI. The company is simply approaching it differently. At its developers conference on Monday, Apple unveiled its long-awaited Siri overhaul, powered by Alphabet's Gemini models under a partnership that reportedly costs about $1 billion per year, with the new software arriving this fall. Additionally, Apple's AI effort seems to run largely through its operating budget: research and development spending was $34.6 billion in fiscal 2025 -- nearly three times its capital expenditures -- and it climbed 33% year over year in the company's most recent quarter.
And while peers borrow to build, Apple keeps handing cash back to shareholders. Alongside its fiscal second-quarter results in April (the period ended March 28, 2026), the company announced a new $100 billion share repurchase authorization and raised its dividend 4%. The quarter itself was Apple's best March quarter ever, with revenue climbing 17% year over year to $111.2 billion and earnings per share jumping 22%.
"Our strong business performance during the March quarter generated over $28 billion in operating cash flow and drove new March quarter records for both operating cash flow and EPS," said Apple chief financial officer Kevan Parekh in the company's fiscal second-quarter earnings release.
In other words, the cash that rivals are pouring into data centers is, at Apple, still flowing to shareholders.
The case against patience
Of course, there's a less flattering version of this story.
Apple's revamped Siri runs on models built by a direct rival rather than on technology Apple owns. If AI assistants become the main way people interact with their devices, depending on Alphabet for that critical layer could prove costly. The rival, in effect, now sits inside the product Apple's customers talk to.
And the stakes are enormous. Apple's installed base has surpassed 2.5 billion active devices. That base is a key part of the company's moat -- and it's also what could erode if a competitor's assistant becomes the one consumers actually prefer.
What to watch
Investors should watch two things from here.
The first is how quickly users embrace the new Siri once it ships this fall. This could be revealed in any management commentary in the first quarterlyearnings callfollowing the release of Siri AI.
The second main factor to watch is whether iPhone and services momentum holds up in the upcoming quarterly reports. Sustained double-digit growth in both iPhone and services revenue would suggest customers are buying into Apple's AI strategy.
For now, I think the past week strengthens Apple's case.
Restraint can look like timidity when AI infrastructure stocks are soaring. But when the market starts questioning the spenders' debt loads and cash burn, that same restraint starts to look like discipline. Sure, Apple may still need to prove it can deliver great AI experiences. But isn't letting someone else shoulder hundreds of billions in spending -- while you keep the customer relationship -- the kind of position most businesses dream of?
Should you buy stock in Apple right now?
Before you buy stock in Apple, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Apple wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $433,268!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,259,391!*
Now, it’s worth noting Stock Advisor’s total average return is 935% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of June 13, 2026.
Daniel Sparks and his clients have positions in Apple. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, and Oracle. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Apple Is Mostly Sitting Out the AI Spending Arms Race. With AI Stocks Selling Off, That Suddenly Looks Smart.

Key Points
SpaceX just raised $75 billion in new capital in the largest IPO ever.
Nvidia and Alphabet could be big winners of the public debut.
There are several other suppliers and partners that could benefit as well.
SpaceX (NASDAQ: SPCX) just went public in the largest IPO of all time, raising $75 billion at a valuation of nearly $1.8 trillion. Many investors are excited to finally own a piece of the Starlink satellite internet business, SpaceX's dominant rocket launch business, and the high-potential xAI artificial intelligence business.
However, the story here goes beyond how SpaceX stock will perform as a publicly traded company. It's important for investors to keep in mind that SpaceX just raised $75 billion in fresh capital, and with big growth ambitions, the company will deploy it into AI computing hardware, rocket and satellite parts, and more. And there are some publicly traded companies that could be big winners now that such a big customer has much deeper pockets.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
With that in mind, here are five companies in particular that could be big beneficiaries of SpaceX's IPO windfall for years to come.
5 Companies that could make billions now that SpaceX is public
To be clear, there are more than just five. SpaceX buys components from dozens of companies, and many others are likely to get secondary tailwinds from the IPO. But here are five in particular that investors might want to take a closer look at.
1. Alphabet
Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) could be a big winner from the SpaceX IPO, but not because SpaceX is a major customer. Alphabet made a $900 million investment in SpaceX in 2015, when SpaceX had a $12 billion valuation. At the IPO valuation, Alphabet's stake is worth about $150 billion. That's already an incredible return, but if SpaceX's stock were to rise post-IPO, it could become a serious needle-mover for the Google parent company.
2. Nvidia
You've probably heard about SpaceX's deals to provide compute infrastructure to Anthropic and Google, which will require SpaceX to continue purchasing hundreds of thousands of GPUs and other AI computing components. And I wouldn't be surprised to see further compute deals announced, creating an excellent recurring revenue stream for SpaceX. Nvidia (NASDAQ: NVDA) is likely the most direct beneficiary of SpaceX's deeper pockets post-IPO.
3. Moog
Now we're starting to dig a little deeper. Moog (NYSE: MOGA) is the leader in precision motion control systems for the aviation, space, and defense industries. The company provides essential components for many satellites, and once Starship improves SpaceX's launch economics, the volume of new satellite deployments could increase rapidly.
4. Kratos Defense & Security
Kratos Defense & Security (NASDAQ: KTOS) is best known for its unmanned aerial vehicles (drones), but it also offers the only commercially available satellite ground system, OpenSpace. Even if Kratos doesn't get a direct SpaceX contract, it is a clear beneficiary as the commercial satellite economy accelerates.
5. Intel
To say that Intel (NASDAQ: INTC) has been a big winner recently would be an understatement. The company has benefited from an investment from the U.S. government and partnerships with Nvidia, Apple (NASDAQ: AAPL), and other tech giants. Investors have been handsomely rewarded, with the stock up about 500% over the past year alone. However, it's also worth noting that Intel has a close relationship with both SpaceX and Tesla (NASDAQ: TSLA) as a key Terafab partner. Specifically, Terafab will use Intel's next-generation fabrication technology, and the capital SpaceX raised in its IPO could be a major source of funding to get the Terafab project going.
The bottom line
As mentioned, there could be plenty of winners from the SpaceX IPO. But these are five companies that should be major beneficiaries of SpaceX's massive infusion of capital for years to come, and they could be worth a look for patient investors.
Should you buy stock in Alphabet right now?
Before you buy stock in Alphabet, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Alphabet wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $438,283!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,257,427!*
Now, it’s worth noting Stock Advisor’s total average return is 938% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of June 13, 2026.
Matt Frankel, CFP® has positions in Kratos Defense & Security Solutions. The Motley Fool has positions in and recommends Alphabet, Apple, Intel, Kratos Defense & Security Solutions, Moog, Nvidia, and Tesla. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SpaceX Just Went Public. These 5 Other Publicly Traded Companies Could Be the Biggest Winners.

Key Points
Data center CPUs will be the next AI market to boom.
Chip stock investors have multiple ways to win.
Semiconductor stocks jumped on Friday, as more Wall Street analysts highlighted the staggering growth potential of the AI infrastructure industry.
Here's how some of the top chip stocks performed:
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
The agentic AI era approaches
Analysts at Bank of America expect the global server central processing unit (CPU) market to grow almost fivefold to over $170 billion by 2030, driven by a forthcoming boom in agentic AI applications.
While AI model training largely relies on graphics processing units (GPUs) designed by the likes of Nvidia, CPUs perform well during certain segments of AI agent workflows, such as control logic, plan execution, coordination, and scheduling.
Intel and AMD dominate the server CPU market, making them well-positioned to profit from this global megatrend. Yet Arm also stands to benefit. The chip architecture developer recently unveiled its new AGI CPU, which is specifically designed to power next-gen AI infrastructure.
More ways for investors to profit
Bank of America's analysts are also optimistic about Intel's foundry business. In addition to designing and building its own chips, Intel has opened its chip manufacturing services to other tech giants. Intel is reportedly in discussions with Apple to potentially make some of the chips in its popular devices.
Meanwhile, analysts at Citigroup believe AMD could wrestle away some market share from Nvidia in the GPU arena, driven in part by its chip supply deals with social media and AI powerhouse Meta Platforms.
Should you buy stock in Advanced Micro Devices right now?
Before you buy stock in Advanced Micro Devices, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Advanced Micro Devices wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $438,283!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,257,427!*
Now, it’s worth noting Stock Advisor’s total average return is 938% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of June 12, 2026.
Bank of America is an advertising partner of Motley Fool Money. Citigroup is an advertising partner of Motley Fool Money. Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Intel, Meta Platforms, and Nvidia. The Motley Fool recommends Arm Holdings. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	35.46 35.46
Price/Sales	9.61 2.77
P/B	44.04 2.91
P/FCF	33.83 25.03

Indicator	TTM Median
ROE	159.94 15.13
ROA	33.62 6.50
ROI	77.16 10.23
Net Worth	4.15K 1.08
Quick Ratio	0.94 1.58
Current Ratio	0.97 1.90

Indicator	TTM Median
Net Profit Margin	27.04 9.72
Operating Margin	32.38 10.76
Gross Margin	47.33 49.62
Return on tangible equity	159.94 28.32

Indicator	TTM Median
EPS	2.01 0.27
EPS Forecast	1.92 0.23
Revenue	143.76B 74.50M
Gross Profit	69.23B —
EBITDA	54.07B —

Apple Inc.

Recent quarterly and TTM performance

Valuation

Debts

Efficiency

Other ratios

Revenue