With stocks wobbling in the past week over potential AI valuation worries, investors might have noticed that much of the Magnificent Seven has been increasingly choppy while Apple ( NASDAQ:AAPL) has acted like a steady rock, holding its ground at around $270 per share. While the positive initial post-earnings reaction has faded, I do think that investors have a lot to look forward to as the strong early demand for iPhone 17 translates into something bigger as we head into the holiday season.
Michael Burry made significant portfolio changes in the second quarter by swapping bearish put options for bullish call options, indicating a shift towards more optimistic stock positions.