Apple Price Hike Wipes Over One Trillion From Asian Stocks

In this episode, we discuss the Apple price hike that wiped over one trillion dollars from Asian stocks, OpenAI delaying its IPO to next year, and hot May PCE inflation data.

0:00:00 Introduction

0:00:43 Crypto Headlines and Web3 Roundup

0:06:46 Apple Price Increases and the Memory Demand Question

0:11:48 Reselling Maxed Out Macs on the Secondary Market

0:15:13 A Permanent Underclass and Access to AI

0:18:28 Over One Trillion Wiped From Asian Stocks

0:21:48 Fourteen Circuit Breakers and Leveraged Chip ETFs

0:29:52 May PCE Inflation and the Fed Two Percent Target

0:33:29 Is Apple Oversold After the Six Percent Drop

0:37:16 Going Long Apple at Two Seventy Six

0:42:30 Phunky on Apple as a Veblen Luxury Good

0:46:58 OpenAI Pushes Its IPO to Next Year

0:51:12 Why AI Models Struggle to Capture Value

0:58:45 SoftBank's Drop and the Government Push Into AI

1:02:48 The SoftBank Goose and Golden Egg Slide

The content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.