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Don’t Be Crazy
Porter's Journal Issue #2, Volume #2
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Don’t Embrace The Bubble
This is Porter & Co.’s free e-letter, the Daily Journal. Paid-up members can access their subscriber materials, including our latest recommendations and our “3 Best Buys” for our different portfolios, by going here.
Table of Contents
Three Things You Need To Know Now:
1. AI underperformance makes Apple shares vulnerable. The new artificial-intelligence (“AI”) features released in the latest iPhone models have been plagued by setbacks (including a text summarization feature that translated one woman’s message of “hike almost killed me!” to “attempted suicide, but recovered”). Apple shares are at a record-high valuation in part because of escalating expectations of an AI-powered “supercycle” in new iPhone demand. As we said in July, Apple will need to up its AI game – soon – to prevent some serious disappointment, to the detriment of the share price.
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