ME News reports that on July 30 (UTC+8), Apple will release its earnings report after the close of U.S. markets on Thursday, with investors closely watching whether it can continue its strong performance as a beneficiary of the “anti-capex AI trade.” Since the beginning of this year, Apple’s stock has risen 24%, outperforming all other members of the “Big Seven Tech” and repeatedly surpassing a $5 trillion market capitalization. Analysts believe investors, concerned about the returns on massive AI capital expenditures, have shifted capital toward Apple, which requires relatively lower capex. However, Apple’s forward 12-month P/E ratio has now risen to approximately 35 times, a level not seen since 2008. Meanwhile, rising storage chip costs and pressure on profit margins may be key focus areas for this earnings report. (Source: ODAILY)
Apple's Q2 Earnings to Test the Logic of the 'AI Anti-Capex Trade,' with High Valuation and Profit Margins in Focus
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Summary
Apple is scheduled to report Q2 earnings after U.S. markets close on July 30 (UTC+8), with investors closely monitoring for signs of sustained strength amid the "AI anti-capex trade." The stock has risen 24% year-to-date, outperforming the "Big Seven Tech" group and reaching a $5 trillion market cap. Analysts note a shift toward Apple due to concerns over AI capital returns. However, the forward 12-month P/E ratio has reached a 16-year high of 35x, and rising storage costs and margin pressures remain key concerns. Amid mixed signals, altcoins to watch may reflect movements in the Fear & Greed Index.
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