Apple wows tech crowd with new chips, Wall Street yawns – TechCrunch

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Hi there once more, and welcome again to TechCrunch’s running series of posts discussing how the general public markets hardly ever give even half of a spare fuck regarding what Apple declares at its occasions.

Certainly, Apple’s inventory appears to be much more labile to external occasions than from internally sourced bulletins; uncommon is the case wherein Apple’s inventory really picks up floor in distinction to the Nasdaq Composite throughout its press-friendly announce-a-thons.

Which by no means ceases to astound us considerably. Maybe Apple’s occasions are so well-leaked as of late that new merchandise are baked into its worth?

That argument is probably mandatory however not enough in market phrases — participatory however not full? — as Apple did break some news immediately concerning its line of PC chips. Sure, Apple did element the new M1 Professional, however it additionally blew quite a lot of minds with its M1 Max chip. Certain, the title is a bucket of boomer cringe, however the chip itself seems to be an extremely spectacular feat. And Apple is baking the new chips into a spread of computer systems which have price factors above expectations.

Sitting right here, I’m considering: Killer new {hardware}, and doubtlessly increased per-computer income? Sounds good, proper? And but, Apple’s inventory just about tracked the Nasdaq throughout its occasion, which passed off between the hours of 1 pm and 2 pm within the following chart:

The one notable factor of that chart is that Apple’s preliminary declines after 1 pm struck have been sharper than what the bigger Nasdaq tech assortment managed. However then Apple recovered extra sharply, leaving all the buying and selling interval basically a wash — Apple gained floor simply as tech shares did. Wee.

If I used to be an Apple engineer, I’d be furious. Look, world, behold chips which might be really actually good. All these years, Intel was screwing over the market by placing out bilge when this was doable! And but Wall Street is exactly and precisely not impressed.


Apple October Event 2021

Source : TechCrunch