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 Introduction0:00:43 Crypto Headlines and Web3 Roundup0:06:46 Apple Price Increases and the Memory Demand Question0:11:48 Reselling Maxed Out Macs on the Secondary Market0:15:13 A Permanent Underclass and Access to AI0:18:28 Over One Trillion Wiped From Asian Stocks0:21:48 Fourteen Circuit Breakers and Leveraged Chip ETFs0:29:52 May PCE Inflation and the Fed Two Percent Target0:33:29 Is Apple Oversold After the Six Percent Drop0:37:16 Going Long Apple at Two Seventy Six0:42:30 Phunky on Apple as a Veblen Luxury Good0:46:58 OpenAI Pushes Its IPO to Next Year0:51:12 Why AI Models Struggle to Capture Value0:58:45 SoftBank's Drop and the Government Push Into AI1:02:48 The SoftBank Goose and Golden Egg SlideThe content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.