Youngbae Lee⚡️

Art Director🎨🖌️/Real Estate Auctions🏡 / Extensive Reading📚 / Breeder🐾🐕‍🦺 / Tesla(since 2014)Apple(since 2013)Samsung Electronics(since 2004) investor📈

[Wall St Engine @wallstengine]

China’s 🇨🇳 DRAM maker CXMT H1 Earnings:

• Revenue: $22.37B, +873.6% YoY
• Adj. net profit: $11.73B vs. $356M loss YoY
• Net profit guidance was $7.44B-$8.48B, meaning actual profit came ~36% above the high end

• Q1 net profit: $4.91B
• Operating cash flow: $19.52B

Total assets reached about $69.66B, up 39% from year-end, while shareholder equity rose to about $20.05B.

[Wall St Engine @wallstengine]

$AAPL is raising Apple TV prices in the U.S. effective today.

Monthly: $14.99 from $12.99
Annual: $119 from $99
Apple One Individual: $21.95 from $19.95

It marks Apple TV’s fourth price increase in four years, with the monthly price now 3x its original $4.99 launch price.

[Wall St Engine @wallstengine]

FED WARSH AT JACKSON HOLE (Summary):

On policy:

• He gave no timetable for a rate hike and said the speech should not be viewed as forward guidance or a formal reaction function

• Short-term interest rates remain the Fed’s main policy tool

• A “good majority” at the July meeting thought waiting was the wiser course

• Longer-term Fed task-force recommendations will have no bearing on current policy decisions

• The Fed needs market signals to remain “as unfiltered as possible”

On Macro:

• Economy “appears to have strengthened”
• Consumer spending remains healthy, labor markets stable
• Business investment is rising rapidly
• Financial conditions are hard to describe as restrictive
• Credit and loan markets show few signs of policy restraint

On inflation:

• Price stability is the Fed’s “predominant focus” right now

• Summer inflation data were better than expected, but underlying trends have not meaningfully improved

• Progress on inflation over the past two years has been modest

• Fed’s 2% PCE target is “firm and fixed”

• If the Fed cannot be confident inflation is moving toward 2% “clearly and at sufficient speed,” Warsh said “we have work to do”

• Inflation expectations remain broadly stable, but “tend to look durable until they don’t” and must be watched closely

Also:
• Wage growth is moderate, but Warsh does not view wages as a reliable predictor of future inflation

• Market pricing still shows confidence that the Fed will ultimately deliver price stability

TLDR: Warsh did not explicitly call for a hike, but he made clear that current policy does not look particularly restrictive and that persistent inflation would require the Fed to act.

[Tim Cook @tim_cook]

Our thoughts are with all those affected by the tragic flash floods and mudslides in Nepal and Tibet. Apple is making a donation to support relief and rebuilding efforts on the ground.

[Tim Cook @tim_cook]

Today’s agenda at Apple Park: Introduce the @Pokemon team to John, talk gaming, and politely ask Pikachu to stay out of the pond. Two out of three were accomplished.

[Tim Cook @tim_cook]

A true visionary who showed us the power of boundless imagination. Yayoi Kusama’s creativity pushed the art world forward and left behind a brighter, more vibrant world for us all.

[Wall St Engine @wallstengine]

Morgan Stanley on CXMT:

This valuation premium is justified by CXMT's stronger growth outlook. CXMT’s higher growth relative to peers reflects 2 key factors:

(1) strong demand from China's 🇨🇳 domestic AI server market, including both GPU- & CPU based systems; & (2) continued capacity expansion driven by localization requirements.

We expect CXMT to continue expanding capacity even if DRAM pricing moderates. Bull case: In this scenario, we assume US cloud service providers and consumer electronics brands begin sourcing CXMT DRAM amid severe global memory shortages, while CXMT achieves a breakthrough in 3D DRAM technology by 2028.

Our checks with equipment vendors suggest CXMT could adopt VCT technology, a transitional architecture toward 3D DRAM, to advance to its Gen5 (~15nm-class) process node without relying on EUV lithography tools”

[Tim Cook @tim_cook]

Counting down with everyone!

[Mark Gurman @markgurman]

What I am seeing:

- Shining light = mechanical aperture on the iPhone 18 Pro Max
- Sky Blue color = Possible new iPhone 18 Pro color.

[Mark Gurman @markgurman]

Apple will hold its biggest product introduction of the year on Sept. 9, kicking off the tenure of new Chief Executive Officer John Ternus. https://t.co/ePihGjoYLn

[Mark Gurman @markgurman]

Official: Apple event on Sept. 9. Surprise and shine.

[Mark Gurman @markgurman]

It's the most exciting time I could ever remember in the Mac universe and Apple is firing on all cylinders.
More more to come soon:
- M6 MacBook Pro 14-inch
- M6 iMac
- M5 Pro and M5 Max touch-screen MacBooks
- More next year in my article from July
https://t.co/VMUK3bUWHA

[Wall St Engine @wallstengine]

$AAPL LAUNCHES NEW MAC MINI WITH M6 AND M5 PRO

Apple unveiled a new Mac mini lineup, with preorders starting today and availability beginning Sept. 22.

M6 Mac mini:
• Starts at $899
• 12-core CPU / 12-core GPU
• Up to 40% faster CPU performance vs. M4
• Up to 4x faster AI performance
• Up to 32GB unified memory

M5 Pro Mac mini:
• Starts at $1,699
• Up to 18-core CPU / 20-core GPU
• Up to 64GB unified memory
• 307GB/s memory bandwidth
• Apple claims up to 8.5x faster LLM prompt processing vs. M2 Pro

Both add Wi-Fi 7 and Bluetooth 6, while the M5 Pro model gets Thunderbolt 5, which Apple says can also be used to cluster multiple Mac minis for running larger AI models locally.

[Wall St Engine @wallstengine]

Really interesting to note:

M6 delivers up to 13.5x faster LLM prompt processing vs. M1 and 4.8x vs. M4, while M5 Pro reaches up to 4x the LLM performance of M4 Pro.

Thunderbolt 5 can now cluster multiple Mac minis together to run larger AI models entirely on-device.

[Greg Joswiak @gregjoz]

Mac Studio + M5 Max and the all-new M5 Ultra.

Monumental leap in AI performance. Even faster graphics for the most demanding pro workflows. Massive unified memory and extensive connectivity. All in its compact design.

[Mark Gurman @markgurman]

It's the most Tim Cook thing ever to have his final product launch be a Mac chip refresh and then let his successor be the one to introduce the biggest new iPhone ever just two weeks later.

[Mark Gurman @markgurman]

Some nice price hikes. Mac mini M6 is $899, M5 Pro is $1,699. Mac Studio M5 Max is $2,499 (no change), while the M5 Ultra starts at a whopping $5,499.

[Mark Gurman @markgurman]

Apple officially launches the M6 M5 Pro Mac mini, plus the M5 Ultra Mac Studio.

[Tim Cook @tim_cook]

The new Mac mini is here. Small in size. Big on performance. From everyday productivity to all things AI, it can help you do it all.

[Mark Gurman @markgurman]

The wait for a new iPad mini won’t be much longer either. It’s still on track for this fall and will launch before the end of October. It’s revamped, complete with an iPhone-like OLED screen.