Fahad Saleem
5 min read
In This Article:
We recently published a list of Top 10 Buzzing Stocks in May. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other top buzzing stocks in May.
The latest quarterly results from a couple of major technology companies have soothed concerns about AI demand that prevailed in the market following the launch of DeepSeek. Storm Uru, Manager at Liontrust Global Dividend Fund, said while talking to CNBC that the Satya Nadella-led tech giant’s results were “extraordinary.”
“50% of that growth came from AI revenue, and that’s an important marker for us going forward. Because after Deepseek about four months ago now, the debate really was around as digital intelligence gets smarter and as it gets cheaper, what is going to be the impact on demand. And what we found out last night was that demand is accelerating,” he said.
David Grain, Founder & CEO of Grain Management, also believes AI demand could be strong amid a variety of factors.
“The advent of AI has created this explosion of demand for data centers and compute power, but the drivers of where it makes sense to actually build these data centers has a lot to do with the availability of reliable and high quantity of electricity. So I think there’s definitely no slowdown in the demand side of the equation,” he said during an interview with CNBC.
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In.
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Number of Hedge Fund Investors: 158
Gil Luria, D.A. Davidson managing director, said in a latest program on CNBC ahead of Apple Inc. (NASDAQ:AAPL) quarterly report that his expectations were not high heading into the results. He believes Apple could be among the first companies to feel the heat of a consumer slowdown:
“We’re not expecting a good result or a good outlook. What we’re really hoping for is for Apple to give us visibility and a sense for a stable outlook — that they’ve wrapped their hands around what the impact from tariffs is going to be, and that they can give us an outlook based on that. You just talked a lot about Meta and Microsoft. Those results aren’t just not as bad as feared — those results were actually good. I would not expect that from Apple. Let’s not forget we’re talking about a consumer-driven slowdown, and Apple is the consumer product company. Only later on, a consumer slowdown may lead to an advertising slowdown and maybe eventually to an enterprise technology slowdown. For now, the impact is first going to be felt by Apple, and we want to get our hands around how much of an impact that is tomorrow.”
