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Here's a rapid-fire update on all 36 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Apple remains an "own it, don't trade it" stock, Jim said. Halliburton (HAL): Given we just added a new stock to the portfolio, Jim said Halliburton may be the stock we look to cut ties with. The lesson with P & G is that, sometimes, there's nothing to do but hold a stock, Jim said. Stanley Black & Decker (SWK): The maker of DeWalt and Craftsman tools is one of the best bargains in our portfolio, Jim said.
Persons: Jim Cramer's, Jim, it's, We're, , he's, he'll, we're, Dupont, Walt Disney, Estee Lauder, Locker, Mary Dillon's, Halliburton, Humana, Humana's, Linde, Eli Lilly, there's, Mark Zuckerberg's, Jim said, Morgan Stanley, James Gorman, Nikesh Arora, Elliott Management's, Elliott, Stanley Black, Decker, It's, Wells Fargo, Wells, Charlie Scharf —, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Nvidia, Amazon, Federal, Bausch Health, Caterpillar, Costco, Coterra Energy, DuPont de Nemours, Comcast, Emerson, Emerson Electric, Ford, United Auto Workers, GE HealthCare Technologies, Big Tech, NFL, Halliburton, HAL, Texas, Honeywell International, Honeywell, Linde, LIN, Facebook, Reality Labs, Microsoft, Oracle, Palo Alto Networks, Procter & Gamble, Natural Resources, Starbucks, Constellation Brands, TJX, Goods, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: Bausch, China, Hulu, NBCUniversal, Palo, Macao
Apple chose a Chinese firm to assemble its Vision Pro thanks to its openness to "crazy ideas." A Chinese firm responsible for assembling Apple's Vision Pro had a vote of confidence from the tech giant thanks to its willingness to test "crazy" ideas, a new report says. Luxshare, a contract manufacturer, has built close ties with Apple as the latter prepares to launch its mixed-reality headset. The Vision Pro is Apple's biggest hardware launch since the release of the iPhone in 2007 and set to be its riskiest in recent years. Apple and Luxshare did not immediately respond to Insider' request for comment outside regular working hours.
Persons: Apple, Luxshare Organizations: Financial Times, Apple, Morning, Apple's, Consumers Locations: Shenzhen
Apple's new Vision Pro virtual reality headset is displayed during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023. College classes and internship programs are employing VR headsets to teach students and early talent the ropes of an office environment. Laura Bedalov, a customer success manager at Cappfinity, sets up the virtual reality workplace environment that colleges and internship programs are using to train young people. Within UCD's virtual reality world, which was developed in partnership with Cappfinity, students may take on the role of a human resources employee choosing a job candidate to hire. Maurice Knightly, education innovation lead at UCD's Innovation Academy who helped spearhead the VR class, says headset prices have gotten cheaper over time.
Persons: Laura Bedalov, Jeannie Liakaris, Rebecca Picciotto, Cappfinity, Ernst & Young, Alan O'Donnell, O'Donnell, Maurice Knightly Organizations: Apple's Worldwide, Apple, Meta, Microsoft, University College Dublin, UCD's Innovation Academy, UCD, VR, CNBC, Netflix, Pico Locations: Cupertino , California
Apple will need to book an appointment to buy the Vision Pro headset in-store. The company is planning a retail launch for the headset next year, Bloomberg reported. Apple fans hoping to get their hands on the Vision Pro will need to book an appointment to buy the headset in-store. The Vision Pro will be rolled out next year, with stores in New York and Los Angeles among the first to stock the device, per Bloomberg. Apple's Vision Pro is the company's first major product release in eight years.
Persons: groans, Insider's Pete Syme, Elon Musk Organizations: Apple, Bloomberg, Vision, Worldwide, Conference Locations: New York, Los Angeles
Apple's forthcoming Vision Pro headset reportedly posed a challenge for some smaller testers. Testers with small heads and bodies had trouble keeping it on more than 30 minutes, Bloomberg reported. The Apple Vision Pro headset is set to launch next year in the US, but so far some physically smaller testers have reportedly found the high-tech goggles a little trickier to keep on for extended periods of time. Those with smaller heads and bodies who tested out the $3,500 device found it was hard to keep it on for more than 30 minutes, according to a new Bloomberg report. A screenshot from Apple's Vision Pro headset reveal briefly showed a secondary support strap, which Apple is still working to finalize, according to Bloomberg's report.
Organizations: Bloomberg, Apple Locations: China
Worldwide shipments of VR headsets and augmented reality devices dropped by more than 12% to 9.6 million in 2022, according to CCS Insight. For Vision Pro to be successful, it needs to replace personal computers, said Nicole Peng, senior vice president, mobility, at Canalys. She said that's the value proposition Vision Pro has set up, which is different from what Xreal or Meta offer. "Nreal, Xreal glasses still need to connect with a PC or a phone," Peng said. Apple has not released such figures for Vision Pro.
Persons: Peng Jin, Xreal, Jin, Canalys, Nicole Peng, Peng, Steve Kovach Organizations: Mobile World Congress, MWC, Shanghai, Visual China, Getty, CNBC, Shanghai MWC, Apple, Vision, VR, CCS Insight, Meta, Xreal, Xreal Air, Amazon.com, U.S ., Pro Locations: BEIJING, Canalys, Nreal, U.S, Japan, South Korea, China, Europe
Or at least, I saw Sakamoto's digital avatar perform in a darkened room with a Magic Leap 2 headset clamped to my face. Some technical issues aside, the experience showed me the potential that AR has to transform the entertainment industry. As the lights dimmed, the audience became ghostly silhouettes, and Sakamoto's avatar appeared center stage. KAGAMI still showed a lot of promise for the future of AR entertainment. The tech company that builds the best AR hardware and software has a shot at controlling the next generation of entertainment.
Persons: Ryuichi Sakamoto, KAGAMI, it's, Sakamoto, they're, Elton John, Bob Iger, Apple Organizations: Apple, Meta, Microsoft, Google, Disney, Artists Locations: Japanese, New York City
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's Vision Pro is going to surprise investors, says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management, joins 'Closing Bell' to discuss Apple setting to close above the historic $3 trillion mark.
Persons: Deepwater's Gene Munster Gene Munster Organizations: Deepwater Asset Management
June 30 (Reuters) - Humane, the startup founded by ex-Apple Inc (AAPL.O) executives that raised $100 million earlier this year, said on Friday that it will use Qualcomm Inc's (QCOM.O) chips in its forthcoming wearable device. Humane has not given a release date or many other details for a gadget that it said on Friday will be called "Ai Pin." Because the Ai Pin does not have a traditional screen or keyboard, it relies heavily on artificial intelligence to interact with users in natural spoken language. Humane is partnering with OpenAI for AI technology and cloud computing services, respectively. Humane and Qualcomm did not give further details on which Qualcomm chips the Ai Pin will use, but Dev Singh, vice president of business development at Qualcomm, said the offerings would come from Qualcomm's Snapdragon family of chips, which can power devices from smartphones to mixed-reality headsets, depending on the configuration.
Persons: Imran Chaudhri, Sam Altman, OpenAI, Dev Singh, Stephen Nellis, Cynthia Osterman Organizations: Apple Inc, Qualcomm, Apple's Vision, Microsoft Corp, Humane, Thomson
Ted Cannis, a senior executive at Ford, told the Financial Times in December that there is a "large-scale rethinking of logistics operations" across the auto supply chain. "The supply chain is going to be the focus of this decade," Cannis said. Among the companies Apple is relying on to make the Vision Pro is Taiwan's Foxconn — which is the main supplier shifting its supply chain away from China. The move was made after China's COVID-19 lockdowns rocked supply chain and production timelines, but prices are the real driving reason behind the move. "Right now, robustness of our supply chain also needs to be considered to ensure the stable procurement of parts."
Persons: , Donald Trump, lockdowns, COVID, Ashutosh Sharma, Forrester, Ted Cannis, Cannis, China's, Wellsenn, Cowell, Liu Young, TSMC, Morris Chang, Chips, Dylan Patel, SemiAnalysis, Tim Cook, Fang DongxuFeature, Mazda, China's COVID, Masahiro Moro, ", Moro Organizations: Mazda, Service, Privacy, East, Ford, Financial Times, Apple, Vision, Apple's, Cowell e Holdings, Future Publishing, Reuters Locations: China, India, Zhengzhou, Henan, Vietnam, Mexico, Taiwan, Arizona, Nanjing, Fang DongxuFeature China, Japan Japanese, Japan
An easy way to harness the power of AI quant models is to look at top holdings of ETFs, he said. But it's a tall task for individual investors — let alone institutions — to develop AI models for stock picking, Oh said. Oh said that the Qraft's momentum fund's top two holdings right now are Amazon (AMZN) and Meta (META). While it was the model that picked Amazon and Meta, Oh said they're solid fundamental plays. As for Meta, Oh said it's well-positioned for the AI boom as is one of the leaders in the space.
Persons: Francis Oh, , ChatGPT, I'm, Google's Bard, Oh Organizations: Vanguard's Hong, Qraft Technologies, Apple, Nvidia, AI, Equity, BTD, Fund, Vertex Pharmaceuticals, Gamestop, Dow, Industrial, SolarEdge Technologies, Dow Inc, Enphase Energy, Meta Locations: Asia, Pacific, Vanguard's, Vanguard's Hong Kong
What's next for BlackRock?
  + stars: | 2023-06-19 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +4 min
The biggest, and most obvious, change comes at the top, as BlackRock considers life without Larry Fink. The departure of Fink from BlackRock — a firm he's led since founding it with Robert Kapito in 1988 — is monumental in and of itself. But consider the state of affairs:Simply put, there's a lot going on these days at BlackRock. Insider's Rebecca Ungarino, our resident BlackRock expert, has a rundown of all the latest news at the massive money manager. More on everything that's happening at BlackRock as its CEO and cofounder considers his future.
Persons: Dan DeFrancesco, we've, Leonardo Munoz, don't, Larry Fink, Fink, Robert Kapito, Insider's Rebecca Ungarino, Todd Anderson, Christine McCarthy, Bob Iger, Iger, Gen, Jeffrey Cane, Hallam Bullock Organizations: Disney, Netflix, BlackRock, Getty, Barclays, Goldman, Mouse, Apple's, McKinsey, LinkedIn Locations: VIEWpress, BlackRock —, BlackRock, Hulu, London, New York
Disney's Apple Vision Pro partnership has stoked excitement and concern at the media company. "Mandalorian" footage in the Vision Pro demo. AppleBut an innovation team that worked on Disney's Apple Vision Pro offering is being disbanded, with its founder and leader exiting the company as part of the cuts. Disney's Vision Pro partnership was its latest project. A source with knowledge of Disney's Vision Pro work said it's still ongoing and that there are other teams at Disney still working on that project.
Persons: Bob Iger, Iger, Dave Lankford, WWDC, Disney's, Dirk Van Dall, Mike White, it's, Aaron LaBerge, Jeremy Doig, Bob Chapek, DMED Organizations: Apple Vision, Insiders, Disney, DMED, Apple, Apple's Worldwide, Conference, Iger, Vision, Advanced, Netflix, Disney's, Hollywood, ESPN, Marvel, Geographic Locations: verticals
All of the following stocks hit all-time price highs Friday, except for Meta Platforms (META), which was a multiyear high. Apple P/E next 12 months (NTM) ratio: 29x 5 year Average P/E (NTM): 22.7x PEG (NTM) ratio: 2.9x 5 year average PEG (NTM) Ratio: 1.9x Apple 's (AAPL) valuation has gotten stretched in recent weeks, even when factoring in growth expectations. Meta Platforms P/E (NTM) ratio: 21.4x 5 year Average P/E (NTM): 21.2x PEG (NTM) ratio: 1.6x 5 year average PEG (NTM) Ratio: 2.2x Meta has been on an incredible run. Microsoft P/E (NTM) ratio: 31.7x 5 year Average P/E (NTM): 27.7x PEG (NTM) ratio: 2.5x 5 year average PEG (NTM) ratio: 2.1x Microsoft's run has seen its earnings-based valuation (P/E) expand, even when adjusting for growth (PEG). NVDA YTD mountain Nvidia YTD performance Nvidia has a history of beating estimates and ending up cheaper in hindsight.
Persons: Jim Cramer, Jim, we've, Rather, Eli Lilly P, Eli Lilly's, Eli Lilly YTD, Lilly, we're, Eli Lilly, Jim Cramer's, Michael Nagle Organizations: Nasdaq, Nvidia, Meta, Apple, UBS, Credit Suisse, Mounjaro, Microsoft, Palo Alto Networks, CNBC, Bloomberg, Getty Locations: , Palo
He told CNBC's "Tale of the Tape" that the superior technology of the Vision Pro compared to other virtual reality and augmented reality headsets justifies its high price. When asked about Meta's strategy and whether the $299 Quest could compete with Apple's Vision Pro, he said that the two companies are pursuing different approaches. Despite the excitement surrounding Apple's Vision Pro, other analysts have urged caution . AAPL META 1Y line Expected to hit the market in 2024, Apple's Vision Pro allows users to interact with content and popular iPhone apps without a controller. Although the Vision Pro is unlikely to produce tens of billions in sales immediately, Uerkwitz remains optimistic about the device's value creation over the long run.
Persons: Andrew Uerkwitz, David Vogt, Uerkwitz, it's, Jefferies, Tom Forte, DA Davidson, Forte, Davidson, — CNBC's Michael Bloom Organizations: Apple, Jefferies, Apple's, Mac, UBS, Apple Watch, Unity, Pro, DA, VR, Meta Locations: Switzerland
Jack Dorsey was asked what he thought about high-tech headsets, like Apple's new Vision Pro. In the interview, Dorsey shared his thoughts on companies developing augmented reality and virtual reality technologies. Just a week earlier, Apple announced its new Vision Pro mixed-reality headset, a strong competitor product to Meta's own line of virtual reality headsets. Jack Dorsey admitted that virtual reality was "going to happen," but said it's time to have an "honest conversation" about its possible effects. Will Apple's Vision Pro turn us all into "WALL-E"-like characters?
Persons: Jack Dorsey, Dorsey, Krystal Ball, Saagar, we're, Enjeti, he's, MARCO BELLO, Neal Stephenson, Ernest Cline's, They're, Apple's, Apple Organizations: Morning, Twitter, Pixar, Apple
Apple's diversifying supply chains away from China, but it's still using Chinese firms to make the Vision Pro. Apple's Vision Pro has been exciting investors since its reveal, sending the company's shares soaring. Tech giant Apple has been trying to diversify its supply chains away from China — but it appears there's no getting away from the manufacturing powerhouse. According to Wellsenn, the list shows eight Chinese companies involved in the making of Apple's Vision Pro headset. And despite the internet's derision about the gadget's hefty price tag and its goofy aesthetics, the Vision Pro itself has been exciting investors.
Persons: Wellsenn, Cowell, Taiwan's Foxconn, Zinya, Nidhi Pandurangi Organizations: Tech, Apple, Vision, Apple's, Cowell e Holdings, Samsung, LG, Sony Locations: China, India
Elon Musk has poked fun at the price of Apple's new mixed-reality headset. Apple launched the Vision Pro, the company's first major product in eight years, last week. The $3,499 price tag for Apple's new Vision Pro headset may even be too steep for the world's richest man, Elon Musk. The image compared Apple's new headset to a bag of mushrooms with the text: "Apple $3,500 augmented reality VS. $20 augmented reality." Apple launched the Vision Pro — its first major product in eight years — last week.
Persons: Elon Musk, Musk, Pete Syme, Apple, Tim Cook Organizations: Apple, Vision, Morning, Pro, Worldwide Developer Conference, Big Tech, Representatives
Google CEO Sundar Pichai said he's excited about Apple's Vision Pro but hasn't tried it yet. He said cost cuts and sharpened focus are "enduring work" and Google will continue to seek efficiency. Google CEO Sundar Pichai says he's excited about the potential of technology like Apple's Vision Pro to create more immersive computing experiences. Asked about further cuts at Google, the CEO said that the company will continue to try and make itself more efficient. Going back to 2o14, the company released a virtual reality headset made out of cardboard that a smartphone would slide into and serve as a display.
Persons: Sundar Pichai, hasn't, Pichai, OpenAI, Mark Zuckerberg, Satya Nadella's Organizations: Google, Bloomberg, Morning, VR, Microsoft Locations: 2o14
CNBC's Jim Cramer on Monday considered a new angle on Apple's divisive virtual reality headset, the Vision Pro, linking the product to the ongoing battles between the most popular wireless carriers. Some were shocked just a few weeks ago when Apple execs revealed the Vision Pro's price tag: at $3,500 a pop, the Vision Pro is one of Apple's more expensive consumer products. Cramer noted that some rationalized the steep cost by figuring Apple's Vision Pro would open the doors for less expensive headsets of a similar ilk. But Cramer sees potential for major wireless carriers like Verizon , T-Mobile and AT&T to capitalize on the new product by offering discounts on plans in exchange for cheaper phones. According to Cramer, it's no skin off Apple's nose if these carriers choose to ignore the sticker price.
Persons: CNBC's Jim Cramer, Apple execs, Cramer, Wall Organizations: Vision, Verizon, Mobile, Apple, & $
Apple’s new challenge: making VR headsets look cool
  + stars: | 2023-06-10 | by ( Jennifer Korn | ) edition.cnn.com   time to read: +6 min
But behind this speculation is a more serious potential problem: even Apple may struggle to make VR headsets look cool. The new headset, which blends both virtual reality and augmented reality, is Apple’s most ambitious – and riskiest – new hardware product in years. In one early marketing image, a woman is shown wearing the headset while dressed in very chic clothing and lounging in an upscale living room. Apple’s silhouette ads in the early 2000s somehow managed to make not just iPods look cool, but also wired headphones. People use phones as Apple's Vision Pro headsets are on display at Apple's annual Worldwide Developers Conference at the company's headquarters in Cupertino, California, U.S. June 5, 2023.
Persons: Tim Cook, Palmer Luckey, Oculus, memed, It’s, Robert Scoble, Larry Page, “ Robert, “ They’re, ” Lisa Peyton, , Loren Elliott Loren Elliott, Reuters “, ” Marcus Collins, Collins, “ you’re, Alan Dye, it’s, , ” Peyton, “ It’s, they’ll Organizations: New, New York CNN, Apple, Facebook, Google, University of Oregon, CNN, Developers, REUTERS, Reuters, Ross School of Business, University of Michigan Locations: New York, , Cupertino , California, U.S
The Apple Vision Pro is significantly more powerful than nearly all competing products on the market. Huge specsThe new Apple Vision Pro headset is displayed during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. A new interfaceApple Vision Pro Source: AppleJust as the iPhone did, the Apple Vision Pro introduces a new kind of user interface. Apple Vision Pro Source: AppleEye tracking often uses small sensors to see where the user's gaze is resting. The Apple ecosystemApple CEO Tim Cook stands next to the new Apple Vision Pro headset.
Persons: what's, Inbar, Tipatat Chennavasin, Apple, Justin Sullivan, Avi Greengart, Chennavasin, Jamin Hu, Steve Kovach, Hu, Mac, Tim Cook, Sean Mann, Greengart, Mann Organizations: Apple, Engineers, University of Utah, Nintendo, Microsoft, Meta, Google, Sony, Nvidia, Fund, Superventures, Venture, Apple Vision, Apple Worldwide, Apple Vision Pro, Vision, Getty Locations: Cupertino , California, Apple's, iPhones
Mark Zuckerberg criticized Apple's Vision Pro headset at a companywide meeting, The Verge reported. He said that Meta's vision was "fundamentally social," while Apple's vision is "not the one I want." On paper, and even according to early hands-on impressions, Apple's headset looks far superior to Meta's — even if Apple's headset is exorbitantly more expensive. In the Thursday meeting, Zuckerberg said that Apple's headset design didn't have any innovations that Meta hadn't "already explored and thought of." Zuckerberg highlighted that, in the case of the Quest 3, Apple's headset "costs seven times more."
Persons: Mark Zuckerberg, Apple's, Zuckerberg, Apple, Meta, it's, Price, Read Organizations: Meta, Apple
He writes that Apple's latest $3,500 gadget is not just a VR "headset," but a bigger tech opportunity: spatial computing. Apple at long last revealed its long-anticipated "next big thing" — its Vision Pro — two days ago at its annual WWDC. "Minority Report" come to lifeViewed with the broader lens it deserves, however, Apple's Vision Pro represents so much more. It represents the dawn of an entirely new mass market and transformational tech opportunity of so-called "spatial computing." Spatial computing is essentially the film "Minority Report" come to life, three-dimensional computing divorced from the confines of physical screens.
Persons: Peter Csathy, Nanea Reeves, Tim Cook, Ralph Lauren, Joanna Popper, Bob Cooney, Evan Helda, Pierre, Stuart Rostain, Amy Allison, Tripp, Mark Zuckerberg, Apple's, Steve Jobs, Cook, Bob Iger, Jobs, Iger, Read Organizations: Creative Media, Morning, Fearless Media, Apple, CAA, Barnum, Amazon, Spatial Computing, European VRDays Foundation, Women, Disney, Pixar, Creativie Media Locations: Malibu, Netherlands
Meta unveils stand-alone app for employees to rival Twitter
  + stars: | 2023-06-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta unveils stand-alone app for employees to rival TwitterCNBC's Steve Kovach joins 'Power Lunch' to discuss Meta introducing features to compete better with Twitter, Mark Zuckerberg's response to Apple's Vision Pro, and more.
Persons: Steve Kovach, Mark Zuckerberg's Organizations: Meta, Twitter, Vision
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