苹果上涨 4.6%。
Apple up 4.6%
说到资本支出，谁不在花资本支出？苹果仅凭 iPhone 就仍是地球上第二大公司。这简直难以置信。服务和利润率惊人。他们没有拥有任何前沿模型，也没有大规模专用数据中心基础设施。谈不上有什么 AI。
他们全都外包了。他们只是制造手机，却是世界第二大公司。
Speaking of capex and who isn't spending capex? Apple remains the second largest company on Earth purely on the iPhone. You can't make this up. Crazy services and margins. They don't own any frontier models, they don't have any massive dedicated data center infrastructure. No AI to speak of. They outsource it all. They just make phones and it's the second biggest company in the world.
非常非常了不起，但这在不久的将来都会改变。我相信他们会被许多参与者超越，就像英伟达已经超越了他们一样。还会有更多后来者追赶他们。
Pretty pretty remarkable, but that will all change in the very near future. I believe they'll be eclipsed by many players like Nvidia have already eclipsed them already. There'll be many more coming for them as well.