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Apple is set to report earnings for the first time under new CEO John Ternus. Susan Li highlighted that Apple has positioned itself as Wall Street's AI hedge by avoiding aggressive AI-related spending, maintaining strong free cash flow, and being the top-performing Magnificent Seven stock so far this year.
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Susan Li previously reported that Nvidia is in talks to acquire Reflection AI, with a deal possibly coming within weeks though terms remain unclear. She also noted that Anthropic's top five customers accounted for about 25% of revenue in the nine months ended September 30, with no single customer exceeding 10%. Nvidia may acquire Reflection AI and Anthropic's customer revenue concentration have both featured in her recent coverage.