Apple hit all-time highs amid a chip/AI rally; capital is rotating into it as a safer Mag 7 play. Further upside is expected, helped by 2029 server entry, though it may struggle at all-time highs near term; a close above 34457 targets 365 to 370, and he is not a buyer here, awaiting a pullback toward 33349.

All right, next up, all-time highs, guys, on Apple. Now, Apple came out this week. They had their get ready promo for their iPhone duo, which is going to be available for pre-order this week.

I guess you had some investors really excited about that. I don't think that's really moving the needle on Apple. What I know is I've been watching this huge AI data center rally this entire year.

Chip stocks like Micron, SanDisk, STX, WDC just exploding up on the charts and usually days when those chips and stocks were ripping up higher, Apple was somewhat left in the dust.

Now, it wasn't collapsing, but it wasn't really having capital inflow. And when we have a day that somewhat pinnacles with STX dropping down the chart that we're about to check out and Apple makes brand new all-time highs.

Now, where did Apple finish? Let's go back to the chart. It finished off of its highs. It didn't print a brand new all-time high close up here. Um, but it finished off of the highs and we're going to look at STX that finished off of its lows.

It's very interesting how there's a rotation of capital into what uh appears to be a safer uh Mag 7 play with Apple, but not necessarily big driven on AI. But that is to change, folks.

In 2029, Apple will be entering back into the server space with uh their M8 Ultra chips that will be fused together to be running servers. So, they're going to be entering into that space.

They just released the Mac Studios and Mac Minis, all capable of handling and uh controlling LLMs on your own device. So, they're certainly encroaching into that AI space and they're going to have a great brand name with Apple behind it.

I see further upside for Apple. As you see, we've got an inclining parallel. It all just depends on what your time frame is. We will likely still struggle with all-time highs, but I see Apple going higher in the future. currently around a $5 trillion mega cap and Nvidia is just over 5.4.

These two are going to be duking it out for largest mega caps in the future. Near-term target, if we get a daily close above this previous all-time high at 34457, Apple could be pushing up into the 365 to 370 range, which is up here on the top of the parallel.

Now, guys, I'm not a buyer up here. I usually wait for some sort of pullback. That's the earliest spot I would dip my toe on the water. there is 33349 instead. I'd rather wait for a bigger market pullback and then buy and load up Apple at that time.

But still great accomplishment for Apple and its all-time highs. And like I said, Apple finishing off the highs, finishing at the lows.