CNBC Investing Club: Cramer's Morning Take on Apple 11/3/26
Summary
Jim Cramer analyzes recent earnings calls from Palantir and Apple, noting that investors often fixate on minor negatives despite strong overall performance. He discusses the DRAM memory market, arguing that Micron’s stock chart suggests peak pricing may be approaching despite the company’s claims of a secular cycle. The segment also reviews Apple’s quarterly results, highlighting a significant upside surprise in China sales alongside a slight miss in services.
Topics discussed
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Introduction and Morning Take preview
Market reaction to Palantir and Apple earnings
Micron DRAM issues and stock chart analysis
Apple CEO perspective on DRAM pricing
Double ordering and the durability of the DRAM cycle
Historical context: LAMB and KLA double ordering
Comparing Apple and Micron stock performance
Detailed breakdown of Apple's quarterly results
Legal disclaimer and opinions statement
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