Apple's stock had a solid Q2 as it benefited from no AI Capex $AAPL became the 'safe haven' asset as hyperscalers guided into spending $100s of Billions and moving into negative FCF Milk Road PRO members got in early with size and sold the top before Q2 earnings Why sell? Because Apple was already priced to absolute perfection and was valued at more than a 40 PE going into earnings. Even if they nailed earnings, the stock was extended. Will Apple continue to be a great company? of course it will, but sometimes stocks get way over extended and that's exactly what happened last month in Apple. These are the times to take profits, even if you don't sell the full position bc you believe in the stock long-term The earnings ended up being a miss and guided lower due to supply issues with Memory prices. They also missed on services revenue (as shown in the post below). Trimming was the right call. The reason I continue to hold some Apple is I believe they will be the winner of AI, specifically, consumer agents The new "smart Siri" will launch next month, alongside a full launch in their AI in-app developer tools and I believe this could be a breakthrough moment for AI (and another breakthrough moment for Apple). Bringing agents, locally and privately, into the hands of billions of people with an easy UX and access to the entire data set on your devices. This could be a massive product If I'm wrong, that's ok, I've already trimmed some solid profits from Apple after getting in early. If I'm right, AI can be the thing that pushes Apple to new highs This is the kind of alpha and signals that Milk Road PRO members get on a daily basis from 5 different analysts. We're raising the prices of PRO, but we've extended the current price for one more day. If you sign up today you lock in this price for life: