Barclays downgraded Apple, a member of the Magnificent 7, to underweight at the start of 2024. This decision was based on channel checks and has raised concerns about the rest of the Magnificent 7. Goldman Sachs' Eric Sheridan was asked about the potential warning sign. The downgrade comes amid concerns about the impact on generative AI due to a lawsuit between NYT, OpenAI, and MS.
This is an excellent explainer on NYT's fight with OpenAI and MS. It's important to understand this as the lawsuit will impact how generative AI plays out. By @theunsaif @MorningContext https://t.co/FKkApSxv3d
Not her own serial plagiarism, but "the right's coordinated campaign." The MSM transparently refuses to hold leftist elites to any personal accountability. https://t.co/1B6fsFbZtG
Barclays downgrading Apple today - could this be a warning sign for the rest of the Magnificent 7? We ask Goldman Sachs' Eric Sheridan @JonFortt $GS $AAPL $AMZN https://t.co/6yE1KP8SU1
Barclays downgrades $AAPL to underweight based on channel checks
Magnificent 7 member gets downgraded to start 2024 as Barclays lowers rating on Apple https://t.co/Ns9Tcpput2