Jim Explains Why “Apple Simply is Not a Beneficiary of Lower Rates”
Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer discussed after the Fed rate cut. Cramer noted that the company has an “immense cash position,” as he commented: “Apple’s not really impacted by lower rates. It has an immense cash position. It’ll probably earn less on its cash. It’s considered an AI loser even though I think their installed base of over 2.3 billion devices and 1.5 billion users means one of these big chatbots will pay them a fortune to be the default platform, just like Google did ...