Apple Inc.'s strong Q4 Fiscal 2024 results have bolstered investor confidence, with the company reporting a 12% increase in adjusted earnings per share and a 6% rise in sales. The growth in iPhone and Services revenue has been particularly encouraging, driving optimism about Apple's future prospects, especially in its expanding Services business and AI initiatives. Despite discussions on Reddit about the risks of concentrating investments in a single stock, Apple's performance continues to attract attention, with some users noting its significant role in the S&P 500 alongside Nvidia.
The Direxion Daily AAPL Bull 1.5X Shares (AAPU) ETF saw a modest increase, rising 0.51% to $37.68 as of 7:20 AM on Monday, December 16.