Jim Cramer on Apple: “We Need to See the Quarter and Hear What They Say”
Yahoo Finance ·
Jim Cramer on Apple: “We Need to See the Quarter and Hear What They Say” Syeda Seirut Javed Fri, July 3, 2026 at 4:18 AM EDT 3 min read AAPL GOOGL Apple Inc. (NASDAQ: AAPL ) was among the stocks on Jim Cramer's Mad Money radar as he taught investors how to profit from the upcoming wave of takeovers . Cramer highlighted the effect of rising cost of components on the company's stock, as he remarked: Fourth, Apple was down over 7% in June thanks to the skyrocketing cost of components, especially memory chips. I think it's vital that the US government allows Apple to buy low-end memory from China. Oh, and your phone is going up in price because the data center companies are bidding up the price for many of the chips that go into smartphones. But Apple has the best AI at a very cheap price thanks to its deal with Google… Higher prices mean lower sales. That's what people think. We need to see the quarter and hear what they say in their forecast. Apple Inc. (NASDAQ:AAPL) manufactures and sells devices such as the iPhone, Mac, iPad, along with its line-up of wearables and accessories. The devices are supported by the company's app ecosystem, AppleCare, and cloud tools. Cramer addressed the selling in the stock during the June 10 episode. He commented: Whatever you do, don't take the selling in the stocks of Apple or NVIDIA personally. I bet most of that selling is from people who think they might get some SpaceX, so they need to be able to pay for it. These two stocks have become huge sources of funds for all the new deals. People feel better about taking gains than losses. For now, they're simply donors to the SpaceX cause. Understand, I'm not speaking ill of either stock. The opposite, I'm in explain mode here. I love Apple and NVIDIA, own them, don't trade them. I'm simply saying that this is what happens in the run-up to a gigantic IPO. And you know, I've been telling you to beware of this oversupply problem for months now. Apple and NVIDIA are readily available for sale, and they're too juicy for some of these sellers to pass up, even as a lot of the money raised by SpaceX or Anthropic or OpenAI will probably end up buying NVIDIA equipment. Meanwhile, Apple's spending next to nothing on AI because they have a deal with Alphabet, and it's a great deal. The same deal that makes Google your default search engine now extends to Gemini. While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News .
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