No AI Siri, not foldable iPhone, nothing epic.

But ~100 new features were added to the Apple product suite yesterday.

In the age of AI, Apple's behind.

But instead of death by 1000 cuts, it's surviving by 1000 features.

It’s a tale of two economies:

If you own stocks, you’re feeling great.

If you own crocs, you’re not.

The 15% rev share on #Nvidia sales to China is simply a new corporate tax.

It doesn't address the core issue — How to limit China's access to the best AI chips — but it does create a new form of gov't rev

Paid by the undisputed winner of AI so far, it could be a model for a future tax on #AI

Outcome #1 — TT shuts down Sunday morning ➡️ Zuckerberg wins.
Outcome #2 — TT is saved by Trump, Biden, and/or Congress ➡️ ByteDance wins.
Outcome #3 — TT is sold to Elon (the only American China would sell to) ➡️ X merges w/ TikTok.

But unexpected surprises... are pretty much expected.