Jack of All Trades: High Stakes 01.29.2026
AAPL crushed Q1 FY26 (revenue $143.8B +16%, iPhone $85.3B +23%, China +38%) yet -1.9% on margin fears. IBM validated AI transformation (Q4 +12%, GenAI book $12.5B doubled, FCF $14.7B decade high) +8%. Hardware scales but costs compress. Enterprise AI monetizes. Beats insufficient.