According to Bloomberg News’ Ryan Vlastelica, Apple’s shares have surged 17% in July and are on track for their strongest monthly performance in four years. Investors have rotated away from companies pouring tens or hundreds of billions of dollars into AI data centers and infrastructure, favoring Apple’s more restrained approach. That stance has positioned Apple as a lower-risk “AI safety play” with strong cash flow, substantial buybacks and pricing power. Strong results and confident guidance could reinforce the safety narrative; any signs of slower hardware momentum or lingering AI execution gaps risk testing investors’ newfound enthusiasm. MacDailyNews Note: As usual, we’ll have Apple’s earnings results for you as soon as they are released on Thursday, July 30th right around 4:30pm EDT / 1:30pm PDT.