🚨Opening Playbook is off today🚨
Between Nate’s travel issues and my meetings, we have to cancel today. I do however have an opening today where I will be joining Roger Scott at p.m. ET, where he’ll show me why he’s opened this $50K account solely dedicated to trading something he calls “30-Minute Flyers” every single morning [tap to join us]!
There’s a chart making the rounds that’s got everyone talking about Apple — and depending on how you look at it, it’s either terrifying or brilliant.
The numbers are stark: Amazon, Google, Meta and Microsoft have each spent $180+ billion on AI capital expenditures (CapEx). Meanwhile, Apple has spent just $18 billion — a tenth or less than each major rival. With that gap, it’s easy to assume Apple’s falling behind. Some people even compare the risk to becoming the next Blackberry, a giant that missed the defining shift of its era.
But I think this framing misses the real story.
The AI Arms Race Everyone’s Fighting
To understand Apple’s approach, look at how its competitors are behaving. Google’s CEO said he’d rather go bankrupt than miss out on AI. Facebook CEO Mark Zuckerberg has expressed similar sentiments. These companies are willing to burn through mountains of cash to seize the lead — and they’re spending accordingly.
The risk for them is simple: When you go all in, you can run out of chips. If Meta keeps spending at this pace, for example, it’s hard to imagine they’ll have a ton of dry powder left a year from now. They’re fully committed to the current race, and if they guess wrong, they may not have the flexibility to pivot.
Apple, on the other hand, is saving up its money — going Warren Buffett style — and avoiding the frenzy. They’re patient, disciplined and in no rush to match their rivals’ pace dollar for dollar.
Apple’s Historical Playbook
Apple’s restraint isn’t new. The company has a long history of letting others spend $100 million on R&D, then swooping in and spending $20 million to piggyback off the breakthroughs. They didn’t invent the MP3 player, smartphone or tablet — they just perfected them.
This is why the low AI CapEx doesn’t concern me. Apple has always preferred optionality over brute force. And the timing is perfect: OpenAI is expected to IPO this year, Anthropic is coming to market and an entire wave of smaller AI companies is emerging. Apple can take its time, watch the winners become clear and then buy, partner or integrate precisely where it makes the most sense.
By not emptying the tank now, they may end up as the last player with enough cash to snap up distressed or undervalued AI assets when competitors start feeling the financial strain.
Apple isn’t uninterested in AI — they’re simply choosing a different strategy. Instead of racing blindly, they’re preserving capital, waiting for clarity and positioning themselves to strike when the opportunity is undeniable. They’re preserving optionality and capital — and that might be the smartest play of all.
Graham Lindman
Graham Lindman Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. I’m Super Pumped for today’s 30-Minute Flyers Reveal!
Roger Scott is moving $50K of his own money into a new account dedicated to trading a special class of stocks..
And I can wait for Roger to show us the ropes at 1 p.m. ET.
As you’ll see…
Every day, in the first 30 minutes after the opening bell, the fastest moves happen.
And they’re driven by certain players who have no choice but to buy shares of specific stocks.
In today’s special class, not only will you see how to spot these moves early, giving you the room to target $500 on a $5,000 stake.
But you’ll also discover the exact trigger points and the specific trading style that lets you set up the trade with the profit target and stop-loss in place.
I won’t make reckless guarantees when it comes to the market…
But you’ll also get the chance to join in on the very next Morning Flyer setup that could come as soon as this week…
We develop strategies, but we cannot guarantee a future return. There is always a risk of loss when trading. Past performance is not indicative of future results. The results shown are from LIVE signals from 12/29/25 to 4/20/26. The result was a 63% win rate, 3.3% average return (winners and losers), and an 11.8% average win with a 1-day hold time.
