Mike OlsonThe Rising Tide of Efficiency: Tech Companies Don’t Sell Products, They Sell TimeEfficiency is time, and time is the one true currency. Innovation in pursuit of efficiency is the most powerful underlying force in driving persistent growth. Entrepreneur & author Jim Rohn said that “time is more valuable than money, you can…3-Minute Read Artificial Intelligence , Augmented Reality , Frontier Tech , Future of Work , Gaming , RoboticsGene MunsterBattery 101: What’s Next in Batteries?The bottom line: While tech followers await in anticipation of the next battery tech breakthrough, it’s likely that the rate of improvement will prove to be incremental and continuous. We will still refer to the batteries in EVs as lithium-ion…6-Minute Read Redwood Materials , TeslaGene MunsterThe Apple Car’s Long and Winding RoadTalk related to Project Titan (Apple’s car ambitions) had been quiet for the past four months, until Bloomberg published a story detailing that the autonomous vehicle will be delayed, again. The Bloomberg reporting—which we believe to be accurate—begs the question:…7-Minute Read Apple Companies of Note Gene Munster, Brian BakeriPhone 15 Upgrade Experience Underscores Apple Is a Consumer Staples CompanyApple excels at making consumer tech easy to use. The most recent example is the streamlined iPhone setup experience. Doing the little things right is why consumers who own one Apple product purchase additional products, locking those users in as lifelong customers.Read More Apple, ThemesDoug ClintonBattle of the AI Stock Pickers: ChatGPT vs Bard vs ClaudeWho’s the Best AI Stock Picker? I’ve been testing generative AI to build investment strategies aimed at beating legacy benchmarks. The scorecard has AI in the lead. In some cases, substantially: My process is consistent across strategies. I use ChatGPT,…6-Minute Read Artificial Intelligence, IndexGene Munster, Brian BakerTesla’s the Winner in Big Auto Labor TalksBig auto is in a tight place when it comes to transitioning its business to electric, and the current UAW discussions will eventually result in a steep increase in costs that will further push them into the red. Tesla, however, can afford the pay raise and will emerge as the winner from the labor talks. Read More TeslaGene MunsteriPhone 15 Is Enough to Return Apple to GrowthApple’s fall hardware event featured the new iPhone 15 family and updates to Apple Watch at prices unchanged from a year ago. While most of these updates were incremental, they’re enough to attract the 400m iPhone owners with phones more than 4 years old, which should return Apple to revenue growth in the December quarter. Most impressive was the addition of spatial photo and video capability on iPhone 15 Pro models, which lays the foundation for Vision Pro demand, due out early next year.Read More Apple, Spatial ComputingDoug ClintonAssessing the IPO Window with the Deepwater IPO IndexIs the IPO window open? Investors, bankers, and market commentators answer that question by whether IPOs are getting out. ARM is about to go public. So are Instacart and Klaviyo. If those companies have successful IPOs — judged by demand…3-Minute Read MarketsGene MunsteriPhone China Ban Is Largely ImmaterialShares of AAPL have recently declined by about 3% based on investor concern that an expanded iPhone ban for Chinese government employees and its affiliated companies will dampen Apple's sales. My math suggests the worst case scenario is a 1% negative impact on Apple's overall revenue in 2024. The bigger question is what's the long-term impact of the US and China moving in a different direction? The answer: Softness in China can be offset by strength in India. Read More AppleDoug ClintonWe Know the IPO Window Is Open. The Real Question Is How Wide?What ARM, Instacart, and Klayvio will tell us about the future.Read More MarketsLoad More Go Deeper Philosophy Learn how we think. From time to time, we find it helpful to articulate our investment philosophies in writing. Read The Newsletter Our work sent directly to your inbox. Subscribe to our newsletter for a regular summary of our work, along with links to stuff we’re reading. Subscribe Deepwater TV Insights, interviews, and debates on topics we find relevant to growth investing. Watch
