Deepwater's Gene Munster shares bull case for Apple despite down days

Summary

Gene Munster, managing partner at Deepwater Asset Management, joins Fast Money to present a bull case for Apple despite its recent underperformance. He highlights December earnings upside, the new Siri release, a 2026 earnings catalyst, and a long-term opportunity for Apple in AI consumer devices. He also flags China/Taiwan geopolitical exposure and rising memory costs as key risks to monitor.

• Gene Munster remains bullish on Apple despite recent underperformance.
• He expects Apple to beat December revenue guidance with roughly 13% growth.
• The new Siri release is framed as a pivotal catalyst for Apple's multiple.
• Gene sees a long-term opportunity for Apple as an AI device company.
• China/Taiwan geopolitical exposure is described as the main downside risk.
• Rising memory costs could pressure Apple's gross margins.
• Tesla is cited as an analogy for recasting a hardware business around physical AI.