Tripp Mickle

And, you know, you can kind of, even though it's a publicly traded company, I've often thought of it kind of the same way I've thought of family-owned companies.

You have, you know, the...

The founder who starts a business, the son who takes over the business and takes it to new unprecedented business heights.

And then the grandson usually comes along or the granddaughter and kind of screws it all up.

And like for John, it's going to be critical not to be the third.

the third rung of that ladder, right?

But that is a very common trajectory for family-run businesses.

And his ability to avoid that predicament is going to come down to conquering AI and figuring out how to make Apple important in the AI era.

But that's because Tim's still there, right?

Tim Cook's there.

It's providing reassurance to investors.

And investors have been...

of a mixed mind about Apple and AI over the past few years.

They're both thrilled that Apple isn't investing in data centers at the same rate and degree that its peers are.

They've avoided this CapEx arms race, but they're also uneasy about the fact that Apple may be left behind.

The fact that the stock didn't move, I think, is more indicative of the comfort of knowing Tim Cook is going to still be there.

They're training wheels right now.

And until those training wheels come off, I don't think we can really have a firm sense of what investors think of the company.

I don't know about you, Patrick, but...

And one last thing.