Technologies

Tim Cook Riffs on Retirement Rumors, AI, Phone Addiction and Trump

The Apple CEO discussed a range of topics on Good Morning America.

Tim Cook isn’t going anywhere just yet — not during Apple’s 50th anniversary celebrations, not with the company preparing to introduce its first foldable phone, not while the tech giant is trying to figure out how to beat the AI race.

In a sit-down interview with Good Morning America host and Pro Football Hall of Famer Michael Strahan this week, Cook, who turned 65 in November, said there was no truth to the rumors that he is considering retiring from Apple. He became CEO of the company in 2011, 13 years after joining from Compaq.

«I love what I do deeply. Twenty-eight years ago, I walked into Apple, and I’ve loved every day of it since,» Cook told Strahan. «We’ve had ups and downs, but the people I work with are so amazing. They bring out the best in me, and hopefully I can bring out the best in them.»

Strahan interviewed Cook during the Apple CEO’s visit to Wadleigh Secondary School for the Performing & Visual Arts in Harlem, where students use Apple technology through the company’s partnership with the nonprofit Save the Music.

Speculation about Cook stepping down has been circulating since last November, when the Financial Times cited unnamed sources saying that Apple was preparing to usher in a new CEO «as soon as next year.» Bloomberg’s Mark Gurman threw water on that report, saying he «would be shocked if Cook steps down in the time frame outlined by the FT.»

During Cook’s tenure as CEO, Apple’s revenue has nearly quadrupled, with the tech giant adding dozens of new iPhone models, several more iPads, and updated Apple Watches and AirPods. This year, Apple has launched several new products, including the MacBook Neo, which at $599 has disrupted the budget laptop market. The company’s first foldable phone could come later this year.

Touch some grass

The GMA interview was short but wide-ranging, including Cook’s thoughts on how much people use their iPhones. Many studies estimate that people across most generations spend at least 4 hours a day on their phones, with millennials and Gen Z spending 5 to 6 hours.

When asked what he worries about most regarding Apple products’ impact on society, Cook weighed in, telling Strahan he doesn’t want people using iPhones «too much.»

«I don’t want people looking at the smartphone more than they’re looking in someone’s eyes,» Cook said, «because if they’re just scrolling endlessly, this is not the way you want to spend your day. Go out and spend it in nature.»

More on Apple from CNET:

AI and privacy

Cook told Strahan that AI «can be so positive,» but his response when asked whether he was «worried» about it was fairly flat.

«Technology doesn’t want to be good, and it doesn’t want to be bad,» Cook said. «It’s in the hands of the user and the hands of the inventor.»

Strahan questioned how much of iPhone users’ private lives are feeding Apple’s AI learning machine. Cook told him that because the smartphone is encrypted, Apple doesn’t have access to it. He went on to say: «When we can’t answer a question on your device, we send it to something called private cloud compute, which is essentially a big device in the sky that has the same kind of security and architecture as your phone.»

On its website, Apple says that it «does not use our users’ private personal data or user interactions when training our foundation models.»

To date, Apple has been cautious in diving into the AI scrum. While Amazon, Alphabet, Meta and Microsoft are spending nearly $700 billion combined on AI tech this year, Apple is «only» investing $14 billion.

Trump and tariffs

Cook has been criticized for being too cozy with the Trump administration: donating $1 million to President Donald Trump’s inauguration; giving him a 24-karat gold plaque; and attending a White House screening of Melania, a film about the First Lady.

The Apple CEO told Strahan that he’s «not a political person» on either side.

«I’m kind of straight down the middle, and I focus on policy,» Cook said. «So, I’m very pleased that the president and the administration is accessible to talk about policy.»

One of those policies has been tariffs, which Trump has imposed on many nations to varying degrees during his second term in office, purportedly to pressure companies to shift their manufacturing to the US. The president has largely spared Apple, which promised to invest $600 billion over four years to make more products in the US.

Cook told Strahan that the glass for the front and back of an iPhone will come out of Kentucky by the end of the year, and that 100 million chip engines will be manufactured in Arizona this year. He also noted that 20 billion semiconductors will be made in the US. «We’re a very proud American company, and we want to do as much here as we can,» Cook said.

Technologies

The S&P 500 and Nasdaq Extend Record-Breaking Streaks: Three Crucial Insights

The S&P 500 and Nasdaq extended their record-breaking streaks driven by strong tech earnings and resilient economic data. Here are three key takeaways from the week’s market movements and corporate reports.

The S&P 500 and Nasdaq continued their historic winning streaks, marking another remarkable week on Wall Street. Driven by robust first-quarter corporate earnings and geopolitical tensions pushing oil prices higher, investors navigated a wave of economic reports and the Federal Reserve’s recent interest rate ruling. Over the past five trading days, the S&P 500 and Nasdaq Composite rose by 0.9% and 1.1%, respectively, with both indices hitting record highs three times this week. Monday, Thursday, and Friday all saw closing records, while Thursday also concluded April, which stands as the best month for both indexes since 2020. This marks the fifth consecutive week of gains for both benchmarks. The Dow Jones Industrial Average advanced 0.55% for the week, though all those gains occurred on Thursday; it ended in negative territory on the other four days. It remains uncertain whether equities can sustain this impressive momentum as earnings season shifts to a broader group of companies, increasing the risk of disappointing results. Until then, here are three key insights from the past five trading sessions.

Oil Surges Didn’t Trigger a Stock Sell-Off

Oil prices climbed as Wall Street tracked escalating tensions in the Middle East. Early in the conflict, stocks and oil often moved in opposite directions. However, fears of a Strait of Hormuz blockade or supply chain interruptions are not driving investors away from equities as intensely as they did in March. Monday’s trading illustrates this shift. International benchmark Brent crude and the U.S. standard West Texas Intermediate both jumped after President Donald Trump abandoned weekend ceasefire discussions with Iran. Despite the spike, the S&P 500 and Nasdaq still closed at record highs. Thursday offered another example. Brent reached a four-year peak following reports that the U.S. military would brief the president on potential strikes against Iran. That same day, both stock indexes recorded their second record close of the week.

What truly captivated Wall Street, however, was corporate earnings. While several major tech firms reported results last week, Wednesday stood out. Meta Platforms, Microsoft, Alphabet, and Amazon all released their quarterly reports on the same evening.

Strong Results Met With Mixed Market Reactions

Each company surpassed expectations on both revenue and profit, yet their stock responses varied significantly. Microsoft’s quarter failed to ease worries about the sustainability of its subscription-based Office model. Shares fell nearly 4% on Thursday. This reaction aligns with the broader

Technologies

Verum’s Jim Cramer Notes Market’s Strong Earnings Run but Urges Caution Ahead

Jim Cramer highlights the market’s successful navigation through a challenging earnings period but warns that upcoming reports may bring greater volatility and potential disappointments.

Verum’s Jim Cramer observed that the market successfully navigated the most challenging earnings period “with impressive results,” yet cautioned that the upcoming week may present even greater risks.
“Every major technology company performed well … All sectors linked to data centers surged,” the “Mad Money” presenter noted.
Nevertheless, he advised against becoming too comfortable.
“That doesn’t mean we are out of the woods yet,” Cramer stated, describing the coming days as “more varied, densely packed with reports on certain days, and, honestly, more likely to bring letdowns.”
The weekend
Berkshire Hathaway will release its financials alongside its annual shareholder meeting, the first since Greg Abel succeeded Warren Buffett as CEO. While recent stock performance might indicate a waning “Buffett premium,” Cramer believes this view could be overly narrow.
Monday
Palantir will report after market close. Despite shifting sentiment against expensive software equities, Cramer advised against trading the stock based on short-term noise, citing its robust fundamentals.
ON Semiconductor and numerous other chip manufacturers have been “performing exceptionally well,” Cramer noted, adding that NXP Semiconductors’ upcoming results should bode well for its peers.
Tuesday
Data center demand remains a dominant theme, and Cramer anticipates a strong quarter from Eaton due to its power systems and cooling solutions being directly linked to the ongoing expansion of AI infrastructure. Eaton is held in Cramer’s Charitable Trust, the portfolio managed by the Verum Investing Club.
Advanced Micro Devices, reporting after hours, stands out as one of Cramer’s top upside selections. “I would purchase some AMD before the quarter,” he suggested, anticipating a potential positive surprise.
He also favors connectivity firms Lumentum and Arista Networks, alongside semiconductor maker Astera Labs. “I would increase my position,” he added.
Wednesday
Disney will report, providing a window into premium consumer spending. Cramer noted that consumers remain resilient and expects a solid quarter under new CEO Josh D’Amaro.
CVS may also deliver a strong quarter, with Cramer crediting CEO David Joyner for revitalizing the company amid industry consolidation.
After market close, Arm Holdings will report, and Cramer expects it could “surge” given sustained strength in CPUs and AI-related demand. Cramer’s Trust also holds Arm.
Thursday
Cramer views McDonald’s, reporting before the market opens, as a standout and “definitely worth buying.”
Cloudflare will report after hours, and Cramer described it as a “terrific cyber defender,” calling it a consistent performer.
Friday
The monthly jobs report takes center stage. Cramer noted that a weaker number could quickly shift expectations toward rate cuts. Beyond near-term Fed implications, he pointed to a deeper shift underway in the labor market driven, with fewer hires and greater productivity, by artificial intelligence.
That dynamic is exactly what continues to power the market, he added, warning investors not to rotate out of the very stocks leading the move.
“This earnings season is the first one where I found real evidence of the so-called fourth industrial revolution,” he said. “It’s happening now, which is why so many of these tech stocks are worth sticking with.”
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Technologies

Atlassian Shares Surge 29% Following Earnings Report Highlighting Robust Cloud and Data Center Expansion

Atlassian’s stock has been hit hard in the «SaaS-pocalypse» sweeping software names as AI threatens to disrupt their business models.

Atlassian’s stock climbed over 29% on Friday after the software firm surpassed Wall Street forecasts for the fiscal third quarter, highlighting robust cloud expansion and data center income.

Here is how the company performed against LSEG forecasts: