1. The article analyzes two stocks, SLB and Costco, with SLB having potential upside due to its strong position in the oil industry and Costco facing risks from its high valuation. 2. Interest in low-volatility growth stocks reflects a risk-averse market, but investing in cyclicals and emerging markets may offer better long-term safety. 3. The author suggests that high-quality cyclical and emerging market stocks, despite their volatility, may provide more safety and value in the long run.

1. Apple's introduction of Apple Intelligence challenges Nvidia's dominance in the AI race by running Gen AI on non-Nvidia servers. 2. Apple's AI strategy has led to a richer valuation for AAPL, despite concerns about its high stock price. 3. Apple Intelligence is expected to boost iPhone sales and enhance the Average Selling Price (ASP) through increased memory requirements and premium pricing for AI-enabled devices.

1. The article evaluates British American Tobacco (BTI) using Benjamin Graham's framework for defensive stock selection, focusing on dividend safety, growth potential, and valuation. 2. BTI meets all criteria set by Graham, including stable financial strength, consistent dividend payments, and adequate earnings growth. 3. The stock is currently undervalued according to Graham's P/E methodology, offering a significant discount and a high dividend yield.