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Barchart
Barchart
Yiannis Zourmpanos

HSBC Says Apple Is Entering a Powerful New Upgrade Cycle. What That Means for AAPL Stock.

So far, artificial intelligence has mostly been considered in terms of infrastructure investments, which have attracted all the investors' attention to companies like Nvidia (NVDA) and hyperscalers. The situation might start changing soon as HSBC is convinced that Apple (AAPL) is approaching the time when it can benefit from having a big installed base instead of engaging in an AI arms race. At the same time, the company has one of its best product lines ever, which makes Apple ready to enter a new upgrade cycle as it takes back the title of the world's most valuable publicly traded company from Nvidia.

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