Apple Stock: Capex-Light AI Amid Regulatory Uncertainty (Rating Upgrade) (NASDAQ:AAPL)
· seekingalpha.com
Apple's capex-light AI strategy pairs with nearly $16 in operating cash flow per $1 of capex, and shares look undervalued on P/FCF. See more on AAPL's bull case.
I last covered Apple ( AAPL ) in September 2023, emphasizing its product stickiness amid the competition posed by Huawei, which was aggressively investing in ar...