Overview
- Bloomberg reporting says investors are reassessing Apple as a potential haven because it carries less AI capex risk and holds substantial cash.
- Apple’s planned capital expenditures are about $14 billion for its fiscal year ending September 2026 versus projections of more than $94 billion for Microsoft and over $70 billion for Meta in 2025.
- Multiple reports say Apple and Google are nearing a deal to power a Siri upgrade with a custom Google model for roughly $1 billion a year, which has not been confirmed by the companies.
- During last week’s AI-spending-driven sell-off, Apple’s shares finished nearly flat while many peers fell sharply, and its stock is up 31% in the second half of the year.
- Analysts including Brian Mulberry and Brian Pollak argue Apple can deliver AI features by integrating third-party models, reducing the need for massive in-house investment.