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I rate AAPL stock a Buy with a 12-month price target of $295 (~16.
Apple's unified memory hardware enables cost-effective deployment of local AI models on devices.
KEY POINTS
- Apple devices' privacy features help meet compliance needs in sensitive industries, increasing ecosystem lock-in.
- TurboQuant and similar AI breakthroughs enhance Mac hardware advantages, supporting higher Mac demand and prices.
- AI-driven tailwinds for Apple are underappreciated, suggesting potential for higher-than-expected services growth.
COMPANIES
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