Apple 'Operating In An Alternative Universe,' Says Top Analyst, As Cupertino's Strategy Will Likely Weather Margin-Squeezing Effect Of AI Spending

Quick Summary:

Alphabet, Inc.(NASDAQ:GOOGL) (NASDAQ:GOOG) last week flagged higher capex spending as it battles to gain supremacy in the artificial intelligence arena, and nervy investors sold off the stock on worries concerning a potential margin contraction.

What Happened: Alphabet, Amazon, Inc.(NASDAQ:AMZN), Microsoft Corp.(NASDAQ:MSFT) and Meta Platforms, Inc.(NASDAQ:META) are on track to increase capex by about 43% this year, said Deepwater Asset Management’s Gene Munster in a post on X, formerly Twitter.

Apple is a standout among the mega-cap techs, he suggested.“In what seems like it's operating in an alternate universe, $AAPL's CapEx is expected ...

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Author / Journalist: Shanthi Rexaline

Category: Technology

Markets: United States

Topics: Gene Munster News AAPL Tech Benzinga US0231351067 Markets Equities US38259P7069 Artificial intelligence US5949181045 META AMZN MSFT US38259P5089 GOOGL Consumer Tech US0378331005 GOOG Stories That Matter Expert Ideas

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 07:32:09 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 409 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 21850679

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