HSBC upgrades Apple rating to buy, saying it "has reached an operating turning point"
The company's stock rating was upgraded to buy, which also reflects Wall Street's continued confidence in the iPhone manufacturer. At present, a large number of artificial intelligence-related targets are weak, and Apple's market position highlights its advantages. Nicholas Cote-Collison, an analyst who previously gave Apple a hold rating, wrote that Apple "has now reached an operating turning point." On the one hand, the company no longer needs to bear the market's controversy over high capital expenditures. On the other hand, relying on 2.5 billion existing devices and the upcoming new Apple Intelligence system, it has sufficient development advantages. Apple's stock price has performed well recently, with an increase of more than 20% since the end of June, and its stock price hitting a record high.