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HSBC Ups Apple to Buy Amid AI Shift | Durham News
Apple’s stock just shattered its all-time high, hitting $334, as analysts rally behind its unstoppable momentum. But here’s the twist: HSBC just flipped its stance from “Hold” to “Buy,” boosting its target to $366, calling it an “operational turning point.” Once focused on AI infrastructure spenders, HSBC now sees Apple’s genius: leveraging its massive device ecosystem to ride the AI wave without massive capital outlays. With new iPhones, a foldable device, and agentic Siri on the horizon, HSBC believes Apple’s upgrade pipeline is just beginning—and the market hasn’t priced in the upside yet…
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