So far, artificial intelligence has mostly been considered in terms of infrastructure investments, which have attracted all the investors' attention to companies like Nvidia (NVDA) and hyperscalers. The situation might start changing soon as HSBC is convinced that Apple (AAPL) is approaching the time when it can benefit from having a big installed base instead of engaging in an AI arms race. At the same time, the company has one of its best product lines ever, which makes Apple ready to enter a new upgrade cycle as it takes back the ******* le of the world's most valuable publicly traded company from Nvidia.
Apple is the largest consumer technology company in the world that designs iPhones, Macs, iPads, wearable products, and an expanding ecosystem of services. Headquartered in Cupertino, California, the company has a market capitalization of nearly $4.9 trillion, thus making Apple one of the most valuable businesses in history.
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