Apple: Piper Sandler warns AI optimism is already priced into the stock
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AI PCs are garnering interest; Apple the greatest share gainer
July 10, 2024 6:41 AM EDTAccording to Evercore ISI analysts, preliminary data from IDC shows a positive trend in the PC market with unit shipment growth accelerating in the second quarter (Jun-qtr) of 2024 to +3.0% year-over-year (y/y).
This follows a return to growth in the first quarter (+1.9% y/y). Evercore ISI highlights two key drivers for this growth: "commercial refreshes and initial tailwinds from AI PCs."
Evercore says that... More

