Apple explores chip acquisitions to bolster AI server capabilities

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Jefferies on Apple (AAPL): 'We still believe the key challenge to Apple Intelligence is lack of app data'

July 16, 2026 12:53 PM EDT

Jefferies analyst Edison Lee reiterated a Hold rating and $299.88 price target on Apple (NASDAQ: AAPL).

The analyst comments "Apple's stock was up 4%, driven likely by 1) China's approval of BABA's model for Apple Intelligence, and 2) strong sell through recently. We see... More