HSBC upgrades Apple to Buy, sees "strong cycle ahead"

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Morgan Stanley comments on Apple (AAPL) AI chips

July 20, 2026 5:09 AM EDT

Morgan Stanley analyst Erik Woodring reiterated an Overweight rating and $360.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "Last week The Information reported performance of Apple's M2 Ultra AI server chip was "struggling" and that Apple is on the lookout for... More