Hold AAPL by Jul 25, 2026.

People say Apple has been a winner in AI by doing nothing. In my opinion, this is false and it is going to start showing as soon as this quarter. The reason is that AI-caused shortages in chips, memory will hit smartphones and consumer devices hard. Because the margins are far greater for AI chips and HBM memory, companies bidding for TSMC, SK Hynix, and Samsung chip wafers can outbid Apple. This means Apple will have to make a choice: …