Jim Cramer Dismisses Apple Sell Call and Recommends Buying Chip Stock
Apple shares dipped nearly 1% after KeyBanc downgraded the stock to underweight with a reduced price target. Jim Cramer of CNBC's Investing Club dismissed these concerns, advocating for continued confidence in Apple despite analyst warnings about slowing growth due to carrier subsidy cuts and higher device prices.
Topics: Apple Inc. Arm Holdings Federal Reserve HSBC IBM inflation data KeyBanc