HSBC Analyst Upgrades Apple Stock to Buy Amid AI Strategy Shift

HSBC analyst Nicolas Cote-Colisson upgraded Apple from Hold to Buy and raised its price target to $366, citing a shift in the company's approach to artificial intelligence. The firm noted that unlike hyperscalers spending heavily on capital expenditures for AI infrastructure, Apple is leveraging existing devices with minimal capex.

By Hillary Remy Sat, July 18, 2026 at 1:33 AM GMT+3 5 min read · Yahoo Finance · July 17, 2026, 22:33 UTC

Tickers: $AAPL $HSBC

Topics: AI Strategy Apple Capex Analysis Earnings Outlook HSBC

Read the full article at Yahoo Finance

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