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via finance.yahoo.comMarkets

Bernstein sees Apple as tech safe haven, reiterates Outperform with $380 target

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Bernstein stated in a note on Thursday that Apple (NASDAQ: AAPL) has become a safe haven for investors fleeing riskier AI stocks, and it argues that the iPhone maker's record-high valuation is justified. Our AI stock portfolio is beating the S&P 500 by 118%.…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishAn analyst note supports Apple's valuation as investors flee riskier AI stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Bernstein reiterated its Outperform rating and $380 target on Apple.
  2. 02Apple spends about 2% of revenue on capital expenditures.
  3. 03Apple partnered with Google for AI models, many running on devices.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Apple Inc.AAPLStock355.63 USDMarket closedtoday +2.04%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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