Right here’s how Apple’s inventory can surge within the face of rising reminiscence prices – Imperial Wire

Apple traders fixated on the hovering value of reminiscence chips are lacking the larger image, in response to one analyst.

Whereas Bernstein analyst Mark Newman estimates that part prices for the subsequent iPhone could possibly be 15% larger this 12 months, he doesn’t see that as a motive to be anxious. Newman hiked his value goal on Apple’s inventory

AAPL to $340 from $325 on Tuesday, writing that “the larger story can be Apple Intelligence / Siri 2.0 coming someday this 12 months.”