Apple Stock (AAPL) Backed by Bernstein as ‘Gateway to the Intelligence Revolution’

Core Viewpoint - Apple Inc. is positioned as a key player in the AI sector, with Bernstein initiating coverage with an "Outperform" rating and a price target of $290, highlighting its potential to benefit from advancements in artificial intelligence [1][3]. Group 1: Investment Outlook - Bernstein believes Apple is "the gateway to the Intelligence Revolution" and is well-positioned to leverage AI advancements [1]. - The resolution of the Google DOJ remedies is seen as a positive development for Apple, removing previous uncertainties and allowing for potential partnerships in AI [2][3]. - Apple is expected to drive strong earnings per share (EPS) growth through user base expansion and share buybacks, although there are significant risks in AI and new devices [3]. Group 2: Competitive Landscape - While Apple shows potential as an investment, there are other AI stocks that may offer greater upside potential with less downside risk [4]. - The report suggests that certain undervalued AI stocks could benefit from trends such as Trump-era tariffs and onshoring, indicating a competitive landscape for investment opportunities [4].