Jim Cramer on Apple: “Anyone Who Makes Phones or Computers Is a Victim of the Memory Shortage”

Company Overview - Apple Inc. (NASDAQ:AAPL) manufactures and sells devices such as the iPhone, Mac, iPad, along with its line-up of wearables and accessories, supported by its app ecosystem, AppleCare, and cloud tools [2]. Market Performance - Apple’s stock has experienced a continuous decline for eight weeks, attributed to the memory shortage affecting companies that produce phones and computers, leading to increased costs for storage devices [1]. - The stock market dynamics show a flow of investment moving back and forth between the "Magnificent Seven" stocks and storage plays, with Apple being impacted by the current market conditions [1]. Investment Perspective - While Apple is recognized as a potential investment, there are opinions suggesting that certain AI stocks may offer greater upside potential and carry less downside risk compared to Apple [3].