Why Apple (AAPL) Stock Is Winning the AI Race Without Spending a Fortune
TLDR
- Apple stock climbed 3.5% on Friday, nearing its 52-week high of $334.99
- Investors are rewarding Apple’s low-cost AI strategy, built on partnerships with OpenAI, Nvidia, Alphabet, Alibaba, and Baidu
- Rivals Amazon and Alphabet are each planning to spend $200 billion on AI infrastructure in 2026
- Apple beat Q3 earnings estimates with $2.01 EPS vs $1.95 expected, on revenue of $111.18 billion
- Consensus analyst rating is “Moderate Buy” with a price target of $327.40
Apple (AAPL) stock climbed 3.5% on Friday, hitting $332.97 and touching near its 52-week high of $334.99, as investors warmed to the company’s lean approach to artificial intelligence.
While rivals are burning cash at a historic pace, Apple is doing something different — and Wall Street is starting to notice.
Amazon and Alphabet are each planning to spend around $200 billion on AI infrastructure in 2026. Apple, by contrast, is choosing partnerships over spending.
Apple has teamed up with OpenAI, Nvidia, and Alphabet to power AI features across its devices. In China, it’s working with Alibaba and Baidu to deliver AI-powered services to that market.
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