Jim Cramer considers Apple (AAPL) a “free rider” due to its strategy of partnering with Google for AI development, thereby saving billions in investment. Despite a 4.5% stock increase over the past year, it’s down 5.6% year-to-date. Analysts from Evercore ISI and Goldman Sachs maintain “Outperform” and “Buy” ratings respectively, with price targets of $330, citing the forthcoming Apple Intelligence AI platform and accelerating App Store spending.
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Apple (AAPL)’s A Free Rider, Says Jim Cramer
Jim Cramer considers Apple (AAPL) a “free rider” due to its strategy of partnering with Google for AI development, thereby saving billions in investment. Despite a 4.5% stock increase over the past year, it’s down 5.6% year-to-date. Analysts from Evercore ISI and Goldman Sachs maintain “Outperform” and “Buy” ratings respectively, with price targets of $330, citing the forthcoming Apple Intelligence AI platform and accelerating App Store spending.