Loop Says Apple (AAPL) Is Looking to China for Memory Supply Relief

Apple (NASDAQ:AAPL) is one of the 14 AI Stocks Making Moves on Wall Street: Nvidia, Micron, and More.

On June 29, Loop reiterated the stock as “Buy.” The firm noted that its channel checks show Apple is looking into China for “memory relief.”

Following up on our previous trail of breadcrumbs pointing towar ds AAPL looking deeper into using local content in/from China for myriad reasons, the recent news of AAPL lobbying the US Government to allow for procurement of DRAM from Chinese CXMT [ChangXin Memory Technologies} is right on course with our ongoing research.

Apple has reportedly begun launching a lobbying campaign seeking clearance from the Trump administration to source memory chips from CXMT, as per The Financial Times. CXMT is blacklisted in the U.S. owing to its alleged ties to the Chinese military.

Loop Says Apple (AAPL) Is Looking to China for Memory Supply Relief

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Earlier this month, the Pentagon updated the 1260H list which blacklisted memory chipmakers CXMT and YMTC as well as dozens of other Chinese groups based on their alleged links to the People’s Liberation Army. Even though Apple is not prohibited from buying chips from CXMT or YMTC, such deals can lead to reputational risks for U.S. firms.

Apple is a technology company known for its consumer electronics, software, and services.

While we acknowledge the risk and potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AAPL and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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