The AI investment boom encounters a backlash of capital expenditure, and Apple unexpectedly becomes a safe haven due to its conservative strategy.

Analysts say that Apple, due to its less aggressive spending on artificial intelligence compared to its big tech competitors, is facing criticism from Wall Street. However, this strategy has suddenly become a blessing for this iPhone manufacturer. Investors are beginning to scrutinize the massive spending on AI by companies such as OpenAI, Meta, and Microsoft, leading to drastic fluctuations in some of the biggest momentum trades this year. As a result, Apple's position is being reevaluated. Although it is still considered a potential winner in AI, it does not have the risk of heavy capital expenditure, and it has plenty of cash on its balance sheet. This makes Apple's stock a potential safe haven in the tech industry as AI trades continue to unwind. Brian Mulberry, portfolio manager for Zacks Investment Management, said, "Apple has a positive feeling in that they don't have to answer the big question that others must answer, which is: 'What is the return on capital investment in all these other areas?'"