HSBC upgrades Apple to a buy rating.

HSBC Holdings upgraded Apple Inc's stock rating to Buy on Friday, reflecting Wall Street's increasing confidence in the iPhone maker. At present, a large number of AI-related stocks are weak, highlighting Apple's market advantage. Analyst Nicholas Court-Collison, who previously gave Apple a Hold rating, wrote that Apple is now at a turning point in operations. On one hand, the company no longer needs to bear the controversy over high capital expenditures, and on the other hand, with 2.5 billion existing devices and the upcoming new Apple Intelligence system, it has significant development advantages. Apple's recent stock performance has been impressive, with a more than 20% increase since the end of June, reaching a new all-time high.