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Apple Targets Nvidia's AI Economics with Latest Macs

Guavy AI Editorial Team
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AAPL NVDA
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Apple's stock has been on an upward trend this year, with shares climbing 7% since the unveiling of the iPhone 18.

A new foldable iPhone and a disciplined AI-spending approach have contributed to Apple's success. According to MarketWatch, the company is pitching its newest Macs as a way for businesses to run powerful AI models without paying per-token cloud charges, taking aim at Nvidia's AI economics.

Apple's options trading has been active, with 1.28 million contracts traded on September 22nd, and 4.72 million open interest. The company's Officer, Jennifer Newstead, intends to sell 10.57 million in common stocks, reducing her shareholding by 8,632 shares since August 11th.

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