Fisher Boosts Apple Stake by 1.2M Shares Amid Bullish Outlook

Fisher Asset Management LLC, managed by Ken Fisher, has increased its stake in Apple Inc (AAPL) by 1,179,763 shares.

This significant transaction makes up a substantial portion of the hedge fund's position in AAPL.

The AI Analyst at TipRanks, Spark, has given AAPL an 'Outperform' score, citing exceptional profitability and cash-flow strength as key drivers.

However, Spark notes that near-term supply, cost, and FX headwinds, along with higher operating expenses, may temper upside potential.