NewsHK
The artificial intelligence spending race has reset investor expectations across the technology sector, and that pressure has landed on the world's most closely watched consumer hardware company.
Wall Street is hoping John Ternus, widely discussed as Apple's next chief executive, will shift Apple's AI strategy by spending more and pursuing larger mergers, in a bid to restore the capacity for surprise that critics say the company has lost.
The critique driving that hope is blunt. Apple has grown too predictable.
Against the backdrop of a capex cycle that has rewarded rivals willing to commit capital fast, that is a liability the buy-side is no longer inclined to overlook.
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