$Apple(AAPL)$ AAPL has been solid lately, and after a year out, jumping back in feels like a smart call. The price action definitely looks promising, and that $200 support level is a nice cushion for the short-term. I agree that the valuation isn't exactly cheap, but it feels fair, especially with the cash they have on hand.
The whole AI play with Tim Cook potentially acquiring something like Perplexity AI could be huge for them. If they can integrate more AI into Siri and the iPhone, that could spark some serious momentum and drive the stock even higher. I’m also all for them not overpaying—Apple's always been good at strategic acquisitions.
I think building up your position gradually makes sense too. It’ll give you a chance to watch how things develop with AI and any other key drivers.
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