$Apple(AAPL)$ Apple staying conservative on AI capital spending doesn't look like weakness to me, it looks like strategy. Instead of burning billions chasing hype, Apple is letting the AI arms race play out, watching which platforms actually deliver durable value, and then positioning itself to integrate or partner once the winners emerge. Same logic as outsourcing a vehicle fleet: skip the upfront cost, skip the maintenance burden, and use proven solutions once the market sorts itself out. Apple's strength has always been disciplined timing rather than reckless speed, and in AI, that discipline could end up being its biggest competitive advantage.