$Apple(AAPL)$  Apple just made a move to strengthen its long-term AI play. Evercore ISI kept its Outperform rating and $365 target after the announcement of a multi-year custom silicon and wireless connectivity partnership with Broadcom.

From a trading standpoint, this looks like more than just another supplier agreement. It gives Apple more control over key tech, boosts its strategic independence, and should help with future upgrades to Apple Intelligence.

The race for AI hardware is getting more intense, and Apple seems to be setting itself up for the next phase. It will be interesting to see how the market starts to value this long-term strategic edge.

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