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Why Apple may get the ‘last laugh’ in AI as rivals double down on spending craze - MarketWatch

1. Apple's capital spending on AI is notably lower than competitors. 2. Analysts suggest Apple's cautious approach may pay off in free cash flow. 3. Apple's free cash flow is projected to exceed net income in fiscal 2024. 4. Rival tech giants face potential scrutiny over high capital expenditures. 5. Apple's strategy positions it well amidst its competitors' spending frenzy.

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FAQ

Why Bullish?

Apple's lower spending coupled with strong free cash flow shows financial prudence, boosting investor confidence.

How important is it?

Apple's strategic position amidst rising AI investments by competitors significantly affects its market perception.

Why Long Term?

As Apple's free cash flow outpaces rivals, long-term growth potential increases, similar to past performance during tech booms.

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