2026년 2월 21일 · Unknown · financial · 출처 Yahoo Finance
This article first appeared on GuruFocus.
Apple (NASDAQ:AAPL) is getting a rare vote of confidence at a time when the broader hardware space is running into a wall of rising memory costs. According to Evercore ISI, investor conversations over the past week suggest the market is overwhelmingly bullish on memory suppliers and cautious on hardware OEMs.
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DRAM and NAND prices have jumped more than 50% quarter over quarter, creating margin pressure for companies that rely heavily on those components. That helps explain why memory stocks have surged this year. Micron (NASDAQ:MU) is up 49% year to date, Seagate (STX) 48%, Western Digital (NASDAQ:WDC) 67%, and Sandisk (NASDAQ:SNDK) a staggering 165%. The trade is clear. Own the suppliers, not the buyers.
Apple, however, stands out. Even though shares are down 4% year to date, investors appear more constructive. Evercore notes fewer bear arguments circulating around the name, with attention shifting toward the iPhone 17 cycle, potential upside in late 2026 and 2027, and a more controlled capex story.
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