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▲ Apple (AAPL), Foldable iPhone, AI Infrastructure/AI Generated Image
Apple (AAPL) surged nearly 5%, fueled by anticipation for a foldable iPhone and news of expanding its artificial intelligence (AI) infrastructure using Google Cloud, raising expectations of re-breaking its 52-week high.
According to financial media outlet FX Leaders on July 3 (local time), Apple closed up 4.84% at $308.63 in Thursday's trading. The stock price once again approached its 52-week high, and investors reacted more strongly to the upcoming iPhone product cycle and the potential for AI infrastructure expansion than to recent concerns about rising memory costs.
The biggest catalyst is the anticipation for the next iPhone lineup. Apple is reportedly preparing at least five new iPhone models between late 2026 and the first half of 2027. Among these, the key product mentioned is the foldable premium model, iPhone Ultra. Apple is said to have increased its production target for foldable models from the previous 7-8 million units to approximately 10 million units.
The pricing strategy also stimulated investor sentiment. Market estimates suggest that the price of the foldable model could reach approximately $2,500, and the price could increase further with higher storage capacity. FX Leaders reported that if Apple can create a new premium iPhone tier, it could help defend average selling prices and margins.
Expectations of easing memory cost burdens also served as a factor in the stock price increase. Apple is reportedly exploring supply options with Chinese semiconductor manufacturers, including ChangXin Memory Technologies and Yangtze Memory Technologies. As AI server demand absorbed DRAM and NAND supply, memory prices surged, and Apple recently raised prices for some Mac, iPad, home devices, and Vision Pro products.
Apple's AI infrastructure strategy also garnered market attention. Apple is expanding its privacy-focused AI computing system, Private Cloud Compute, to Google Cloud for the first time. This system incorporates confidential computing protection devices utilizing NVIDIA (NVDA) Blackwell GPUs, Intel (INTC) TDX, and Google Titan Chips. FX Leaders reported that Apple aims to enhance its cloud AI processing capabilities while maintaining its privacy-centric approach.
The technical trend also leaned bullish in the short term. Apple's stock price is above all major moving averages on the 4-hour chart, with the first resistance zone indicated at $309-$310. If this zone is breached, the next target becomes $317.40, near the 52-week high. Conversely, the first support level is $299.59, and the $294-$296 range is presented as a critical price level that buying pressure must defend.
[Article Key Summary]
-Apple closed up 4.84% at $308.63 on expectations of a foldable iPhone and AI infrastructure expansion.
-Apple is reportedly preparing at least five new iPhone models between late 2026 and the first half of 2027, with the production target for foldable models said to have been raised to approximately 10 million units.
-If the stock price breaks through $309-$310, $317.40, near the 52-week high, is considered the next resistance level.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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