Did Apple Just Get a Boost From Democrats? Data Center Moratoriums Could Benefit the iPhone Maker

Apple faces near-term pressure on gross margins due to soaring memory chip prices driven by AI data center demand. However, potential Democratic-led data center moratoriums in key states could reduce demand for high-bandwidth memory chips, easing pricing pressure. While short-term headwinds exist, Apple's long-term fundamentals remain strong with pricing power and growing services business expected to drive sustained earnings growth.