Apple shares edge higher after Loop Capital reiterates a Buy rating, citing potential memory component sourcing from China.
Loop Capital reaffirmed its Buy rating on Apple (AAPL) as speculation grows over the company’s potential use of memory components from China. Shares of the iPhone maker rose slightly in early trading Monday, reflecting investor interest in the supply chain shift.
The move follows broader discussions about Apple’s diversification strategies amid geopolitical tensions. Analysts have noted the company’s efforts to reduce reliance on single suppliers, though no official announcement has been made regarding China-based memory sourcing.
Market reaction was muted, with AAPL trading fractionally higher ahead of further developments.