Rosenblatt Initiates Sandisk at Buy With $2,400 Target on AI NAND Demand

Apple is developing enterprise AI servers built around future M8 Ultra processors, with designs under consideration using either two or four of the chips and a possible 2029 launch aimed primarily at AI inference, The Information reported on September 16. Apple has also considered using Nvidia's NVLink Fusion technology to connect those processors, though neither the server nor Nvidia's involvement is finalized and the project could still change or disappear entirely. For Nvidia, NVLink Fusion extends its interconnect strategy to custom CPUs and accelerators made by other companies, creating a second line of defense around its AI franchise; networking equipment can represent 10% to 15% of AI data-center hardware costs, giving Nvidia a meaningful revenue pool beyond GPUs even if it loses higher-value compute sales. Apple's M-series chips already combine performance with relatively efficient power consumption, and selling complete servers would let it pursue AI developers, governments and businesses that want local inference, but a 2029 target leaves years for competitors to improve and would mark a re-entry into a server business Apple abandoned when Xserve disappeared in 2011. Insider Monkey tracked 169 hedge funds holding Apple in the second quarter versus 170 in the first, with Arrowstreet Capital increasing its position 54% to roughly 29.9 million shares, while Nvidia rose to 285 hedge-fund holders from 275 as Arrowstreet increased its NVDA stake 10% to about 34.7 million shares.