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Apple Spent Under $15bn on AI and Beat Every Mag 7 Peer
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Apple Spent Under $15bn on AI and Beat Every Mag 7 Peer
The consensus for two years was that Apple had missed artificial intelligence. It had no frontier model, no hyperscale data centre programme, and a voice assistant that had become a punchline. That consensus is now wrong in the only way markets ultimately score: Apple is the best-performing member of the Magnificent Seven in 2026, up roughly 25% year to date and ahead of Nvidia, while spending an estimated sub-$15 billion on capital expenditure …
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