Apple (AAPL.US) Becomes a Safe Haven Amid AI Sell-Off; Bernstein: 37x P/E Ratio Still “Not Expensive”

According to Jinzi Finance APP, amid the recent sell-off of AI concept stocks, Apple (AAPL.US) is regarded by the market as a "safe haven" among tech stocks due to its extremely low capital expenditure and minimal reliance on AI servers. As a result, its price-to-earnings (PE) ratio has been pushed to a historic high. Bernstein released a research report that provides an in-depth analysis of the rationale behind Apple’s 37x forward PE ratio and maintains an "Outperform" rating on the stock with a target price of $380.