Michael Eisenberg

Apple has the best consumer CPUs (M-series) and is close to edge data. As AI models get smaller and stronger through distillation and specificity, they will run on edge devices like iPhones and Macs. Apple is well-positioned to capture the shift from cloud-based GPUs to edge inference, making it a strong long-term bet.

Intel is making a remarkable comeback due to the extreme difficulty of chip design and manufacturing, and its stock has been the best performer globally over the last six months. This demonstrates that Intel's turnaround is real and the moat in semiconductors is very hard to overcome.