Apple ups U.S. infrastructure spend by $100B to $600B as price target is revised
Apple said it will boost domestic infrastructure spending by $100B, lifting its total U.S. capex commitment to $600B as AI-driven computing demand surges. A leading analyst on February 11 revised Apple’s price target, signaling updated revenue and shipment forecasts.
1. Infrastructure Spending Boost
In August, Apple announced a $100B increase in its U.S. infrastructure budget, bringing cumulative capex to $600B. The move aims to expand data center capacity and support AI-driven computing growth across its ecosystem.
2. Analyst Price Target Revision
On February 11, a leading Wall Street analyst adjusted Apple’s stock price target, reflecting revised forecasts for iPhone unit shipments and services revenue, though the updated target range was not disclosed.
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