Apple will likely need to increase its capital expenditures from its current level of 3% of revenue to support its AI initiatives.

Apple now produces its own M1 chip for Wi-Fi and Bluetooth, which had led to Broadcom being designed out of new iPhones, Macs, and iPads.

Apple's upcoming Baltra server chip will be a version of the M5 Ultra with 4x the performance on both the GPU and CPU.