Bernstein comments on Apple (AAPL.US) Q4 results: If you want to avoid AI trades, it's an option; if you're looking for a clear AI winner, not necessarily.

Zhitong Finance APP has learned that in the first quarterly earnings report after John Ternus took over as CEO, his framing was that "Apple is the best company on earth." Bernstein's follow-up question was: Is it the best stock on earth? The report's answer depends on what investors wantif they want to avoid the AI trade without fully giving up exposure to tech stocks, while believing that this globally leading technology franchise is better positioned in AI than most people fear, the answer may be yes; but if they are looking for clearer near-term AI winners, Apple probably is not one.