Microsoft's latest artificial intelligence announcements highlight a key catalyst coming for the tech mega-cap and four other portfolio names: the hardware refresh cycle. During his keynote at Microsoft's Build last week, CEO Satya Nadella touted the company's new artificial intelligence-integrated computers . The forthcoming CoPilot+ PCs, slated to roll out next month from Microsoft and other personal computer makers, are powered by advanced chips.
While the news has not been confirmed by management directly, an integration of this could boost sales for Apple's Personal Computing segment as customers flock to the latest model. PCs play a much smaller role in Apple's overall bottom line compared to the iPhone, but more Mac users broadly will boost Apple's high-margin Services revenue, which we see as a key growth driver for the Club's "own it, don't trade it" stock. 3.