$Apple(AAPL.US)

It's not advisable to bottom-fish Apple now. Referencing Xiaomi's trend, although history doesn't repeat itself, we can always find some commonalities.

Wait at least six months to see, let the bullet fly for a while.

With storage prices remaining high, Apple's days won't be too easy.

Now the issue isn't Apple acquiring storage chips at a high price, but whether it can get the goods due to HBM crowding out.

Unless it can be lifted by Chinese storage, the fundamentals are unlikely to improve.

The risk outweighs the reward.