Apple's (https://www.marketwatch.com/story/apple-just-gave-a-subtle-clue-that-a-splashy-ai-acquisition-may-be-in-the-cards-110f5ce2?mod=mw_rss_topstories) for AI deals just rang the speculation bell at maximum volume. Here's a company printing $100B+ in annual free cash flow with bulletproof margins — yet they're suddenly willing to blow capital on AI trinkets instead of the disciplined capital allocation that built their empire.

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