bullish

With demand for AI computing expected to continue outstripping supply, one analyst is doubling down on his bullish view of major chip players.

As October drew to a close, investors turned their attentions to the final two months of the year — a period that’s historically bullish — while wondering whether a year-end rally is already underway.

The spending disparity, apparent in Apple’s Thursday earnings release for the three months through September, the final quarter of its fiscal year, is a bullish development for shareholders.

Of 31 analysts surveyed by FactSet who cover the stock, 19 are bullish, 10 are neutral and two are bearish.

The old joke on Wall Street is that this doesn’t happen “until the last bear turns bullish.”