Apple is an exception to a bearish hardware view: it is not spending on data centers like others. Cheaper memory will benefit Apple, which will pocket it into margins.

you have to be bearish hardware with the exception of Apple really because they're not spending on data centers like this until uh we end up getting a deal with Iran.

then who benefits? Apple, AMD, Nvidia, basically anybody who's packaging their logic next to memory that benefits from cheaper memory.

The same is going to be true for Apple. They'll just pocket it into the margins.