Apple Inc.'s stock experienced a notable increase, rising 3%, following an upgrade by Bernstein Societe Generale Group from 'Market Perform' to 'Outperform'. The upgrade, influenced by a reassessment of Apple's position in China and its product cycle, comes with a price target of $195. Bernstein's analysis suggests the current weakness in Apple's China business is more cyclical than structural, despite concerns over the iPhone 15 cycle. This optimism is shared ahead of Apple's upcoming earnings report later this week, with Bernstein encouraging investors to 'buy the fear'.