> This is an obvious moat for Apple who can offer a cheaper alternative for training, inference AI server farms.

According to Bloomberg, Apple's inference server farms are a flop: https://9to5mac.com/2026/03/02/some-apple-ai-servers-are-rep...

  the chips [...] are not powerful enough to run the latest frontier models like Gemini, which the new Siri will be based on

Go a little bit deeper than what the media directly wants you to think.