Apple investors’ focus shifting to artificial intelligence

Wall Street analysts say now that Apple has launched its spatial computing headset, Apple Vision Pro, investor focus is shifting to the company’s upcoming announcements on artificial intelligence, especially generative AI.

Patrick Seitz for Investor’s Business Daily:
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That news could be a major catalyst for Apple stock.

On a conference call with analysts on Feb. 1, Chief Executive Tim Cook said Apple will share its exciting work in the AI space later this year.

Wedbush Securities analyst Daniel Ives thinks Apple will detail its AI innovations at its Worldwide Developers Conference, or WWDC, in June.

“We believe the ‘Super Bowl moment for Apple’ will be when Cook & Co. finally take the covers off the generative AI technology being worked on in the labs of Apple Park and introduce it to developers and consumers at WWDC,” Ives said in a note to clients this week.

Apple is likely to add AI features to its iPhone 16 smartphone lineup this fall, Ives said. That will kick off a new cycle of growth for Apple, he said.

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MacDailyNews Note: Ives currently has an “Outperform” rating on Apple stock with a 12-month target price of $250.
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