Apple is poised to dominate the consumer AI landscape, according to Wedbush tech analyst Dan Ives. An avid supporter of Apple (NASDAQ
), Ives reiterated his confidence in the company’s future on Sunday.
“We believe the Street is starting to recognize that with Apple Intelligence on the doorstep, Cupertino will be the gatekeepers of the consumer AI Revolution,” Ives tweeted.
Ives suggested that developers and other tech giants like Meta (META) and Google (GOOG) (GOOGL) could also play significant roles in the near term.
These statements align with comments Ives made last week at the Seeking Alpha Investing Summit, where he projected that Apple is on track to achieve a $4 trillion market cap, driven by its dominance in the AI consumer market.
“AI adds $30-$40 per share to Apple’s story,” Ives noted, indicating a potential increase of nearly 15% from current levels.
Further emphasizing Apple’s commitment to AI, Apple has been in discussions with Meta about incorporating the Facebook parent’s generative AI into Apple Intelligence.
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