Apple Analysts Dissecting iPhone Maker's 'Dark Chapter' Pin Hope On One Thing For Tide To Turn: 'If Humanity Needs Devices In The Future...'
Portfolio Pulse from Shanthi Rexaline
Apple Inc. (AAPL) has experienced a decline in stock performance, diverging from other major tech stocks. Despite this, analysts like Gene Munster from Deepwater Asset Management remain optimistic about Apple's long-term prospects, citing the company's large user base, diverse range of services, and potential in personalized AI services. Munster predicts a seasonal slowdown but sees growth opportunities, especially with Apple's upcoming AI initiatives. Analyst Ming-Chi Kuo warns that Apple needs to launch superior generative AI services to stay ahead of competitors like Nvidia. Apple's focus on AI was underscored by the cancellation of its self-driving car project.
March 06, 2024 | 9:51 am
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Apple Inc. remains a focal point for optimism among analysts despite recent stock performance dips, with a strong user base and potential growth in AI services.
Gene Munster's optimism, based on Apple's user base and potential in AI services, suggests a positive outlook. The focus on AI, especially with the upcoming foundation AI model, could drive growth and counteract seasonal slowdowns. However, competition from companies like Nvidia and the need for innovative AI services are challenges Apple must navigate.
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