Apple shares soar on AI optimism – Axios
Apple shares reversed course from yesterday to close at a new record following a slew of bullish Wall Street takes on the company's AI announcements.
Why it matters: Today's 7.3% pop suggests many investors believe that Apple's AI strategy may help reinvigorate sales of its single most important device, the iPhone.
What they're saying: "Older stuff will be obsolete if you want AI — including all those iPhones bought during COVID. We now have more conviction in our Super Cycle thesis that could even result in iPhone revenue growth of about 20% for up to two years," Ben Reitzes, an analyst with Melius Research, wrote, per MarketWatch.
💭 My thought bubble: This, like most Apple stories, is about an ecosystem play. From controlling both its hardware and software to designing specific Apple user experiences (blue bubbles vs. green bubbles) — analysts see AI now as another glue trap that binds customers to their Apple products.
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
Why it matters: Today's 7.3% pop suggests many investors believe that Apple's AI strategy may help reinvigorate sales of its single most important device, the iPhone.
What they're saying: "Older stuff will be obsolete if you want AI — including all those iPhones bought during COVID. We now have more conviction in our Super Cycle thesis that could even result in iPhone revenue growth of about 20% for up to two years," Ben Reitzes, an analyst with Melius Research, wrote, per MarketWatch.
💭 My thought bubble: This, like most Apple stories, is about an ecosystem play. From controlling both its hardware and software to designing specific Apple user experiences (blue bubbles vs. green bubbles) — analysts see AI now as another glue trap that binds customers to their Apple products.
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
