Apple's Anti-AI Position Is Becoming Stock Market Baggage
4 Articles
4 Articles
Apple’s Anti-AI Position Suddenly Becomes Stock Market Baggage
Apple Inc.’s status as an anti-artificial intelligence play helped the stock tear through the first half of the year as investors grew skeptical of the AI trade. But that sentiment has flipped, and the shares are suddenly struggling.
Apple, which for months was the anti-artificial intelligence bet and benefited from skeptical investor, now suffers a brutal twist: while the market rewards the big IA spenders, its shares fall 10% from their peak, dragged by the expensive memory chips and the shadow of an overly expensive folding iPhone. *** 10% fall: Apple shares have lost 10% from their historic peak of July 28, while Nasdaq 100 rises 8% in the same period. Anti-IA strategy: …
Could Apple stock jump 30%? This Nvidia AI bet may hold the key
Apple stock (NASDAQ: AAPL) could have roughly 31% upside after Rothschild & Co Redburn upgraded the shares to Buy from Neutral and raised its price target to $400 from $260. Rothschild & Co Redburn upgraded Apple to Buy from Neutral and lifted its price target to $400 from $260. Analysts led by Timm Schulze-Melander argue that Apple could strengthen its AI position by relying on open models, potentially including technology from Nvidia. There is…
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