Reported 7 months ago
Despite an initial decline in Apple's (AAPL) shares, investors have shown optimism towards the tech giant's AI announcements. Analyst Antoine Chkaiban from New Street Research discusses the potential of Apple's AI initiatives following their Worldwide Developers Conference (WWDC), expressing doubts about on-device AI driving significant user experiences due to hardware limitations. While Chkaiban believes the stock is fairly valued, he notes the uncertainty surrounding whether AI alone can prompt a new product cycle. These insights provide a balanced perspective on Apple's recent developments and market reactions.
Source: YAHOO