Wedbush: Apple will lead the consumer AI experience revolution, stock price expected to rise by another 15%

According to the Zhitong Finance and Economics APP, Wedbush analyst Dan Ives reiterated that Apple (AAPL.US) will lead the way in how consumers use and experience artificial intelligence. Dan Ives said, "We believe Wall Street is beginning to realize that with the arrival of Apple Intelligence, Apple will become the gatekeeper of the consumer AI revolution."

Dan Ives added, "Developers/other tech giants (such as Meta, Google) may join in the near future." He stated, "AI will bring Apple a stock price increase of $30 to $40 per share. This will be nearly 15% higher than the current level."

It is reported that Apple introduced Apple Intelligence at this month's 2024 Worldwide Developers Conference (WWDC24). Apple Intelligence leverages large language model capabilities to understand and generate language and images, and can simplify and accelerate daily tasks across applications based on the user's context. Apple Intelligence can run not only on dedicated Apple chip servers but also locally on Apple devices, selecting the correct mode of operation based on different task loads.

In addition, the highly anticipated OpenAI artificial intelligence chatbot ChatGPT is confirmed to be integrated into multiple new generations of Apple operating systems such as iOS 18. Apple hopes to eventually bring consumers the models they want to choose, and in the future, they may integrate different AI models, such as Google's Gemini. It is reported that in addition to Google Gemini, Apple may also integrate Meta's AI models into the system, and negotiations are underway between the two parties