$Apple(AAPL.US) and AI for tonight: Bottom Line: Investors will soon start to warm up to what Apple will deliver next year.
1. Tonight investors aren't expecting to hear much, only that they reiterate that the new Siri comes out early next year. 2. I expect Apple's AI investment cadence will be consistent with the past, fractional compared to $Meta Platforms(META.US), $Alphabet - C(GOOG.US), $Microsoft(MSFT.US) and $Amazon(AMZN.US). They're investing around $12-$15B a year, compared to the others at more than $60B. 3. The reason why I expect investors to start to warm up on no new material updates is that we're getting close to the launch of the new Siri, now likely only 5 months away. This means we're entering the window when expectations start to rise.Source: Gene Munster
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