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Apple will dominate the way consumers use and experience AI, Wedbush technology analyst Dan Ives stressed again.
Ives, an apple (NASDAQ:AAPL) Bull, tweeted on Sunday: “We think the street is starting to recognize that with Apple Intelligence just around the corner, Cupertino will be the guardians of the consumer AI revolution.”
“Developers/other tech stalwarts (Meta (META), Google (GOOG) (GOOGL) could be in the near term),” he added.
This echoes comments Ives made last week at the Seeking Alpha Investment Summit, where he said AAPL is on its way to a $4 trillion market cap by owning consumer AI.
“AI adds $30 to $40 per share to the Apple story,” Ives added. This would be equivalent to almost 15% of current levels.
Apple has been in talks with Meta about integrating Facebook’s parent company’s generative AI into Apple Intelligence, the Wall Street Journal reported Sunday.