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Apple will dominate how consumers use and experience AI, Wedbush tech analyst Dan Ives stressed again.
Ives, an Apple (NASDAQ:AAPL) bull, tweeted Sunday “We believe the Street is starting to recognize that with Apple Intelligence on the doorstep Cupertino will be the gatekeepers of the consumer AI Revolution.”
“Developers/other technology 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 Investing Summit, where he said AAPL is on its way to a $4T market cap, owning the AI consumer.
“AI adds $30-$40 per share to Apple story,” Ives added. That would be of as much as nearly 15% from current levels.
Apple has been in talks with Meta about integrating the Facebook parent’s generative AI into Apple Intelligence, the Wall Street Journal reported Sunday.