It is diluted 21
Dan Ives, a technology analyst at Wedbush, once again emphasized that Apple will dominate how consumers use and experience artificial intelligence.
Eves, Apple (Nasdaq: Apple) Taurus, tweeted on Sunday, “We think the Street is starting to realize that with Apple Intelligence on the doorstep, Cupertino will be… Guardians of the Consumer AI Revolution.”
“Other developers/technologists (Meta (META), Google (GOOG) (GOOGL) may be present in the near term)) he added.
This echoes comments Ives made last week at the Seeking Alpha Investing Summit, where he said AAPL was on its way to a $4 trillion market cap, where it owns consumer AI.
“AI adds $30 to $40 per share to the Apple story,” Ives added. That would reach approximately 15% of current levels.
The Wall Street Journal reported on Sunday that Apple is in talks with Meta about incorporating its parent Facebook’s generative artificial intelligence into Apple Intelligence.
The post AI adds $30-$40 to Apple’s stock price – Dan Ives (NASDAQ:AAPL) first appeared on Investorempires.com.