Wall Street Breakfast The iPhone enters the AI era
Sep 8, 2024
Anticipation builds as Apple's upcoming iPhone event is set to unveil groundbreaking AI features. The economic landscape is in focus with the August CPI potentially influencing the Fed's interest rate cuts. Meanwhile, GameStop is experiencing a surge in options activity ahead of its earnings report. Discussions also highlight Elon Musk's AI startup exploring revenue sharing with Tesla. Stay tuned for key corporate developments and potential stock opportunities emerging from market insights.
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Apple's Big AI Push
- Apple's iPhone 16 event is anticipated to unveil new iPhones and Apple Watch models.
- The main focus will be on its new AI platform, Apple Intelligence.
Apple's History of Innovation
- In 2007, Apple made mobile data a reality with the iPhone, similar to how cellular carriers invested in data licenses years prior.
- Alex King suggests the new iPhone's AI features might not be revolutionary now, but will solidify AI's presence for consumers and investors.
Apple: Top AI Stock Pick
- Citi names Apple its top AI stock pick, surpassing NVIDIA and Arista.
- Positive developer feedback on iOS 18 beta AI features, like AI object removal, encourages iPhone upgrades.