© Reuters. Tim Cook’s AI Efforts Have Wedbush’s Dan Ives Excited: ‘We View Apple Like Meta 18 Months Ago’
Benzinga – by Rounak Jain, Benzinga Staff Writer.
Apple Inc. (NASDAQ:AAPL) CEO Tim Cook’s first mention of AI during the December quarter earnings call has Wedbush’s Dan Ives excited about the iPhone maker’s prospects going forward.
What Happened: Ives thinks despite headwinds in markets like China, Apple can navigate them as it looks to speed up its AI efforts. He says Apple is entering a “new growth cycle,” with AI and iPhone being its two primary growth drivers.
“We view Apple like Meta 18 months ago… entering a major growth cycle despite Street giving no credit,” Ives said in a post on X.
We view Apple like Meta 18 months ago…entering a major growth cycle despite Street giving no credit…with AI about to tap into an installed base of 2.2 billion and iPhone growth (ex tough comps) now growing again. China will grow again in 2H our view
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