
Can Apple stock go much higher? Analysts don’t think so. Here’s why
Analysts expect Microsoft and Nvidia to become more profitable than Apple before the end of the 2020s.
Analysts expect Microsoft and Nvidia to become more profitable than Apple before the end of the 2020s.
Apple joined the great AI arms race this week after months of lagging behind big tech rivals like Google, Microsoft and Meta, unveiling a series of products juiced with artificial intelligence that it has pitched as a more secure, privacy-focused alternative to how its competitors process requests in the cloud.
Hours after Apple announced “Apple Intelligence” — its new generative artificial intelligence initiatives — billionaire Elon Musk blasted the announcement in a series of tweets. If Apple “integrates OpenAI at the OS level,” all Apple devices will be banned at his companies, Musk says.
Apple’s largest announcement revolved around artificial intelligence enhancements that will soon be added to iPhones, Macs and its digital assistant, Siri.
If you believe Nvidia’s CEO that we’re amidst a “new industrial revolution,” then an investment in Nvidia is akin to an investment in the steam engine in the 1700s.
A widespread outage of Apple’s instant messaging service was reported Friday morning, with thousands of users reporting problems on Downdetector, though Apple reported shortly after 7 p.m. that the issue had been “resolved.”
Apple sparked online outrage after releasing an ad for the new iPad Pro, which unintentionally mirrored the fierce controversy around generative AI in the arts.
Apple’s new M4 chip could lay the groundwork for new AI features.
As we edge closer to the expected unveiling of the next iPhones, the iPhone 16 series, there have already been numerous leaks, from different displays on some models to wider implementation of the exceptional tetraprism camera, more efficient OLED displays and an improved main camera sensor. Now, there’s a report of a change that’s a complete surprise: a change to MagSafe. Not only might this mean a better look, but a significant performance uptick, too.
At Berkshire Hathaway’s first annual shareholders meeting since the death of former vice chairman Charlie Munger, CEO Warren Buffett projected the company’s record-setting cash pile would exceed $200 billion this year and spoke highly of Apple, despite the company’s Saturday earnings report showing it sold off a significant portion of its shares in the tech giant.