Apple has new $186 billion market opportunity in edge AI, potential for growth.

From Nasdaq: 2024-06-10 05:45:00

Apple’s revenue growth has stalled, and its Vision Pro mixed reality headset may flop. It’s now third in market cap behind Microsoft and Nvidia. But don’t count Apple out yet. With a new $186 billion market opportunity, the company could reinvent itself once again.

Alphabet and Nvidia CEOs believe AI, especially generative AI, could be bigger than the internet. Edge AI, running on devices, offers advantages over cloud-based AI. The edge AI market could reach $143.6-$186 billion by 2032. Apple, with over 2.2 billion devices, is well-positioned to lead in edge AI.

Morgan Stanley predicts Apple will excel in the edge AI market. The company’s vast user base and powerful chips make it a strong contender. Some may be disappointed by Apple’s recent AI announcements, but more edge AI functionality is expected in the future.

Although Apple has a significant edge AI market opportunity, investing in the stock is not a straightforward decision. The company must prove it can return to strong growth. The Motley Fool recommends 10 other stocks for investors, as Apple wasn’t among them.

Investing in Apple for edge AI potential may not be a no-brainer. While Apple is positioned well, the success of edge AI is not guaranteed. Consider Stock Advisor’s recommended stocks, which have historically outperformed the S&P 500. Watch for future developments in Apple’s edge AI strategy.



Read more at Nasdaq: Meet Apple’s New $186 Billion Market Opportunity