Apple Inc. (AAPL) could surprise investors as Wall Street rallies behind the iPhone maker’s potential entry into the AI race. Fundstrat’s Tom Lee is optimistic about Apple’s strategic moves in the market. Peers like Daniel Ives and Jim Cramer urge Apple to acquire Perplexity AI, while Bloomberg suggests a measured approach to building AI capabilities.

In a conversation with CNBC, Tom Lee hints at Apple’s readiness to make a significant move into AI without needing to pay for existing models. However, he doesn’t explicitly endorse the acquisition of Perplexity AI, but he believes Apple is strategically positioned to surprise investors.

There are contrasting views on Apple’s potential acquisition strategy for AI capabilities. While some experts advocate for acquiring companies like Perplexity, others like Dav Lee suggest a more cautious approach of hiring individual talent. This measured strategy could mitigate risks associated with large acquisitions.

The recommendation for Apple to make strategic acquisitions in AI is influenced by an upcoming antitrust ruling against Google, which could impact Apple’s default search deals. Analysts like Daniel Ives emphasize the need for Apple to pursue significant partnerships to stay competitive in the AI space and attract top developers.

Read more at Yahoo Finance: Apple Is Going To Surprise Wall Street, Says Tom Lee, As iPhone Maker ‘Could Be Quietly Ready To Pounce On AI’