From NASDAQ: 2024-09-16 20:15:00

Renowned tech analyst Dan Ives predicts a “supercycle” for Apple (NASDAQ: AAPL) with the new iPhone 16, fueled by the introduction of Apple Intelligence. This AI platform in iPhones is expected to drive demand and result in a surge in app development, potentially boosting Apple’s stock by $30 to $40 per share.

While Apple is making a significant AI push, competition is fierce, with Microsoft integrating AI tools like Copilot into its software and hardware. The AI revolution might not be solely led by iPhones, as Microsoft’s AI offerings in Windows PCs could also play a major role in shaping the future of consumer AI development.

Investors considering Apple stock should note that while Apple is making strides in AI, it may not immediately translate into a significant market impact. The long-term success and impact of AI on Apple’s stock performance will likely be a gradual process, with potential for growth in demand and stock value over time. Consider diversifying your portfolio with other top stock picks to maximize returns.

For investment insights, consider The Motley Fool Stock Advisor’s top 10 stock picks that could yield significant returns in the coming years. Apple was not among the recommended stocks, highlighting the potential for other investments to outperform. Stock Advisor provides a proven strategy for success, offering recommendations on building a strong portfolio and delivering strong returns compared to the S&P 500.



Read more at NASDAQ: Dan Ives Predicts an Apple “Supercycle” With the New AI-Optimized iPhone. What Could This Mean for the Stock?