Dan Ives Says Apple Stock Is Headed To $300, Tim Cook Could Claim 'Godfather Of AI' Title: 'It's Their Castle'

Quick Summary:

Wedbush analyst Dan Ives often refers to Nvidia Corp (NASDAQ:NVDA) CEO Jensen Huang as “the Godfather of AI.” The tech analyst may have to adjust his phrasing as he believes Huang could end up sharing the title with Apple Inc’s (NASDAQ:AAPL) Tim Cook.

What To Know: Monday on CNBC’s “Power Lunch,” Ives made the case that Apple is on the brink of an AI supercycle that will make it the face of the AI revolution for the consumer.“I think for Apple right now, they’re at the top of the mountain because it’s their castle,” Ives said.

Apple unveiled a slew of new AI-powered features at its Worldwide Developers Conference (WWDC) at the beginning of the month. Several analysts lifted price targets on Apple stock following WWDC, highlighting the company’s massive active installed base of more than 2.2 billion iOS devices.Ahead of the event, ...

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Author / Journalist: Adam Eckert

Category: Technology

Markets: United States

Topics: Benzinga Trading Ideas Analyst Color Stories That Matter Dan Ives News AI Jensen Huang NVDA Expert Ideas Long Ideas AAPL Tim Cook CNBC US67066G1040 Top Stories Consumer Tech Artificial intelligence Tech US0378331005

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-24 @ 20:50:38 (6 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 475 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 37 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 21374487

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