Technology
Apple’s stock could rise 30% if it strikes an Nvidia deal for AI, this analyst says
Key Points
Apple’s stock could rise 30% if it strikes an Nvidia deal for AI, this analyst says A Rothschild analyst suggests Apple could improve upon its ‘subpar’ AI efforts by deploying Nvidia’s open-source models Apple’s artificial-intelligence efforts have been “disappointing,” but one analyst sees room for the iPhone maker to turn things around, possibly by partnering up with Nvidia. The smartphone maker hasn’t spent nearly as much money as fellow Big Tech companies on AI, and its foundation models...
Apple’s stock could rise 30% if it strikes an Nvidia deal for AI, this analyst says
A Rothschild analyst suggests Apple could improve upon its ‘subpar’ AI efforts by deploying Nvidia’s open-source models
Apple’s artificial-intelligence efforts have been “disappointing,” but one analyst sees room for the iPhone maker to turn things around, possibly by partnering up with Nvidia.
The smartphone maker hasn’t spent nearly as much money as fellow Big Tech companies on AI, and its foundation models are “far from the frontier” level and “subpar,” according to Rothschild & Co Redburn analysts. That led Apple AAPL to strike a deal for use of Alphabet’s GOOG GOOGL Gemini models so that it can offer generative AI services to its customers.