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Home » Apple Inc. (NASDAQ:AAPL) unveils new iPad Mini with game-changing Apple Intelligence and A17 Pro chip, analysts warn AI sales expectations are overstated
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Apple Inc. (NASDAQ:AAPL) unveils new iPad Mini with game-changing Apple Intelligence and A17 Pro chip, analysts warn AI sales expectations are overstated

adminBy adminOctober 21, 2024No Comments6 Mins Read
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We recently compiled a list of 15 AI news that investors should miss. In this article, we’ll take a look at where Apple Inc. (NASDAQ:AAPL) stands on other AI news that investors should not miss.

Thanks to breakthroughs in artificial intelligence, the share of global stock markets associated with disruptive innovation is expected to increase from 16% to 60% by 2030, according to Ark Investments, an investment management firm focused on disruptive technologies. I am. With inflation turning deflationary in several sectors, the company expects its five innovation platforms – robotics, energy storage, AI, blockchain, and multi-OMIC (biological analysis) sequencing – to drive macroeconomic growth in the coming years. We believe that this will have a significant impact on the indicators.

“Interest rates are likely to be unexpectedly lower than expected, magnifying share price gains from some stocks and reinforcing the need for diversified investments in AI.” -Catherine Wood, CEO and CIO

To learn more about these developments, visit BlackRock’s 30 Most Important AI Stocks and Beyond the Tech Giants: 35 Non-Technology AI Opportunities.

One of the firm’s next-generation internet ETFs benefited from holdings in companies involved in innovative technology and outperformed broad global stock indexes in the third quarter. The fund’s year-to-date performance is 16.81%, outperforming its category by 1.59 percentage points year-to-date.

In light of this trend, technology reporter Kate Rooney, appearing on CNBC’s “The Exchange,” revealed how Wall Street is trying to profit from the AI ​​boom by using AI itself. The new world of generative AI is starting a “hedge fund arms race,” according to Rooney. Today’s modern versions of AI are better than human traders in many ways. They learn from their mistakes and become smarter in the process, ultimately minimizing human intervention. Add to this the rise of OpenAI and Anthropic, and these “off-the-shelf” models tend to be cheaper.

Additionally, while human traders may be competent, they often get emotional and tend to make mistakes. This is why Intelligent Alpha CEO Doug Clinton believes that “lack of emotion” is AI’s strength, or “superpower.” That said, the show will discuss how hedge funds are currently turning to AI to “stay ahead of the market,” and how the use of AI will ultimately help improve decision-making on the ground. I made it clear. Companies like OpenAI and Anthropic have raised significant capital to date, but ultimately need enterprise clients to scale. Wall Street is an ideal environment because of its reliance on data and analytics.

Intelligent Alpha has launched a first-of-its-kind ETF named after famous stock trader Jesse Livermore. This ETF uses OpenAI’s ChatGPT, Anthropic’s Claude, and Google’s Gemini to build a global stock portfolio. Companies participating in AI could gain an advantage with a price tag in the millions of dollars, according to Clinton.

“What this does is it adds intelligence to the index, which by definition is like a set of rules that are not smart. Take that emotion away from the active aspects that we are caught up in. As you know, we make mistakes and sometimes they compound. By solving these two problems, I think AI has the potential to really capture a lot of value in terms of assets flowing into these new AI-powered funds.” – Intelligent Alpha CEO

To learn more about these trends, visit Goldman Sachs’ 10 Unsexy AI Stocks and Goldman Sachs’ 10 Hottest AI Stocks.

methodology

In this article, we selected AI stocks by examining news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.

Why are we interested in stocks that hedge funds invest in? The reason is simple. Our research shows that by mimicking the top stock picks of the best hedge funds, you can outperform the market. Our quarterly newsletter strategy selects 14 small- and large-cap stocks each quarter and has returned 275% since May 2014, outperforming the benchmark by 150 points (Click here for details).

Apple Inc. (NASDAQ:AAPL) unveils new iPad Mini with game-changing Apple Intelligence and A17 Pro chip, analysts warn AI sales expectations are overstatedApple Inc. (NASDAQ:AAPL) unveils new iPad Mini with game-changing Apple Intelligence and A17 Pro chip, analysts warn AI sales expectations are overstated

Apple Inc. (NASDAQ:AAPL) unveils new iPad Mini with game-changing Apple Intelligence and A17 Pro chip, analysts warn AI sales expectations are overstated

Apple Inc. (NASDAQ:AAPL)

Number of hedge fund holders: 184

Apple Inc. (NASDAQ:AAPL) is an American multinational corporation and technology company that designs, manufactures, and markets smartphones, tablets, PCs, wearables, and accessories around the world. The company uses artificial intelligence in several ways. Apple’s launch of Siri makes it the first widely used AI-enabled natural language processing (NLP) assistant.

Apple Inc. (NASDAQ:AAPL) this month launched its most important product, Apple Intelligence. It is a set of software tools that brings artificial intelligence to your devices. Instead, on October 15, it announced a new iPad mini equipped with the A17 Pro chip and Apple Intelligence. According to an Apple press release, the A17 Pro features faster CPU and GPU, a 2x faster Neural Engine, and support for Apple Intelligence compared to the previous generation iPad mini.

“There’s no other device in the world like iPad mini. iPad mini is loved for combining powerful performance and versatility with the most portable design. iPad mini appeals to a wide range of users. With the powerful A17 Pro chip, fast connectivity, and support for Apple Pencil Pro, the new iPad mini is built for Apple Intelligence and delivers powerful new features that are personal and private. “It delivers the complete iPad experience in a portable design at an incredible price.” – Bob Borchers, Apple’s vice president of worldwide product marketing.

On Monday, October 7, Jefferies downgraded the company’s stock from “buy” to “hold,” saying that expectations for sales of new AI-powered iPhones are too high and that smartphone technology will take time to truly support AI. He said it would take a while.

Entire AAPL 2nd place It’s on the list of AI news that investors can’t miss. While we see AAPL’s potential as an investment, we believe some AI stocks are more likely to deliver higher returns and do so in a shorter time frame. If you’re looking for AI stocks with more promise than AAPL, but trading at less than 5x earnings, check out our report. cheapest AI stocks.

Read next: 8 Best Wide Moat Stocks to Buy Now and The 30 Most Important AI Stocks by BlackRock.

Disclosure: None. This article was originally published on Insider Monkey.



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