Apple AI Strategy Under Fire: Wedbush Demands $75-Per-Share Boost Amid Criticism
Apple’s AI strategy is under intense scrutiny as Wedbush Securities calls for a $75-per-share valuation boost. Analysts criticize the lack of innovation, urging transformative AI acquisitions to stay competitive.
Apple AI Strategy: The Elephant in the Room
Dan Ives, a senior analyst at Wedbush Securities, slammed Apple’s Worldwide Developers Conference (WWDC) for its lack of a strong AI strategy. Key concerns include:
- No clear AI roadmap for Siri or other services
- Hardware upgrades overshadowing AI innovation
- Internal AI development appears stagnant
Wedbush Valuation Push: $75-Per-Share Potential
Wedbush maintains an “Outperform” rating but insists Apple must act now. A major AI acquisition, like Perplexity, could boost valuation by $75 per share. Competitors are pulling ahead with aggressive AI deals.
Siri Evolution: Falling Behind in the AI Race
Apple’s voice assistant has failed to keep pace with AI advancements. Critics highlight:
| Issue | Impact |
|---|---|
| Lack of generative AI features | Losing to ChatGPT, Google Assistant |
| Slow development cycle | Developers shifting focus |
Tim Cook Leadership at a Crossroads
With key AI executives departing and COO Jeff Williams retiring, pressure mounts on Cook. Analysts demand:
- Product-focused leadership
- Faster AI adoption
- Clear innovation pipeline
Apple stands at a critical juncture. Without bold AI moves, it risks becoming a relic in the tech revolution. The next five years will define Cook’s legacy and Apple’s future.
FAQs
Why is Wedbush pushing for a $75-per-share valuation boost?
Wedbush believes a transformative AI acquisition could significantly enhance Apple’s market position and stock value.
What AI company does Dan Ives suggest Apple acquire?
Ives specifically mentioned Perplexity, a generative AI startup, as a potential target.
How does Siri compare to other AI assistants?
Siri lags behind in generative AI capabilities, with competitors like ChatGPT and Google Assistant offering more advanced features.
What leadership changes are happening at Apple?
Key AI executives have departed, and COO Jeff Williams is retiring, raising concerns about Apple’s innovation pipeline.
