Apple Has Won The Generative AI War: Here Comes The Supercycle

Summary:

  • Apple has finally entered the generative AI race with significant updates coming to their next iPhone releases.
  • The company has generated stable product revenues in a tough market, while still showing double-digit services revenue growth.
  • I value the stock on a sum of the parts basis.
  • I reiterate my buy rating ahead of the generative AI supercycle.
Apple Holds Annual Worldwide Developers Conference

Justin Sullivan/Getty Images News

Apple (NASDAQ:AAPL) has finally confirmed its entrance into the generative AI war, and its stock is moving sharply higher. That might be because the company might not be facing any opposition in its generative AI ambitions, leading me to suspect that the


Analyst’s Disclosure: I/we have a beneficial long position in the shares of AAPL, GOOGL, BRK.B either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am long all positions in the Best of Breed Growth Stocks Portfolio.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


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