Larry Ramer
1 min read
In This Article:
Predicting that Apple Inc. (NASDAQ:AAPL) will unveil significant, new technical advancements next month, Goldman Sachs kept a $253 price target and a Buy rating on the shares in a note to investors released on May 21.
Goldman Makes Predictions About Apple Inc. (NASDAQ:AAPL)'s Upcoming Moves
During Apple's Worldwide Developers’ Conference, slated to take place between June 9 and June 13, the tech giant is likely to announce that it will provide developers with AI models, the investment bank predicted. These models will enhance the developers' ability to create effective apps, Goldman explained.
A wide view of an Apple store, showing the range of products the company offers.
Further, Apple Inc. (NASDAQ:AAPL) is likely to announce the inclusion of Alphabet's (GOOG) Gemini AI technology into iPhones at the conference, according to the investment bank.
Goldman listed additional technological enhancements that Apple Inc. (NASDAQ:AAPL) must undertake in order to convince investors that it will benefit significantly from AI. Among these are a more intelligent Siri and addfional personalization. These features are not slated to be released until later this year, the investment bank stated.
While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AAPL and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
