by Apple Inc. (Nasdaq:Apepl) is one of the 10 AI shares investors are watching this week. On July 8, Evercore ISI analyst Amit Daryanani repeated an ‘outperform’ rating on the shares with a price target of $ 250.00.
The assessment of the assessment follows the departure of Apple’s most important artificial intelligence director, Ruming Pang, who left the company for Meta. Pang led Apple’s fundamental model team since Google’s accession in 2021.
He has overlooked a team of 100 people who were responsible for the development of large language models (LLMS) that put Apple Intelligence and similar AI functions of electricity.
The departure apparently follows the recent changes from Apple in his AI division, led by Mike Rockwell since April. According to Evercore Isi, the leadership changes were reportedly an impact on the moral of the team and eventually led Pang to leave the company.
However, the most important reason would probably have been a fee in the ‘tens of millions’ that are offered annually by the other company. Nevertheless, the company believes that the Apple approach of AI is “cautious flexible and cost -conscious”, whereby his strategy retains “capital and optionality” for various opportunities for generating income.
Apple is a technology company that is known for its consumer electronics, in particular the iPhones and MacBooks.
Although we recognize the potential of AAPL as an investment, we believe that certain AI shares offer greater upward potential and bring less downwards. If you are looking for an extremely undervalued AI shares that also benefits considerably from rates from the Trump era and the Onshoring trend, see our free report on the Best AI shares in the short term. Read next: 10 trending ai shares on news and reviews and top 10 AI shares in the spotlight. Publication: none.
