Apple is currently navigating a warning from the U.S. Federal Trade Commission regarding potential political bias within its Apple News app, a significant concern during an election year. Simultaneously, the company faces delays in rolling out its enhanced Siri AI features, a development closely watched by investors. Apple's stock, NasdaqGS:AAPL, is trading at $255.78 amidst these challenges.
Adding to Apple's AI complexities, Evercore ISI analyst Amit Daryanani anticipates a delay for the full launch of Apple Intelligence 2.0, potentially pushing its rollout into the second half of 2025. This postponement stems from the intricate process of integrating advanced AI capabilities across iPhones, iPads, and Macs. Despite this, Evercore ISI maintains an Outperform rating for Apple, setting a price target of $330.00, with the market looking for updates at Apple's WWDC in June.
Beyond Apple's specific challenges, a broader concern in the artificial intelligence sector revolves around cybersecurity. Wharton School finance professor emeritus Jeremy Siegel highlighted cybersecurity as the primary worry associated with AI during his appearance on 'Barron's Roundtable'.
Key Takeaways
- The U.S. Federal Trade Commission warned Apple about possible political bias in its Apple News app.
- Apple is experiencing delays with its improved Siri AI features.
- Apple's stock (NasdaqGS:AAPL) is trading at $255.78.
- Evercore ISI expects Apple Intelligence 2.0's full rollout to be delayed until the second half of 2025.
- The delay is attributed to the complex work of adding advanced AI features to iPhones, iPads, and Macs.
- Evercore ISI maintains an Outperform rating on Apple with a $330.00 price target.
- The market will look for updates on Apple's AI plans at its WWDC in June.
- Wharton School finance professor emeritus Jeremy Siegel states cybersecurity is the number one concern linked to artificial intelligence.
Apple faces FTC warning and Siri AI delays
The U.S. Federal Trade Commission warned Apple about possible political bias in its Apple News app. This raises new questions during an election year. Apple is also having delays with its improved Siri AI features, which investors are watching closely. These issues come as Apple's stock, NasdaqGS:AAPL, trades at $255.78.
Apple AI rollout faces new questions and possible delays
Evercore ISI is questioning Apple's AI plans, expecting a delay for its Apple Intelligence 2.0 platform. Analyst Amit Daryanani believes the full rollout might not happen until the second half of 2025. This delay is due to the complex work of adding advanced AI features to iPhones, iPads, and Macs. Despite this, Evercore ISI keeps a positive outlook on Apple's long-term AI future, with an Outperform rating and a $330.00 price target. The market will look for updates at Apple's WWDC in June.
Cybersecurity is top AI concern says Wharton professor
Wharton School finance professor emeritus Jeremy Siegel states that cybersecurity is the number one worry linked to artificial intelligence. He shared his thoughts on 'Barron
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