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Apple's $20 Billion Artificial Intelligence Problem

TheMotleyFool 
0 0 18.06.24
Apple's $20 Billion Artificial Intelligence ProblemPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png
 

's (NASDAQ: AAPL) new artificial intelligence tools have caused a pop in the stock, but will they be good for the business? More device sales would be bullish, but if AI replaces searches that generate $20 billion in annual revenue from Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), it would be bad for Apple's bottom line.

*Stock prices used were end-of-day prices of June 14, 2024. The video was published on June 16, 2024.

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Source Fool.com

Apple Inc. Stock

€269.00
-7.060%
Heavy losses for Apple Inc. today as the stock fell by -€20.450 (-7.060%).
Currently there is a rather positive sentiment for Apple Inc. with 80 Buy predictions and 6 Sell predictions.
With a target price of 280 € there is a slightly positive potential of 4.09% for Apple Inc. compared to the current price of 269.0 €.
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