Apple Stock: WWDC AI Announcements, Siri, OpenAI, and Wall Street Outlook for 2024

The article discusses Apple’s potential AI announcements at its upcoming Worldwide Developers Conference (WWDC) and their impact on the company’s stock. Analysts expect Apple to unveil AI-powered upgrades to Siri and other software, potentially leveraging OpenAI’s technology. While Apple has been cautious about AI, the success of ChatGPT has increased pressure to integrate advanced AI capabilities. However, Apple’s approach may prioritize privacy and on-device processing over cloud-based models. Wall Street analysts are optimistic about Apple’s AI strategy, with Morgan Stanley predicting a 20% upside for the stock in 2024 if Apple executes well. The article highlights the importance of AI for Apple’s future growth and the potential impact on its valuation.

Source: https://markets.businessinsider.com/news/stocks/apple-stock-wwdc-ai-announcements-siri-openai-wall-street-outlook-2024-6