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Apple's $20 Billion Artificial Intelligence Problem

TheMotleyFool 
0 0 18.06.24
Apple's $20 Billion Artificial Intelligence Problem: https://g.foolcdn.com/editorial/images/780700/ai-chip.jpg
 

'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

€205.70
-0.240%
The price for the Apple Inc. stock decreased slightly today. Compared to yesterday there is a change of -€0.500 (-0.240%).
Currently there is a rather positive sentiment for Apple Inc. with 104 Buy predictions and 6 Sell predictions.
With a target price of 210 € there is a slightly positive potential of 2.09% for Apple Inc. compared to the current price of 205.7 €.
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