Apple (AAPL) is facing regulatory pressure following reports of several investigations, from an antitrust lawsuit brought by the U.S. Department of Justice (DOJ) to a European Union investigation into Big Tech companies. ing.
Evercore ISI analyst Amit Daryanani, who has an outperform rating with a price target of $220 per share, joined Yahoo Finance Live to discuss how Apple could potentially recover and Debating whether the iPhone manufacturer can get out of the difficult and difficult situation faced by itself is in the middle.
Daryanani said the EU investigation poses “more headline risk than fundamental risk” and that he does not believe it will have a “material impact” on Apple. However, he remains uncertain how the “US element” will play out as investors await the outcome of the Justice Department investigation and the broader implications of Apple's AI partnership with Alphabet (GOOG, GOOGL). suggests that this will have an even more significant financial impact on Apple.
Daryanani attributes Apple's poor performance to the fact that the company is not seen as an “AI story.” He is likely to discuss Apple's inclusion of Google's Gemini AI on the iPhone and how AI can enhance the iPhone experience at the upcoming WWDC 2024 conference, adding that he hopes it will be a good ” We predict that there is a possibility that it will be of value. [proposition]“In the case of company stock.
For more expert insights and the latest market trends, click here to watch the full episode of Yahoo Finance Live.
Editor's note: This article was written by angel smith
