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Apple: Playing Catch Up

 

  • Apple Inc. is quickly working on an AI chat product to compete in the suddenly hot generative AI category.
  • The tech giant is now playing catch-up against other tech giants in several key categories like AI chat and AR/VR devices.
  • Apple stock is incredibly expensive at 32x FY23 EPS targets even as Apple continues falling beyond in AI.
A constant negative thesis with Apple Inc. (NASDAQ:AAPL) these days is that it is a business behind on new product development. The latest news of the tech giant entering the generative artificial intelligence ("AI") race appears to be another sign of Apple being behind the leaders in another product category. My investment thesis remains Bearish on the stock while trading near all-time highs.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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