Apple’s AI could usher in a historic upgrade cycle, and Wall Street is missing it – Morgan Stanley

With its new architecture and capabilities, the next generation of Apple Intelligence powers helpful features across the system, simplifying the things users do every day.
Following Apple’s WWDC keynote, shares dipped as investors seemed underwhelmed by the new AI announcements, including an upgraded Siri. However, Morgan Stanley analyst Erik Woodring argues the market is missing the bigger picture: Apple’s AI requires significantly more powerful hardware (such as at least 12GB of un