Apple AI Push: Can It Revive the AI Coin Rally Next Week?
Apple is gearing up for a major push to generative AI by introducing it to its consumers of iPhones, iPads, and Macs. The Apple AI push could lead to an AI coins rally in the crypto market next week, following the recent selling pressure.
Will Apple AI Be A Game-Changer?
Apple’s iPhone sales have been on a downward trajectory in the past two quarters, and Monday could be Apple’s moment to announce its major push into generative AI. The tech giant is planning to make some big swings by introducing Apple Intelligence to its devices, while competing with rivals like Microsoft and Google in this space.
Earlier in June during the WWDC conference, Apple showed off Apple Intelligence, which led to an immediate 15% surge in the AAPL stock price. Apple is positioning Apple AI aka Apple Intelligence as a key feature of its latest phones, with analysts betting on its exclusivity to boost iPhone sales.
However, Apple’s AI push could be more than just a sales driver; it could be a pivotal moment for the future of generative AI. In a note to investors, Morgan Stanley analyst Erik Woodring wrote:
“Apple Intelligence remains the key to unlocking pent-up iPhone demand and accelerating replacement cycle, and we expect Apple’s… event to heavily feature AI integration on the new iPhone 16.”
The Nvidia stock price crash by 15% last week led to strong selling pressure in AI coins. However, Apple’s Monday announcements could trigger a strong revival over the next week.
AI Coins Rally Likely Next Week?
Apple’s AI push is likely to push all of its software products, including summarizing text message threads, offering an improved Siri experience, surfacing priority emails in the mail app, and much more.
Artificial intelligence coins have gained strong traction over the last year, with top AI coins such as Near Protocol (NEAR), Injective Protocol (INJ), and Fetch.ai (FET) all giving 100-350% returns on the yearly charts.
With top tech giants taking the battle on the AI frontier, AI coins’ market dominance is likely to grow in the future. On the other hand, market analysts are also experiencing a recovery in Nvidia stock after a 25% downturn in less than a month.
FAQs
- Q: What is Apple AI?
A: Apple AI, also known as Apple Intelligence, is a set of artificial intelligence-powered features and technologies developed by Apple.
- Q: What is the potential impact of Apple AI on the crypto market?
A: The potential impact is a rally in AI coins, as Apple’s major push into generative AI could lead to a resurgence in interest and demand.
- Q: How has the market responded to Apple AI?
A: The market has been largely positive, with an immediate 15% surge in the AAPL stock price following Apple’s introduction of Apple Intelligence at WWDC.
The introduction of Apple AI into its devices could have far-reaching implications for the generative AI market. Apple’s push could lead to a resurgence in interest and demand, driving a potential rally in AI coins and further solidifying Apple’s position as a major player in the tech industry.
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