Apple's AI Reveal Hands An Unexpected Win To Google, NVIDIA

Apple Inc.’s (NASDAQ: AAPL ) latest AI announcements sparked a fresh debate on Wall Street, with analysts divided over whether the company’s Siri overhaul positions it for the next phase of artificial intelligence adoption or underscores its growing reliance on partners such as Alphabet Inc. (NASDAQ: GOOGL ) and NVIDIA Corporation (NASDAQ: NVDA ) to remain competitive in the AI race. Apple Faces Pressure After WWDC CNBC’s MacKenzie Sigalos said on Wednesday that Apple underperformed the Nasdaq and landed at the bottom of the Magnificent Seven after outgoing Apple CEO Tim Cook’s WWDC keynote. She said Apple demonstrated functional generative AI on devices via Siri. Still, the feature will arrive in beta later this year with a limited rollout and will not yet be available in key markets such as Europe and China. Sigalos said Wall Street did not get the blockbuster agentic Siri demo it wanted, including a version that could drive a new iPhone upgrade cycle or create a new revenue stream inside Apple’s services business. She said Apple has not launched a separate Apple AI subscription, though it is using iCloud Plus to test a paywall for heavier AI usage. data-variant="card" data-news-mode="manual" > Read Also: Tim Cook Got A Standing Ovation At His Final WWDC, But ... Full story available on Benzinga.com