NVDA - Brad Gerstner Bought Nvidia Stock When 'Everybody Said Sell': Now He's Buying Apple Stock At All-Time Highs | Benzinga
Altimeter Capital founder and CEO Brad Gerstner is becoming more bullish on Apple Inc (NASDAQ:AAPL) as the company unveils new AI-powered features at its annual developers conference this week.
What To Know: Tuesday on CNBC’s “Fast Money Halftime Report,” Gerstner announced that he bought Apple stock ahead of the 2024 Worldwide Developers Conference (WWDC). Given Apple’s positioning in the premium consumer space and OpenAI’s first mover advantage, he’s bullish on what could come from the newly announced partnership.
“I suspect that the integration going on with OpenAI is deeper than what we heard about yesterday,” Gerstner said on the show.
While Apple has said it’s open to working with multiple AI partners and has seemingly left the door open for Google, Gerstner believes Apple’s AI ambitions are all about OpenAI. He called the partnership a “natural coming together” and noted that other tech executives were absent at WWDC, while all of OpenAI’s management team was present.
Gerstner told CNBC that he believed Apple’s place in AI was to offer AI services and provide a privacy layer and interaction layer. He suggested that the ...