Apple Inc.'s (NASDAQ:AAPL) potential partnership with OpenAI is going to be the "renaissance of growth" for the Tim Cook-led company, according to Wedbush's Dan Ives.
What Happened: In an interview with CNBC post Microsoft Corp.'s (NASDAQ:MSFT) AI announcements at the annual Build developers conference, Ives underscored that Apple's AI strategy will be the "most important event" for the company in the last decade.
"The renaissance of growth will be coming back to Apple and the AI reveal at WWDC next month — a key moment for Cupertino," Ives said.
The renaissance of growth will be coming back to Apple and the AI reveal at WWDC next month a key moment for Cupertino @CNBCClosingBell 🍎 https://t.co/093ApalG8F — Dan Ives (@DivesTech) May 20, 2024