Apple (AAPL) is reportedly working on creating its own artificial intelligence chips for the company's data centers in a new project called "ACDC." Maxim Group Managing Director Tom Forte joins Catalysts to discuss what the latest move could mean for the tech giant and investors.
"In my opinion, this is more about improving the costs for AI for Apple than it is necessarily a new product release leveraging artificial intelligence," Forte explains. He says that despite the chip's potential to cut artificial intelligence operating costs, he tells Seana Smith, "I certainly wouldn't consider changing my hold rating on the news."
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"In my opinion, this is more about improving the costs for AI for Apple than it is necessarily a new product release leveraging artificial intelligence," Forte explains. He says that despite the chip's potential to cut artificial intelligence operating costs, he tells Seana Smith, "I certainly wouldn't consider changing my hold rating on the news."
#youtube #apple #stocks
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
