① Eisman said that Apple is the “hidden AI winner”; ② because eventually people will want to run artificial intelligence applications on mobile phones; ③ He believes that semiconductor chip manufacturers such as Nvidia and AMD are currently the easiest way to participate in the AI boom.
AFP, May 23 (Editor Wong Kwan Chi) While all eyes are on Nvidia's bright earnings report, big bear Steve Eisman (Steve Eisman) is calling attention to another artificial intelligence (AI) winner — Apple.
In a recent interview, he said, “I think Apple is actually a hidden AI winner. Although it's not exactly (the winner) today, it will eventually be.”
“Everyone is focused on the chip. Everyone is watching the cloud. But eventually, when an app comes out — I don't know when, but when an app that consumers can use appears, they want to use it on their phones.” he added.
Eisman is the prototype for the movie “The Big Short”. As a senior portfolio manager at Neuberger Berman Group (Neuberger Berman), he is famous for shorting subprime mortgages before the global financial crisis broke out.
He believes that semiconductor chip manufacturers such as Nvidia and AMD are currently the easiest way to participate in the AI boom. But in the long run, Apple will become a key center for AI-led software, bringing huge room for growth to its products.
“I know very well that when all these apps come out, I need a new phone, a new iPad, and a new laptop. So when these apps come out, the biggest beneficiary is probably Apple.” he said.
In fact, this is not just Eisman's opinion; other Wall Street bosses have also recently expressed their optimism about Apple. That's partly because the company's earnings report was “pretty good,” and during the conference call, Apple CEO Tim Cook talked about the exciting opportunities associated with generative artificial intelligence.
This has prompted some analysts, such as Bernstein's Toni Sacconaghi, to think that an AI-enabled phone is on the horizon and may arrive with the arrival of the iPhone 16. He recommended buying the company's shares before the next phone is released. Over the past month, Apple's stock price has climbed about 15%.
Analysts believe that in the next few weeks, investors may see a new catalyst: in June of this year, Apple CEO Cook will explain Apple's artificial intelligence strategy at the annual Global Developers Conference.
However, in the end, Eisman also acknowledged that the advantages of software may not only be limited to Apple, but may also enhance other companies, such as Microsoft.