PODCAST: Apple’s AI Revolution

Apple stock has been lagging behind its peers over the past year, but its latest leap into artificial intelligence could be the catalyst for Apple’s next leg up. Topics in Segment One include:

• Overview of Apple Intelligence: What it is and why it matters
• New and improved Siri, Integration across Apple devices, integration with ChatGPT
• Other AI features: Writing tools, voice transcription, image generation, with a focus on user privacy
• Is Apple Intelligence just a catch-up move in response to Google and Microsoft’s recent AI innovations?
• Potential impact on Apple’s market position and investor sentiment
• Jerry’s Take: Is Apple Intelligence the catalyst for the next leg up in Apple’s share price?

In this segment, Jerry Robinson pivots to the economic front and breaks down the latest inflation report and the outlook for interest rate cuts for the remainder of 2024. Topics include:

• A quick breakdown of the May 2024 CPI (Inflation) Report
• May inflation came in better than economists expected
• The Federal Reserve will hold interest rates steady at this month’s meeting
• Market expectations for a September 2024 interest rate cut are strong (and even stronger by December 2024)

Jerry closes out today’s show with an inspirational quote from Apple co-founder Steve Jobs.