CNBC's "Fast Money" Apple’s AI Intelligence, And European Elections’ Impact On Markets 6/10/24
Jun 10, 2024
Apple introduces Apple Intelligence at WWDC with AI advancements, including ChatGPT. European elections leaning right impact markets. Nvidia and AMD stock performance post-split analyzed. Eli Lilly gains FDA support for Alzheimer's drug. European political landscape and market performance discussed.
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Apple's AI Reveal Disappoints
- Apple's AI reveal, including Apple Intelligence and ChatGPT integration, disappointed investors.
- The features are not novel, resembling Microsoft's CoPilot, but their integration into Apple devices is a key differentiator.
Upgrade Cycle Dependence
- Apple's new AI features are free with the iOS upgrade.
- The success hinges on whether these features will compel users to upgrade to iPhone 15 Pro or later.
Happy Days Analogy
- Guy Adami compares Apple's event to a disappointing experience on Happy Days.
- The buildup was significant, but the actual reveal fell flat, resembling Richie and Potsie's letdown with Bubbles McCall.