"This AI revolution, this strategy right now, it's essentially invisible for Apple," declared Dan Ives, Wedbush Securities' Global Head of Technology Research, on CNBC's 'Fast Money'. His stark assessment underscores a growing concern among tech analysts and investors: Apple's perceived lag in the burgeoning artificial intelligence race. While the company has enjoyed a significant stock rally, Ives contends that this masks a critical strategic void that could define its future.
Ives, speaking with the 'Fast Money' panel, highlighted Apple's unique position in the tech landscape. Unlike other Big Tech players who are aggressively innovating and investing in AI, Apple appears to be "on a park bench drinking lemonade" while the competition engages in an "F1 race." This metaphor vividly illustrates the urgency of the situation, suggesting that Apple is not merely behind, but risks being left out of the most transformative technological shift of the decade.
The core issue, according to Ives, is Apple's historical aversion to large-scale acquisitions. He believes organic internal development is insufficient to catch up. "There's a better chance of me playing Ryder Cup in September than Apple innovating internally on AI," he quipped, emphasizing the unlikelihood of a rapid, in-house breakthrough.
For Apple to truly compete, Ives argues, it "has to be acquisitions. And it can't be small deals." He pointed to Perplexity as a potential target, suggesting a significant acquisition is necessary to integrate advanced AI search capabilities directly into its vast iPhone ecosystem, which boasts 1.5 billion active devices. This move would not only provide a compelling reason for customers to upgrade their devices but also signal Apple's serious commitment to the AI frontier.
Beyond acquisitions, Ives also suggested that Tim Cook should consider bringing in outside talent to the management team and exploring a major partnership, such as with Google Gemini. He believes that failing to make such a bold strategic move within the next three to six months could have severe consequences. Ives warned, "It will tarnish his [Cook's] legacy and the Apple future if they miss out on the Fourth Industrial Revolution."
