Consumer AI revolution should drive Apple higher: Dan Ives

Supply chain conditions and the Federal Reserve's interest rate cut could be setting up a very promising environment for tech stocks to run higher. Wedbush managing director and senior equity analyst Dan Ives joins Market Domination to talk about how the AI revolution is guiding notable tech names, including Apple (AAPL) after it unveiled its iPhone 16 lineup last week. "This is all about as Apple intelligence rolls out into the December quarter into March, that's where I believe this will be the largest Apple iPhone cycle that we've seen. I think markets better digesting it the last few days, but we're going to continue to sort of navigate," Ives tells Yahoo Finance, later adding: "And I just think this is one where the Street is underestimating what the consumer AI revolution is going to mean to Apple stock." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan. Read More...