Wedbush analyst Dan Ives argues Apple's recent stock selloff is "unwarranted," dismissing concerns over delayed AI features as overstated. He highlights the firm's improved AI strategy, including a Google Gemini partnership and new external AI leadership, which he believes positions Apple to overcome past missteps. Ives emphasizes that the company's revamped Siri architecture—a critical tech rollout—is on track for a 2026 launch, calling it "Apple's answer to ChatGPT."

The analyst stresses that investor focus should shift to Apple's ability to execute its AI vision rather than speculative delays. He notes the company's installed base of 2.5 billion iOS devices and 1.5 billion iPhones creates a massive ecosystem advantage for its upcoming Siri AI platform, expected in spring. Ives also points to an anticipated AI-driven subscription service launching by autumn, which could drive long-term revenue growth.

Wedbush estimates AI monetization could add $75 to $100 per share over the coming years, significantly boosting valuation. The firm reiterates its outperform rating and $350 price target for Apple, arguing the market underestimates the transformative potential of its AI initiatives. Ives urges investors to view the current dip as a buying opportunity, asserting that strategic patience will reward shareholders as Apple accelerates its AI roadmap.

While competitors race to dominate generative AI, Ives believes Apple's vertical integration and hardware-software synergy give it a unique edge. He concludes that the stock's volatility reflects short-term noise rather than fundamental weakness, with the firm's AI bets poised to redefine its market position