AAPL Stock: This Could Create a 0 Billion Market Opportunity for Apple

Apple Inc‘s (NASDAQ:AAPL) recent $200 million acquisition of Seattle-based vendor Turi, its third artificial intelligence [AI]-related purchase in the last 12 months, may seem like a small deal compared with the multi-billion-dollar buyouts in recent years. However, Global Equities Research analyst Trip Chowdhry believes the acquisition is a smart move by Cupertino, which is clearly trying to boost artificial intelligence and machine learning [ML] capabilities in its products. In an email to technology site eweek.com, the analyst said the deal “is solid and smart, and makes Apple Machine Learning the most comprehensive offering with machine learning models, algorithms-optimizations, and [the] developer ecosystem.” Chowdhry also said the merger could eventually create a $300 billion opportunity for Apple. In addition to that,  the analyst noted that Cupertino is in prime position to…


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