There is room for appreciation in Apple stocks, using AI = famous US investor Mr. Loeb

2024/8/24 2:32 AM GMT+9 (some excerpts)

Famous American investor Daniel Loeb expressed the view that there is room for an increase in Apple's stock price. Reuters confirmed the letter addressed to investors on the 23rd.
Mr. Loeb expressed recognition that although Apple's stock price “has risen significantly recently,” if Apple can utilize artificial intelligence (AI) for basic software (OS) “iOS,” “there is room for an even greater increase.”
Although Apple stock has been “undervalued” among institutional investors due to concerns that it will become an “AI loser,” the hedge fund management committee 3rd Point led by Mr. Loeb stated that “AI related demand may bring about drastic improvements in Apple's sales and profits over the next few years.”