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Wall Street Breakfast

The iPhone enters the AI era

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 8 September 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

Apple's iPhone 16 event will be closely watched for AI features. (0:17) The August CPI will likely determine how much the Fed cuts. (3:41) GameStop sees elevated options activity ahead of earnings. (5:48)

Show Notes
50 stocks to invest during the bull steepening – Part 1
50 stocks to invest during the bull steepening – Part 2
Elon Musk’s AI startup is said to discuss revenue sharing with Tesla
Earnings calendar

Episode transcripts: seekingalpha.com/wsb
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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this

0:09.5

week's market-moving events along with the weekend's top news and analysis.

0:14.0

Hello, today is Sunday, September 8th, and I'm your host Kim Khan.

0:17.8

The trading week starts with a bang, or rather a glow, as Apple hosts this iPhone event

0:22.3

at 1 p.m. Eastern time on Monday.

0:24.0

The company is expected to announce at least four new iPhones and possibly new color

0:28.4

options at the It's glow-time event.

0:30.6

Morgan Stanley expects the event will feature the launch of the iPhone 16 family, new

0:35.4

Apple Watch models, Series X and Ultra 3, and potentially new AirPods.

0:40.7

Pre-orders for the iPhone 16, 16-plusplus and 16 Pro and Pro Max are expected to start on September 13th,

0:47.0

with in-store availability and shipping to start on September 20th.

0:51.0

But the big focus will be its AI platform Apple Intelligence.

0:54.3

Wedbush securities analyst Dan I's and his team expect developers over the next

0:58.8

six to 12 months will build hundreds of generative AI-driven apps

1:02.8

as part of a technology stack that creates the core building blocks

1:06.2

of the consumer AI tidal wave they see coming

1:08.8

starting with iPhone 16.

1:10.8

Alex King, the founder of Cestrian Capital Research, who runs Seeking Alpha's Growth Investor Pro Group,

1:17.0

discussed what could be the first step in Apple putting AI in your hands.

1:21.0

It's not a coincidence, I think, that it was Apple in 2007 that made the dream of mobile data a reality.

1:29.5

So back in the late 90s, 99,000 cellular carriers everywhere were paying big for data licenses that really generated

1:39.0

hardly any value for them over the subsequent five or six years because handsets at the time didn't have the

...

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