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Steve Eisman Bets Apple Will Be a Big AI Winner From Phone Apps [BNN Bloomberg (Canada)]
Last nvidia corporation earnings: 2/13 04:20 pm
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While Nvidia Corp. and Advanced Micro Devices Inc. have been early beneficiaries, Apple will become a great AI play, the Neuberger Berman Group senior portfolio manager said Tuesday in a Bloomberg TV interview. “There will be a lot of AI apps that you and I will use,” said Eisman, who owns Apple shares. “We're not going to use them at a data center in the cloud — we're going to want to use them on our phone.” There's going to “be an entire new sales cycle of phones, laptops” as a result of the demands of new AI technologies, according to Eisman, who famously bet against subprime mortgages ahead of the global financial crisis. He also predicted that recent protests on college campuses across the US over the war in Gaza will continue at the Democratic National Convention in Chicago later this year and “are becoming the face of the Democratic party.” The country “will be appalled” as a result, Eisman said. He predicted that “it is completely inevitable at this point that Donald
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