A Wall Street analyst says one of the market’s most widely held companies may deliver an unexpected performance as the AI cycle unfolds.
In a new Bloomberg interview, Wedbush analyst Dan Ives says Apple (AAPL) remains positioned for a stronger 2026.
He notes that a surge next year will blindside investors as market sentiment has been mostly muted for AAPL.
“I think Apple could ultimately be one of the biggest surprises in 2026 as this all plays out. And also look, the iPhone 17 is ahead of everything we see from our checks in terms of almost a surprise upgrade cycle. And the New York City cab drivers have been bearish on Apple in the last six months.”
Ives adds that a partnership with Google is a matter of timing rather than uncertainty.
“It’s a matter of when, not if. I think that is going to be the future. That’s going to be their partner.”
Earlier this month, reports surfaced that Apple is looking to pay Google $1 billion to use a custom Gemini system deep within the iOS.
Ives also says Apple is currently positioned outside the core of the AI sector, but that could change as the company moves to integrate new capabilities.
“And when it comes to the AI party right now, Apple, they’re behind the velvet ropes being like, ‘OK, they’re looking through the party through the window. Could you let us in now?’ They will be in that AI party.”
In September, the Wedbush Securities managing director predicted that AAPL could surge as high as $400 if it rights the ship on its AI program.
As of Wednesday’s close, AAPL is trading at $273.
Disclaimer: Opinions expressed at CapitalAI Daily are not investment advice. Investors should do their own due diligence before making any decisions involving securities, cryptocurrencies, or digital assets. Your transfers and trades are at your own risk, and any losses you may incur are your responsibility. CapitalAI Daily does not recommend the buying or selling of any assets, nor is CapitalAI Daily an investment advisor. See our Editorial Standards and Terms of Use.