5 big analyst AI moves: Morgan Stanley commends Apple’s shift from EVs to GenAI
Investing.com — Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.
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Bloomberg News reported earlier in the week that Apple (NASDAQ:AAPL) has halted work on its electric vehicle (EV), an initiative named Project Titan, which was started a decade ago.
The tech company announced this internally on Tuesday, taking the project's nearly 2,000 employees by surprise.
Following the halt, many from the Special Projects Group (SPG) will now join Apple's artificial intelligence (AI) sector, led by executive John Giannandrea, to work on generative AI solutions, the report said.
Commenting on this development, Morgan Stanley said the reported news, if true, “would be a positive development” for the tech giant.
This is because the move “should allow the company to repurpose assets towards more important initiatives like Gen AI” and “shows relative cost discipline,” analysts said in a note.
Morgan Stanley analysts were impressed by Dell Technologies (NYSE:DELL) latest quarterly report, with the company’s AI pipeline “tracking well ahead of” the investment giant’s previous expectations “and directionally closer to our bullish supply chain checks.”
“...DELL's AI server commentary stole the show, as backlog nearly doubled Q/Q, orders grew ~40% Q/ Q, and pipeline ended the January quarter up Q/Q at «multiples of backlog».
“These are all signs that support our bullish AI server supply chain checks, and show that DELL is a clear leader in the $72B AI hardware and services market,” an analyst wrote in a Friday note.
Moreover, the analyst found Dell’s guidance for the fiscal 2025 year conservative and
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