Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. Analysts at wealth management firm D.A. Davidson upgraded Apple (NASDAQ:AAPL) stock from Neutral to Buy this week after the iPhone maker introduced its much-anticipated AI strategy. According to the firm’s analysts, “AI now stands for Apple Intelligence,” which is the name of the company’s artificial intelligence platform unveiled at the WWDC event.
"The bottom line is that the extreme concentration of returns in the S&P 500 makes investors more vulnerable to single headlines impacting the one stock driving index returns."
Baked into the expectations for Tesla and Nvidia stock are the vision that a single player will dominate a revolutionary industry, facing little competition, virtually in perpetuity.