Mar Vista Sees Apple’s Edge AI Design as a Long-Term Advantage
The investment firm cited Apple’s silicon, privacy focus and installed base, while saying it reduced its holdings during the third quarter.
Key takeaways
- Mar Vista said it reduced its Apple holdings in the third quarter.
- The firm cited Apple’s silicon, integrated devices and privacy focus as advantages in consumer AI.
Mar Vista Investment Partners said it reduced its Apple holdings in the third quarter, even as the company’s shares rallied. In its investor letter, the firm described Apple as well positioned to benefit as AI features move onto consumer devices.
The letter cited Apple’s proprietary silicon, integrated hardware and software, installed base and emphasis on privacy as competitive advantages. Mar Vista said it expects a more capable Siri to support the development and adoption of Apple Intelligence.
The firm also pointed to strong demand across iPhone, Mac and Services. It said Apple’s management had guided to about 10% revenue growth and low-double-digit earnings-per-share growth, despite supply constraints for advanced semiconductors.
This article was produced with the help of AI technology. Source: Yahoo Finance
