Apple is a lot farther along in the AI space than people realize, says Keith Fitz-Gerald

Despite the recent stock sell off, our next guest isn’t too concerned and thinks the markets have been long overdue for a correction. He says now is the time to buy into some major artificial intelligence names. Let’s bring in Keith Fitzgerald, principal of the Fitzgerald Group. Keith, thanks for being here. So we’re within AI. Do you think there’s opportunity amid this pullback? Well, that’s an interesting question because there’s clearly lots of opportunity for me this is, do you want to buy the needle or the haystack time? I’m still going to stick with the haystack. So it’s the AM DS and the NVIDIA is the world because you’re talking about seventy 8090% market share in the GPU and CPU market. So you’ve said that the markets were long overdue for a pullback. At these levels though, do you think there is still more downside? Would you wait to be putting money to work or do you think that now is kind of an appropriate floor for further upside from here? Well you know of course trading being the way it is the moment I say there’s a floor is going to go to 0 tomorrow. So you know, no, I I don’t think there’s a floor in. I think that the Middle East is clearly got the potential to royal market. So this is where you change your tactics. This is maybe where you slow down your buying, where you be a little more careful about how you buy when you buy. But the fact that is you want to continue to play to win because that’s how you actually do win. Let me ask you about Apple and your hypothesis that the developers conference that is coming along I believe it is Mayor early June. Could be a 2007 moment for this company, IE the moment when the iPhone was introduced. Why do you say that and what will be the cause or the catalyst for that iPhone moment? Thank you for asking, Tyler. So I think that what we’re doing to find out is that Apple is a a lot farther along in the AI space than people realize that. And I see that anecdotally by the way it’s speech recognition works by how it processes things. We have both Apple and Microsoft equipment in our offices. The Apple stuff is routinely faster, better and more accurate than the Microsoft AI. But the critical piece for me is I think we may learn, if I’m correct, in my hypothesis that Apple actually puts AI on board. The big jump is going to be that it doesn’t have to go to the web. It doesn’t have to get degenerative engines. So I think the operating system could see something substantially deeper and burrowed in farther that’s going to be beneficial for Apple. So I will then be able to communicate with my computer with my iPhone in a way that might be a quantum leap forward from what I’m accustomed to now. That’s kind of what I think is coming. You know, again, if you remember how Steve Jobs released the iPhone, he was very coy about, he says, do you want something that’s going to do XY and Z? And everybody said, Oh my goodness. And then boom, there it was. That’s very much Apple’s MO. And I just am hearing all the familiar shades, all the tech experts, all the anecdotal evidence leads me to believe that we could be on the cusp of that.