<div id="readability-page-1"><div><div>Apple Inc.'s AAPL stock bump on Monday shows just how eagerly investors are waiting for signs that the company is serious about artificial intelligence, according to Deepwater Asset Management's Gene Munster.What Happened: Shares of Apple rose 2.03% on Monday — outperforming the broader Nasdaq — after a report emerged that the tech giant is exploring using large language models from OpenAI or Anthropic to power a revamped version of Siri by spring 2026.Following this, Munster took to X, formerly Twitter, and said the &#34;move is testimony to how low the investor AI bar is for AAPL.&#34;Munster also said that “the iPhone bar is low.” Apple's biggest moneymaker is still the iPhone, but Wall Street analysts aren't expecting big growth: just 1% growth in iPhone sales in the financial year 25 and 4% the year after.“The next few quarters should benefit from upgrades following that monster 39% iPhone growth in FY21,” he said.Why It's Important: Wall Street has been skeptical about Apple's AI strategy, especially as competitors like Alphabet Inc.'s GOOG GOOGL Google, Microsoft Corporation MSFT and Meta Platforms, Inc. META, aggressively push new AI features.Reports have also surfaced suggesting Apple was considering a deal to acquire Perplexity AI. However, the startup says it has no information about any such discussions taking place.Apple currently has a consensus price target of $231.44, based on the ratings from 32 analysts. The latest analyst ratings, from JP Morgan, Morgan Stanley and Wedbush, have an average price target of $245, indicating a potential upside of 19.26%.Price Action: According to Benzinga Pro data, Apple's stock is down 15.86% so far this year and has slipped 5.34% over the last 12 months.Benzinga's Edge Stock Rankings indicate that Apple's shares continue to trend lower across short, medium and long-term periods. Additional performance details can be found here.Photo courtesy: jamesteohart / Shutterstock.com<ul> <li>US Stocks Likely To Open Lower After Moody’s Downgrade: ‘Bear Market Isn’t Fully Recovered Yet, But It Is Close,’ Says Expert</li> </ul></div></div></div>

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Apple Inc.'s stock rose 2.03% as investors await signs of the company's commitment to AI, particularly regarding a potential Siri upgrade using large language models by 2026. Gene Munster from Deepwater Asset Management noted that investor expectations for Apple's AI strategy are low, especially compared to competitors like Google and Microsoft. Despite a consensus price target of $231.44, analysts predict only modest growth in iPhone sales. Apple's stock has declined 15.86% this year, reflecting ongoing skepticism about its AI initiatives.

- Apple Inc.'s AAPL stock rose 2.03% on Monday as investors anticipate the company's commitment to artificial intelligence, particularly regarding a revamped Siri by spring 2026.  
- Despite this positive movement, Wall Street remains skeptical about Apple's AI strategy, especially compared to competitors like Google and Microsoft, with analysts projecting only modest growth in iPhone sales.  
- Currently, Apple's stock is down 15.86% this year, with a consensus price target of $231.44, suggesting a potential upside of 19.26% based on recent analyst ratings.  

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Apple Investors Have Shockingly Low AI Expectations, Says Gene Munster — Siri Upgrade Rumors Alone Fueled A 2% Stock Jump