Apple Inc. (NASDAQ:AAPL) continues to set itself apart as a leader in innovation and growth potential, particularly in the realm of artificial intelligence. JPMorgan analyst Samik Chatterjee is bullish on the tech giant, reiterating an Overweight rating following Apple’s third-quarter fiscal year 2024 results. “A non-eventful quarter with Apple beating estimates across the board is exactly what is desired as we look forward to the AI upgrade cycle,” Chatterjee stated. AI: The Next Frontier for Apple The focus on AI is not just a buzzword for Apple. Chatterjee emphasizes that the upcoming AI upgrade cycle, marked by the launch of iPhone 16 and new features in iOS 18, iPadOS 18, and macOS Sequoia, will play a pivotal role in Apple’s future growth. “The confidence in the AI upgrade cycle is starting to show,” he noted, referring to Apple’s guidance for the upcoming quarter, which indicates a +5% year-over-year growth despite economic uncertainties. Apple’s strategy to integrate AI-driven features across its product lineup positions it as a frontrunner in the technology space. The ...