Apple is way too behind and does not have the AI technology to compete. The clock has struck 12, they need to acquire Perplexity or risk getting further behind,” Ives told Fo

Dan Ives, a well-known technology analyst at Wedbush Securities, stated that Apple is in advanced talks to acquire Perplexity, an AI-powered search engine startup backed by investors such as Nvidia and Jeff Bezos. He estimates the potential deal to be around $1.4 billion.

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Making Waves on Wall Street. On July 9, Wedbush reiterated its “Outperform” rating on the stock and maintained its price target at $270.00. The rating affirmation reflects continued confidence in Apple’s potential.

Wedbush's Dan Ives said Apple should consider buying Perplexity and its AI search engine if it wants to catch up to its peers in the AI race.

Once you’re logged in, you’ll want to head straight to Perplexity Travel. You can access the section using the new thread button represented by a plus symbol. Then click on the travel tab in the sidebar. In Perplexity Travel you’ll have the opportunity to create your own adventure or let yourself be inspired by a curated selection of travel guides.

Wedbush said Perplexity is the "no brainer" deal to help launch Apple's ( NASDAQ: AAPL) AI strategy. The firm has an Outperform rating and $270 price target on Apple's stock.

Apple Inc. (NASDAQ:AAPL) should acquire Perplexity AI Inc. to strengthen its artificial intelligence offerings, according to Wedbush analyst Daniel Ives, who called the potential acquisition a "no brainer.

AI giants OpenAI and Perplexity are launching search browsers powered by AI as Google continues to face anti-competition lawsuits and fines. View on euronews