Apple's low capex is an advantage; investors will recognize its potential to monetize consumer AI via its device base.

Yes, I think if you wanted to think about Nvidia and its advanced model with a low earnings multiple , that was Apple's story, wasn't it? Remember that no one gave her credit for the App Store and the fact that she effectively controls everything, then Apple's price-to-earnings ratio doubled one day.

if you go to Costco, that now falls under basic consumer goods.

Let's start with Apple. This is a company we have heard over the past two years that does not understand artificial intelligence, that it is behind schedule, that it has no strategy, etc. However, its stock is probably the closest to a record high among all the "Big Seven" companies.

It now appears that the lack of a capital expenditure budget for data centers or a large language model specific to them seems more like an advantage than a disadvantage.

I mean, I think 20% of the world will access artificial intelligence through Apple devices. The installation base, you're talking about Apple in the early days in terms of not getting the rating because of the services and the App Store.

I think it's something investors will start to appreciate, as the consumer AI revolution takes root, and how Apple will be able to monetize it. I believe that taking over the position from the legendary Cook will be an innovation, and it will be through devices that support artificial intelligence in the world of consumer artificial intelligence.

I believe this is the area where Apple will now be at the forefront in terms of the number of consumers who will access artificial intelligence.