Dan Ives of Wedbush Securities said it’s clear Apple is incapable of producing its own AI in-house, despite a company culture that strives to build superior products internally. In recent days, some of Apple’s top AI talent has also been poached by increasingly aggressive AI talent recruiter Meta, Bloomberg reported.

Wedbush’s senior analyst Dan Ives raised his price target on Palantir shares to $160. He recommends that investors rise above valuation concerns in PLTR stock.

CNBC's "Closing Bell" is joined by Wedbush Securities' Dan Ives to discuss Apple CEO Tim Cook, the company's AI struggles and more.

Dan Ives has raised his price target for Palantir Technologies, signaling a 12% upside from its trading price over the next 12 months.

Apple is struggling to keep pace in the AI race, leading Wedbush Securities analyst Dan Ives to suggest acquiring AI startup Perplexity. Ives believes Apple lacks the internal AI technology to compete and that Perplexity could significantly enhance Siri and rival ChatGPT.

Dan Ives of Wedbush, in an interview with Bloomberg, predicted a strong second half for technology stocks, calling this the "golden age" for the industry. He spoke of artificial intelligence (AI) stocks as having much more room to run and even said we're at "10 p.

Wedbush Securities managing director Dan Ives says that a three-year bull market for the one stock market sector is just in its initial phase.

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.