Apple AI Push With iPhone 16 Launch Can Revive AI Coin Rally Next Week

Apple is all set for the iPhone 16 launch on Monday, gearing up for a major push to generative AI by introducing it to its consumers of iPhones, iPads, and Macs. The Apple AI push could lead to an AI coins rally in the crypto market next week, after the recent selling pressure.

Will Apple AI Be A Game-Changer?

Apple iPhone sales have been on a downward trajectory in the past two quarters and Monday could be Apple’s moment to announce its major push into generative AI. The tech giant is planning to make some big swings by introducing Apple Intelligence to its devices while competing with rivals like Microsoft and Google in this space.

Earlier in June during the WWDC conference, Apple showed off Apple Intelligence which led to an immediate 15% surge in the AAPL stock price. Apple is positioning Apple AI aka Apple Intelligence as a key feature of its latest phones, with analysts betting on its exclusivity to boost iPhone sales.

However, Apple’s AI push could be more than just a sales driver; it could be a pivotal moment for the future of generative AI. In a note to investors, Morgan Stanley analyst Erik Woodring wrote:

“Apple Intelligence remains the key to unlocking pent-up iPhone demand and accelerating replacement cycle, and we expect Apple’s… event to heavily feature AI integration on the new iPhone 16”.

The Nvidia stock price crash by 15% last week led to strong selling pressure in AI coins. However, Apple’s Monday announcements could trigger a strong revival over the next week.

AI Coins Rally Likely Next Week?

Apple AI push is likely to push all of its software products such as summarizing text message threads, offering an improved Siri experience, surfacing priority emails in the mail app, and much more.

Artificial intelligence coins have gained strong traction over the last year with top AI coins such as Near Protocol (NEAR), Injective Protocol (INJ), Fetch.ai (FET) all giving 100-350% returns on the yearly charts.

With top tech giants taking the battle on the AI frontier, AI coin’s market dominance is likely to grow in the future. On the other hand, market analysts are also experiencing a recovery in Nvidia stock after a 25% downturn in less than a month.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.