) as a top pick, maintaining a"Buy" rating and a price target of $230 on the stock in a note Wednesday.
With a vast installed base of over four billion smartphones, they anticipate this upgrade cycle to be a once-in-a-decade event. IntelliPhones are expected to leverage advanced AI and machine learning to offer features such as superior personal assistance, language processing, health monitoring, enhanced photography, and AR/VR experiences.
Furthermore, the bank says IntelliPhones will dominate edge AI, benefiting from their portability, ubiquity, and integrated sensors. This evolution is poised to transform various sectors, with AI agents mimicking roles like travel agents and health experts, creating new monetization opportunities.
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