Bank of America Flags Surprising Risk to Apple Stock
Source: GuruFocus.com ·
The bigger threat may have little to do with iPhone sales.
From the source
This article first appeared on GuruFocus . Apple ( NASDAQ:AAPL ) may be facing a more consequential AI threat than simply falling behind in chatbots. Bank of America says Meta Platforms' ( NASDAQ:META ) Muse and other AI agents could increasingly intercept what iPhone users want to do before Apple's own software does, potentially threatening the discovery, referral and transaction economics embedded across its ecosystem. Warning! GuruFocus has detected 4 Warning Signs with AMZN. Is AMZN fairly valued? Test your thesis with our free DCF calculator. With Muse, Meta is now where a growing number of iPhone owners express intent first. Shopify opened its full catalogue and Shop Pay to the agent; Expedia and PayPal signed on; Amazon ( NASDAQ:AMZN ) blocked it outright, BofA analyst Wamsi Mohan wrote. Muse has climbed to the top of Apple's App Store and was downloaded at least 2.5 million times during its first weeks of availability. The agent can shop online, fill out forms, contact…