Jim Cramer Says “Apple Always Had an AI Strategy”

Apple Inc. (NASDAQ:AAPL) is one of the stocks that Jim Cramer recently shed light on. Cramer discussed the company’s AI strategy during the episode, as he commented:

“Now, though, let us talk about what really matters. What happened today? Google and Apple, that’s what happened because they are today’s example of the dreaded, dangerous concentration… Was I a moron… perhaps deserving endless opprobrium for what I did here? No. You see, fortunately, I didn’t worry completely about concentration. I had a credo about Apple… Own it, don’t trade it, I said. I needed it because in the trial, we learned that Google paid more than $20 billion to exclusively preload its search engines into Apple devices…

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Apple Inc. (NASDAQ:AAPL) develops and sells smartphones, computers, tablets, wearables, and accessories under brands like iPhone, Mac, iPad, and Apple Watch. Moreover, the company provides cloud, support, and subscription services including Apple Music, Apple TV+, Apple Pay, and the App Store.

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Disclosure: None. This article is originally published at Insider Monkey.