GSAT Aug 2024 1.500 call
- Barrons.com
Apple Needs AI—but It Needs Satellites More
Investors hope advanced hardware required to run complex artificial-intelligence-based computing will drive Apple iPhone users to upgrade their handsets, but satellite connectivity might matter more. Since Apple unveiled new AI features at its June developer conference, its stock has climbed about 15%, creating about $420 billion in market value. “Apple’s AI strategy will leverage its golden installed base around personalization and [large language models] on the phone that should change the growth trajectory of Cupertino [and] spur an AI-driven iPhone upgrade cycle starting with iPhone 16,” wrote Wedbush analyst Dan Ives after the event.
- Zacks
Zacks Industry Outlook Highlights EchoStar Corporation, Iridium Communications and Globalstar
EchoStar Corporation, Iridium Communications and Globalstar are part of the Zacks Industry Outlook article.
- Zacks
3 Stocks to Watch From the Satellite and Communication Industry
Global security threats and increasing defense budgets bode well for Zacks Satellite and Communication industry participants like EchoStar (SATS), Iridium (IRDM) and Globalstar (GSAT).
