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Apple’s hiring of Amar Subramanya likely to help improve AI strategy – Wedbush

MacDailyNews

Dec 2

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Apple’s hiring of AI expert Amar Subramanya arrives at an ideal moment for the tech behemoth, as it ramps up efforts to bolster its artificial intelligence prowess ahead of 2026, according to Wedbush Securities’ analysis on Tuesday.

The firm announced Monday evening that John Giannandrea, its senior vice president of machine learning and AI strategy, is departing the role, with Subramanya stepping in as vice president of AI. Giannandrea will transition to an advisory position through his planned 2026 departure.

Overseeing Apple’s foundational models, machine learning initiatives, and AI safety protocols, Subramanya joins from a brief stint at Microsoft, where he was corporate vice president of AI. Prior to that, he logged 16 years at Google under Alphabet, culminating as engineering lead for the Gemini AI assistant.

MT Newswires:
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“We believe that Subramanya represents the right hire at the right time with the clock ticking on Apple’s AI strategy heading into next year, with outside hires a necessary move to improve the AI strategy,” Wedbush analysts, including Dan Ives, said in a note to clients Tuesday.
“We believe no ‘AI premium’ is factored into Apple’s stock at current prices which makes this a compelling large-cap tech name to own into year-end and 2026,” Wedbush said. “We believe the AI monetization piece could add $75 to $100 per share to the Apple story over the coming few years.”
“Importantly, we believe Google Gemini will be the exclusive partner for Apple on the AI front,” the analysts said. “The timing of this AI leadership announcement (at Apple) is smart and lays the seeds for the future AI strategy.”

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MacDailyNews Note: Wedbush reiterated its “Outperform” (Buy) rating on Apple stock with a $320 price target.

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[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]

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