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Wall Street hopes new Apple CEO John Ternus will boost AI spending and pursue major acquisitions
Wall Street is banking on John Ternus, Apple's incoming CEO, to shake up the company's artificial intelligence strategy by increasing spending, pursuing larger mergers and doubling down on innovation. Apple has faced criticism for becoming too predictable in its product cycle and too cautious on AI. Investors hope Ternus can restore a sense of surprise that has been largely absent from Apple's launches in recent years.
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