Analyst: The partnership between Apple and Gemini is believed to not yet be reflected in the stock price.

Analysts at Wedbush, led by Dan Ives, wrote in a report that the artificial intelligence premium brought by Apple's collaboration with Google's Gemini model has not yet been reflected in the company's stock price, and added that the premium could be as high as $75 to $100 per share. The management's timeline for integrating Gemini into Siri is longer than what these analysts had expected. However, they wrote, "Announcing the partnership with Gemini is a necessary move for Apple, aimed at allowing Apple to provide its own personal assistant within its hardware ecosystem, while also potentially bringing new subscription revenue streams to its global user base of 2.5 billion."