Munster Sees AI-Driven Surge in Stocks of TSLA, SPCX, AAPL

Gene Munster, Managing Partner at Deepwater Asset Management, is predicting that Tesla (NASDAQ: TSLA), SpaceX (SPCX), and Apple (NASDAQ: AAPL) will follow Meta's (NASDAQ: META) recent surge in stock price. This surge was triggered by the success of Meta's Muse AI agent, which has gained 2.5 million downloads and briefly topped Apple's U.S. App Store charts as a free iPhone app.

Munster believes that the same 'rip higher' dynamic will play out for these companies due to their own AI-driven initiatives. For example, Tesla's Full Self-Driving (FSD) software is expected to be a major catalyst, with 40% of its seven-track architecture already deployed in the Austin robotaxi fleet.

SpaceX's orbital data centers and Apple's foldable iPhone Duo and personalized Siri are also seen as potential drivers of growth. However, it's worth noting that Oppenheimer has warned that Tesla's Optimus production ramp may face further delays.