Gene Munster Says New Siri AI Makes It Feel 'Like Having a New Phone,' Ming-Chi Kuo Says Stock Rally Was

On Wednesday, Apple Inc.

(NASDAQ:AAPL) shares surged to a record high after investors welcomed the company's new Siri AI beta and progress on Apple Intelligence, with prominent analysts Gene Munster and Ming-Chi Kuo saying the rally reflects growing confidence in Apple's AI strategy.

Gene Munster, Ming-Chi Kuo Back Apple Rally Deepwater Asset Management managing partner Gene Munster highlighted Apple's market outperformance after the stock climbed 4.01% to close at $327.50, while the Nasdaq gained just 0.5%.

"The new Siri AI in iOS 27 public beta released yesterday gives investors concrete evidence that Apple finally has the AI chops it’s long been missing," Munster wrote on X, adding that the moment resembled the setup that "fueled Google's sharp rerating in April 2025." After testing the beta for a day, Munster said, "I can attest it's like having a new phone." $AAPL closed up 4% vs the Nasdaq up 0.5%.The new Siri AI in iOS 27 public beta released yesterday gives investors concrete evidence that Apple finally has the AI chops it’s long been missing.

This is the same setup that fueled Google’s sharp rerating in April 2025.