CNBC's "Closing Bell" is joined by Wedbush Securities' Dan Ives to discuss Apple CEO Tim Cook, the company's AI struggles and more.

Dan Ives of Wedbush Securities said it’s clear Apple is incapable of producing its own AI in-house, despite a company culture that strives to build superior products internally. In recent days, some of Apple’s top AI talent has also been poached by increasingly aggressive AI talent recruiter Meta, Bloomberg reported.

Wedbush Securities managing director Dan Ives says that a three-year bull market for the one stock market sector is just in its initial phase.

Wedbush's Dan Ives said Apple should consider buying Perplexity and its AI search engine if it wants to catch up to its peers in the AI race.

Dan Ives is a Managing Director and senior technology sector analyst at Wedbush Securities, one of the largest privately owned securities brokerages and asset managers in the United States.

The managing director of the financial services firm Wedbush Securities is expecting solid gains from tech stocks in the second half of the year.