Apple stock is poised to surge nearly 50% as it heads toward its most important day in a decade, Wedbush says [Yahoo! Finance]
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Source: Yahoo! Finance
Ives expects the company to unveil a host of AI features that will help power an iPhone 16 supercycle. Ives increased his Apple price target to a street-high $275, representing potential upside of 47%. Apple will be worth more than $4 trillion next year as it benefits from a massive iPhone 16 product "supercycle" that's buoyed by artificial intelligence, according to Wedbush analyst Dan Ives. In a Thursday note, Ives increased his Apple price target to a street-high $275, representing potential upside of 47% from current levels. Ives said that Apple's upcoming WWDC event on June 10 represents its "most important event in a decade" as the company gears up for a slew of AI announcements. "Introducing AI to its all-important developer community and laying the foundation for bringing generative AI to the consumer starts with Apple in our view," Ives said, adding that he expects the iPhone maker to announce a partnership with OpenAI. "We also believe Apple will lay the foundat
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