Apple stock has 17% upside because the AI revolution will have to run through its hardware, Wedbush says
Apple Intelligence at Apple WWDC 2024
Apple
- Apple's upcoming AI upgrade will trigger a surge of app interest, Wedbush Securities said.
- Its new Apple Intelligence will make the firm the "gatekeeper" of AI customers, the note said.
- Meanwhile, the iPhone 16 upgrade will prompt an upgrade cycle this fall.
Apple will soon hold the keys to the AI consumer, as its upcoming software bridges developers with billions of Apple customers, Wedbush Securities wrote on Monday.
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