Reported 8 days ago
Warren Buffett, traditionally known for his investments in simple businesses, has significantly invested in Apple, constituting about 30% of Berkshire Hathaway's portfolio. Dan Ives of Wedbush Securities has set a $300 price target for Apple stock, suggesting a potential 32% upside as economic conditions improve and Apple's new iPhone 16 launches. With its new collaboration with OpenAI, analysts predict a 'supercycle' for Apple, marking a potential growth phase driven by AI innovations.
Source: YAHOO