Reported about 20 hours ago
Wells Fargo analyst Aaron Rakers has reiterated an Overweight rating on Apple Inc. (NASDAQ:AAPL) with a price target of $245. This follows Apple's announcement to increase its U.S. investment by $100 billion over the next four years, bringing the total to $600 billion. The investment will support multiple suppliers, including significant deals with Corning and Coherent, as well as enhancements to Apple's data center capacity across several states. Analysts interpret this move as a strategy to mitigate potential tariff impacts, particularly in the semiconductor sector.
Source: YAHOO