Reported 4 months ago
Apple has been reiterated as Bank of America's top pick with a Buy rating and a price target of $230, with a focus on expected AI upgrades at the upcoming Worldwide Developers Conference. Despite being late to the AI race, Apple is taking its time to ensure a quality product release, contrasting with companies like Google dealing with AI search engine consequences. Analysts are optimistic about the potential of AI-enabled phones as a new driver for smartphone sales, although the impact on demand remains uncertain. The Worldwide Developers Conference is seen as crucial for Apple to showcase its software capabilities and potentially regain its technological edge in the AI space.
Source: YAHOO