From Nasdaq: 2024-06-13 11:34:43

Shares of Apple (NASDAQ: AAPL) surged after the launch of Apple Intelligence, a suite of generative AI tools including content and image generation. The move is aimed at boosting iPhone upgrades and service segment revenue, with Bank of America reiterating a buy rating and $230 price target for the stock.

While Apple had lagged in the AI race, the Apple Intelligence launch highlights the power of its massive ecosystem with over 2 billion devices. This could drive the upgrade cycle and support long-term gains for the stock. Consider investing in Apple or explore other high-growth stock opportunities for potential returns.



Read more at Nasdaq: 1 Wall Street Analyst Says Apple Could Hit $230. Is It a Buy?