From Nasdaq: 2024-06-12 14:14:12

Apple’s stock surged by 5.3% on Wednesday and continued to climb, up 4.9% as of midday. Investors eagerly awaited details from Apple’s WWDC on generative AI.
Analysts remained optimistic, projecting a new upgrade cycle driven by Apple Intelligence. Estimates suggest many iPhone users may upgrade to the iPhone 16, potentially sparking a supercycle.
Despite economic challenges, Apple stock has a strong track record, with gains outperforming the S&P 500. Investors may want to consider other top stock picks for potential returns.
Bank of America analysts believe Apple’s generative AI plans will drive future demand. Stock Advisor offers a blueprint for successful investing, featuring regular analyst updates and top stock picks.



Read more at Nasdaq: Why Apple Stock Popped (Again) Wednesday Morning