Apple Unveiling AI Strategy At WWDC 2024 Will Be A 'Watershed Moment,' Says Wedbush's Dan Ives: Stock Could Go 'Massively Higher' To $250
Portfolio Pulse from Ananya Gairola
Wedbush analyst Dan Ives predicts Apple Inc. (AAPL) stock could soar to $250 with the unveiling of its AI strategy at WWDC 2024. Despite a 9% revenue decline from key supplier Foxconn and job cuts, Ives sees the AI strategy as a pivotal moment for Apple, potentially driving significant stock growth.
April 06, 2024 | 1:19 am
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Apple Inc. is expected to reveal its AI strategy at WWDC 2024, a move that could significantly boost its stock price, according to analyst Dan Ives. Despite recent challenges, the focus on AI is seen as a pivotal moment for the company.
Dan Ives' prediction of Apple's stock reaching $250 is based on the anticipated unveiling of its AI strategy at WWDC 2024. This strategic move is expected to be a significant growth driver for Apple, despite recent challenges such as Foxconn's revenue decline and job cuts. The focus on AI is seen as a critical pivot for Apple, aligning with industry trends and potentially opening new revenue streams.
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