Apple's iPhone AI Moment 'Now Here For Cook,' Says Tech Bull: Cupertino And Microsoft Set To Hit $4 Trillion Market Capitalization By This Year
Portfolio Pulse from Rounak Jain
Wedbush analyst Dan Ives predicts that Apple Inc. (NASDAQ:AAPL) and Microsoft Corp. (NASDAQ:MSFT) could cross the $4 trillion valuation mark over the next year, driven by AI advancements. Ives raised his price target for Apple to $275, citing the upcoming WWDC event and the iPhone 16 launch as key catalysts. He also expects Microsoft's shares to surge by over 25%, driven by its AI-capable hardware.
May 25, 2024 | 3:21 am
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Wedbush analyst Dan Ives raised his price target for Apple to $275, driven by anticipated AI announcements at the upcoming WWDC event and the iPhone 16 launch. Positive supply chain checks also support a strong iPhone upgrade cycle.
The raised price target and positive outlook on AI integration and iPhone 16 launch are likely to boost investor confidence and drive short-term stock price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Dan Ives predicts Microsoft's shares could surge by over 25% in the next year, driven by its advancements in AI-capable hardware, such as the Surface notebooks.
The positive outlook on Microsoft's AI advancements, particularly in hardware, is likely to attract investor interest and drive short-term stock price gains.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80