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Apple Stock Hits Record High Amid AI Speculation

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Apple Stock Hits Record High Amid AI Speculation

B
Benzinga

94 Views • Dec 19, 2024

Description

Apple stock reached a record high on Monday, closing over $250, up over 50% from its April lows. Optimism about future AI growth and iPhone sales remains strong, despite underwhelming reviews about Apple Intelligence. Analysts predict a potential AI-driven revenue boost with the iPhone 17 launch in 2025. Apple's services business is expected to provide stability amid lagging iPhone sales. Analysts project continued growth for Apple, with a price target of $265.