Investment firm Wedbush is bullish on Apple AI and its effect on iPhone 16 sales, suggesting it will drive a supercycle going into 2025.
Wedbush has been praising Apple’s initiatives, with comments about Apple Vision Pro being a push into AI and telling investors not to worry about China sales.
In the latest note seen by AppleInsider, Wedbush raises its price target again from $250 to $275. It bases its bullish stance on Apple’s expected AI push in the second half of 2024.
