Apple surges with iPhone 16 success and AI expansion plans

On November 29, Wedbush Securities principal analyst Daniel Ives maintained a “Buy” rating on Apple and set a price target of $300.00. According to Ives, iPhone 16 sales have met or exceeded global expectations.

Insider Monkey:
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The anticipated launch of Apple Intelligence in China and other markets, supported by a soon-to-be-announced Chinese technology partner, will potentially boost Apple’s competitive position. The company plans to release version 18.2 of its software next week, introducing key AI features such as ChatGPT integration. The firm expresses confidence in the company’s trajectory.

Overall AAPL ranks 1st on our list of the trending AI stocks this weekend.

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MacDailyNews Take: Apple stock hot a new all-time intraday high in Monday morning trading.

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