Stocks
Apple's Quiet AI Play: A $363.99 Price Target and a Huge Advantage
Apple's AI ambitions often get overlooked in favor of hyperscalers like Microsoft and Alphabet. However, the tech giant has been quietly making strides in artificial intelligence with its custom silicon and Siri AI capabilities.
The company boasts an impressive 2.5 billion active devices, providing a vast distribution layer for AI-powered services.
According to 24/7 Wall St., Apple's stock price is expected to reach $363.99 over the next 12 months, representing an upside of 11.87% from its current price of $325.81.