Apple reiterated as Top Pick at BofA , 'AI enabled upgrade is coming'
) as a top pick, maintaining a"Buy" rating and a price target of $230 on the stock in a note Wednesday.
With a vast installed base of over four billion smartphones, they anticipate this upgrade cycle to be a once-in-a-decade event. IntelliPhones are expected to leverage advanced AI and machine learning to offer features such as superior personal assistance, language processing, health monitoring, enhanced photography, and AR/VR experiences.
Furthermore, the bank says IntelliPhones will dominate edge AI, benefiting from their portability, ubiquity, and integrated sensors. This evolution is poised to transform various sectors, with AI agents mimicking roles like travel agents and health experts, creating new monetization opportunities.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wednesday's analyst calls: United Airlines gets an upgrade, Apple a top pickUnited Airlines and Apple were among the stocks being talked about by analysts on Wednesday.
Read more »
BofA expects Apple 'to be a net beneficiary of AI at the edge'BofA expects Apple 'to be a net beneficiary of AI at the edge'
Read more »
Kendrick Lamar in Top 10, Shaboozey in Top 5 on TikTok Billboard Top 50 ChartKendrick Lamar enters the Top 10 of the TikTok Top 50, but is Lay Bankz going to keep her No. 1 spot for a fourth week? Keep watching to learn more!
Read more »
Taylor Swift Lands in Top 5, Phoebe Bridgers in Top 10 on TikTok Billboard Top 50On this week's TikTok Top 50, we have Taylor Swift coming in hot in the Top 5, Phoebe Bridgers & Shaboozey in the Top 10, but who's in No.1? Keep watching to find out more!
Read more »
2024 NBA Draft No. 1 pick odds: Alexandre Sarr favored to be first pickWill the Atlanta Hawks use the No. 1 pick on another lengthy Frenchman, similar to San Antonio last season? Check out what the odds say.
Read more »
Breaking down all the Browns draft picks: Orange and Brown TalkMary Kay Cabot, Ashley Bastock and Dan Labbe discuss the Browns draft class pick by pick.
Read more »