Oddbean new post about login | logout Apple at all-time high after Morgan Stanley calls stock 'top pick' for AI efforts https://yakihonne.s3.ap-east-1.amazonaws.com/ad6a909b8dfd6e278f94881d83dbd5ad5f9260c7502175059b29042e589fb93c/files/1721135983931-YAKIHONNES3.jpg Apple's shares rose 2.5% to a record high on Monday after Morgan Stanley raised its price target on the iPhone maker's shares and designated the stock as a "top pick," citing the company's AI efforts as a boost to device sales.
Morgan Stanley cited Apple's AI efforts as a boost to device sales and mentioned that the new technology, called Apple Intelligence, is compatible with only 8% of iPhone and iPad devices. However, with 1.3 billion units of smartphones currently in use by customers, the analysts believe that Apple could sell nearly 500 million iPhones over the next two years
