Apple's stock price hit a new high recently due to Bank of America's upgrade rating, mainly due to its AI-powered iPhone and future development strategy. Analysts are optimistic about Apple's use of artificial intelligence technology to improve user productivity, and predict that Apple will focus on software development in 2024 and achieve equal emphasis on software and hardware in 2025. The stock price rise reflects the market's confidence in Apple's future profitability.
Apple iPhone shares hit new highs after Bank of America upgraded its rating. Analyst Wamsi Mohan pointed out that the engine AI-driven iPhone and data quality will improve user productivity. Apple plans to focus on software in 2024 and achieve both hardware and software development in 2025. Bank of America is optimistic about Apple's future profitability and believes that the iPhone powered by AI engine is a key factor.
Bank of America's positive rating and analysts' optimism about the AI-powered iPhone indicate that Apple's layout in the field of artificial intelligence will play a crucial role in its future development. Apple's future development strategy is expected to continue to drive the growth of its stock price.