iPhone 16 demand driven by AI induces Wedbush to hike Apple stock target

Investment firm Wedbush is bullish on Apple AI and its effect on iPhone 16 sales, suggesting it will drive a supercycle going into 2025. iPhone 16 sales could be driven by AI demand Wedbush has been praising Apple's initiatives, with comments about Apple Vision Pro being a push into AI and telling investors not to worry about China sales.In the latest note seen by AppleInsider, Wedbush raises its price target again from $250 to $275. It bases its bullish stance on Apple's expected AI push in the...