Close Menu
  • Home
  • India
  • World
  • International
  • Sports
  • Finance
  • Tech
  • Health
  • More
    • About Us
    • Cookie policy
    • Contact Us

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Taylor Swift Breaks The Internet With Podcast Appearance

August 19, 2025

Indian Astronaut Shares Amazing Space Secrets with PM Modi

August 19, 2025

India’s 100-Day Economic Revolution Begins: Here’s What Changes You’ll See First

August 19, 2025
Facebook X (Twitter) Instagram
Trending
  • Taylor Swift Breaks The Internet With Podcast Appearance
  • Indian Astronaut Shares Amazing Space Secrets with PM Modi
  • India’s 100-Day Economic Revolution Begins: Here’s What Changes You’ll See First
  • Varanasi Unveils India’s First Removable Solar Panels Between Railway Tracks
  • India to Launch First Hydrogen-Powered Train by End of 2025
  • Samsung Starts Manufacturing Laptops in India – Boost to Make in India
  • Paying Too Much for OTT? Indians Are Using This Smart Trick to Save ₹10,000 a Year
  • South Korea’s Workcation Visa for Indians: Earn ₹58L+ & Live in K-Drama Land for 2 Years!
Facebook X (Twitter) Instagram
dailybharat
  • Home
  • India
  • World
  • International
  • Sports
  • Finance
  • Tech
  • Health
  • More
    • About Us
    • Cookie policy
    • Contact Us
dailybharat
Home»Finance»Apple stock touches intraday high after nod of confidence from Wall Street
Finance

Apple stock touches intraday high after nod of confidence from Wall Street

DB BureauBy DB BureauDecember 27, 2024No Comments1 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
apple share
Share
Facebook Twitter LinkedIn Pinterest Email

Apple (AAPL) stock hit an all-time intraday high Thursday after a nod of confidence in its continued upswing from Wall Street.

Wedbush analyst Dan Ives raised his price target on Apple shares to a new Street high of $325, anticipating “a golden era of growth” for the Tim Cook-helmed tech giant in 2025.

“We believe Apple is heading into a multi-year AI driven iPhone upgrade cycle that is still being underestimated by the Street,” wrote Ives, continuing, “Rome wasn't built in a day and neither will Apple's AI strategy but the seeds of that strategy with Apple Intelligence are now forming and will transform the Apple consumer growth narrative over the coming years.”

Apple stock touched $260 early Thursday — a record intraday high — before modestly paring gains. The stock still notched its latest record close, as shares edged up 0.3% on Thursday to $259. Shares have rallied more than 11% over the past month, and the iPhone maker is nearing a $4 trillion market cap.

Apple is closing 2024 on a winning streak after a tough start to the year. It faced struggling iPhone sales, rising competition in China, and clashes with antitrust regulators at home and abroad. Early data from the initial rollout of Apple’s iPhone 16 lineup didn’t do much to bolster Wall Street’s confidence, with investment firm Jefferies issuing a rare downgrade on the stock.

Other analysts, Ives included, stayed bullish on the stock as more positive iPhone shipment data engendered confidence in Apple’s artificial intelligence strategy for its consumer devices. Apple’s fourth quarter earnings report in early November showed the tech giant beating expectations on iPhone sales despite missing estimates overall.

Shares began to climb in early November to new highs as Apple unveiled its new MacBook Pro lineup and, in mid-December, added ChatGPT and other Apple Intelligence AI features for the iPhone, iPad, and macOS. Apple has outperformed several of its so-called Magnificent Seven peers over the past month. While Apple shares have gained more than 11% during that time frame, Meta (META) rose 6.7%, Microsoft (MSFT) climbed 4.4%, and Nvidia (NVDA) popped 1%.

Still, macroeconomic uncertainty could create headwinds for Apple. Trump’s tariffs on China could impact prices for Apple products assembled in the country, with the worst-case scenario adding $256 of cost per iPhone. The US Federal Reserve’s projection that it would lower interest rates less than expected in 2025 also caused fears of persistent higher rates and sticky inflation, dampening consumer confidence heading into the new year.

This article was originally published on Yahoonews.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
DB Bureau
  • Website

Related Posts

UPI down: NPCI issues official statement, explains reason behind brief outage

March 27, 2025

Jio, Airtel, And BSNL Users Are Now Free To Make 4G Calls On all Network: Here’s How It Works!

January 22, 2025

Hindenburg Research founder, CEO Nate Anderson could be charged with securities fraud: Report

January 20, 2025
Leave A Reply Cancel Reply

Taylor Swift Breaks The Internet With Podcast Appearance

August 19, 2025

Indian Astronaut Shares Amazing Space Secrets with PM Modi

August 19, 2025
Top Posts

Best Car For Long Drive 2024 (Check Full List)

August 26, 202423

MuscleBlaze: A Benchmark in Whey Protein Excellence

January 8, 202520

Noel Tata appointed chairman of Tata Trusts: Continuing Ratan Tata’s Legacy at Tata Trusts

October 14, 202417

Bangladesh PM to Resign? Sheikh Hasina Evacuates Dhaka Palace for ‘Safer Haven’

August 5, 202417
Don't Miss
Entertainment

Taylor Swift Breaks The Internet With Podcast Appearance

By DB BureauAugust 19, 2025

Global music star Taylor Swift recently appeared on a podcast. It was not just any…

Indian Astronaut Shares Amazing Space Secrets with PM Modi

August 19, 2025

India’s 100-Day Economic Revolution Begins: Here’s What Changes You’ll See First

August 19, 2025

Varanasi Unveils India’s First Removable Solar Panels Between Railway Tracks

August 19, 2025
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

News

  • Home
  • India
  • World
  • Business
  • Entertainment
  • Health
  • Travel

Company

  • Privacy policy
  • About us
  • Advertising
  • Information
  • Contact Info
  • Media Kits

Latest Stories

Taylor Swift Breaks The Internet With Podcast Appearance
Indian Astronaut Shares Amazing Space Secrets with PM Modi
India’s 100-Day Economic Revolution Begins: Here’s What Changes You’ll See First
© 2025 Dailybharat.All Rights Reserved.
  • About us
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.