Apple (AAPL) shares are trading higher after Bank of America reiterated it as a top pick, maintaining its Buy rating and price target of $230. Yahoo Finance’s Dan Howley breaks down what to expect from the company’s upcoming Worldwide Developers Conference.
Howley notes that investors want to hear more about Apple’s AI initiatives, as the company has arrived relatively late to the AI race. However, Howley explains that the tech giant is most likely taking its time with its AI products, as companies like Google are currently dealing with the fallout from the unintended consequences of AI search engines.
"Apple is all about fit and finish. It’s all about delivering a product that people love, and if they flub that, I think that would be a bigger problem than not having anything at all," Howley says.
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