Prediction: This Tech Stock Could Take Off After the iPhone 16 Launch (Hint: It's Not Apple)
Apple points out that its latest smartphones are "built for Apple Intelligence." To make that happen, the company developed a new smartphone chip -- the A18. The iPhone 16 and the iPhone 16 Plus will be powered by the A18 chip, while the Pro and Pro Max versions will have the A18 Pro chip inside them.
Apple Inc. (AAPL): Analysts Update Coverage on iPhone 16 and AI Integration
Investor Sentiment: The positive reception of Apple’s AI enhancements and new product features suggests strong potential for driving future revenue and expanding market share. However, the range in target prices indicates differing views on how these developments will impact the company’s short-term and long-term performance.
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Shares fell 3% by midafternoon, wiping out roughly $96 billion in market capitalization, though Apple comfortably remains the ...
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