Apple Stock Update: New AI Chip News Sparks Bull-Bear Battle for $AAPL
Apple stock traded around $247 on Oct. 16, down nearly 1% from the previous close. Shares briefly rallied after Apple launched M5 chip-based MacBook Pro, iPad Pro, and Vision Pro Gen2 on Oct. 15, but slipped as profit-taking hit tech stocks. Wall Street targets range widely, with Wedbush at $310 and Jefferies at $205. Apple’s Q3 revenue rose 10% to $94 billion, beating estimates.