Apple Stock Gets AI Boost Ahead of WWDC
Apple shares rose 0.8% to $310.71 Wednesday, lifting its market cap near $4.58 trillion, as investors focused on iPhone and services strength ahead of June’s Worldwide Developers Conference. BofA raised its price target to $380, citing potential AI-driven revenue. Microsoft and Nvidia fell while Alphabet gained. Apple trades at about 37.6 times earnings, raising stakes for upcoming AI announcements.