2024-06-22 11:50:02 ET
Apple (NASDAQ: AAPL) stock has finally joined the artificial intelligence (AI) race .
Announcing a tie-up with OpenAI earlier this month, the iEverything giant said it will integrate ChatGPT artificial intelligence into future high-end models of its iPhones, iPads, and Mac computers. The stock is up roughly 9% already in response to the news, and according to wealth management firm Bernstein, Apple could be worth even more.
On Friday, Bernstein raised its price target on Apple stock to $240 a share, implying a 15% price gain over the next 12 months.
For further details see:
Is Apple Stock Going to $240? 1 Wall Street Analyst Thinks So.