Morgan Stanley names Apple its top pick for AI efforts, raising price target and shares.

Morgan Stanley, a major financial institution, has named Apple its "top pick" for AI efforts, increasing Apple's shares by 2% on Monday. The investment bank raised its price target on Apple's stock, reflecting its optimism about the company's potential in the rapidly growing AI market. This endorsement signals that Morgan Stanley sees Apple as a significant player in the sector.

July 15, 2024
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