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Apple's stock rose 4% on strong iPhone 17 demand, boosting tech markets and Wall Street records.
Apple's stock rose over 4% amid strong early demand for the iPhone 17, particularly the $799 model, with production increases and extended shipping times signaling robust consumer interest.
Analysts at Wedbush raised their price target to $310, citing a 10% to 15% sales boost over last year’s launch and a 20% production rise.
Despite a neutral rating from Jefferies and concerns over market saturation and valuations, investor confidence grew, contributing to a broader tech rally.
Wall Street hit record highs, fueled by Nvidia’s potential $100 billion AI investment with OpenAI, merger activity, and expectations of further Federal Reserve rate cuts.
Las acciones de Apple subieron un 4% debido a la fuerte demanda del iPhone 17, impulsando los mercados tecnológicos y los récords de Wall Street.