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Apple Inc. has reached a new all-time high in its stock price at $235, driven by multiple analyst upgrades and increased price targets. Morgan Stanley raised its price target for Apple to $273 from $216, citing AI-driven enhancements in iPhone and iPad sales as key factors. Loop Capital also upgraded Apple to Buy, raising its price target to $300 from $170. The upgrades reflect strong expectations for Apple's AI capabilities to boost its market performance, with projections of nearly 500 million iPhone shipments over the next two years. The stock's recent performance has been bolstered by the anticipation of AI-powered features in upcoming products, positioning Apple as a top pick among tech stocks.
A judge rejected Workday's bid to dismiss a proposed class action claiming its AI powered software to screen job applicants bakes in existing biases. The ruling said Workday can be considered as an employer by federal laws banning workplace discrimination https://t.co/ytmW2yseWZ https://t.co/oIyObGFd4L
$AAPL hitting an all-time high today after Morgan Stanley upgraded the company to its #1 IT hardware pick. Erik Woodring gives his bull case: https://t.co/mCjZsqseCK
OpenAI whistleblowers ask SEC to investigate restrictive non-disclosures; Workday must face a novel bias lawsuit over AI screening software and Milberg skirts sanctions over fake claims in credit card fees case. Subscribe to The Afternoon Docket: https://t.co/7MBq7kb0A7 https://t.co/L4AVyc48ng