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Apple Stock Primed for AI-Driven Rally as iPhone 17 Sparks Demand Surge
Apple Stock Primed for AI-Driven Rally as iPhone 17 Sparks Demand Surge
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After a rocky start to 2025 that saw Apple shares plunge nearly 30%, the tech giant has mounted a 50% rebound since April lows. The turnaround coincides with the iPhone 17 launch, which lacks full AI capabilities but has nonetheless ignited what analysts describe as a 'buying frenzy.' Bank of America and JPMorgan both report uncommonly strong demand for the new device.
Top-performing investor James Brumley, ranked in TipRanks' top 1%, sees Apple's second-generation AI strategy as transformative. 'The initial consumer-facing AI efforts fell flat, but this iteration shows real promise,' he notes. The company's stock now appears positioned to capitalize on both hardware upgrades and impending software enhancements.
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