AAPL is trading at $263.71 (+3.1%) as shares rebound from recent declines, with Wedbush calling the pullback over AI worries unwarranted.
- Wedbush reiterated its Outperform rating and $350 price target, noting that advanced AI features remain on track for a summer launch.
- Recent selling pressure was driven by NAND flash price hikes and Apple Intelligence 2.0 delays, which analysts view as temporary headwinds.
- Long-term upside remains supported by robust services growth and strategic AI partnerships.