Apple (AAPL) is attempting to break even higher.
Last trading at $191.04, we’d like to see it retest resistance around $199. All as the company nears its artificial intelligence announcement with OpenAI, June 10 to 14 at Apple’s Worldwide Developers Conference (WWDC).
“Apple is likely to unveil AI that works better on the higher end of the iPhone line, reducing latency and improving security. Don’t forget, the iPhones bought in the Covid surge are turning 4 years old now and the base is about to get a big nudge,” Melius Research’s Ben Reitzes said, as quoted by Barron’s. The analyst also has a buy rating on AAPL with a $227 price target.