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Benzinga

Benzinga

Apple will be the first company to reach a $4 trillion market cap, says Wedbush analyst

Benzinga
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Wedbush Securities analyst Dan Ives predicts Apple will be the first company to reach a $4 trillion market cap.

He says the company is positioning itself for a significant market cap milestone as it plans to integrate new AI features and capitalize on a potential iPhone “supercycle,” according to Ives .

The analyst’s bullish outlook is contingent on the successful integration of AI capabilities and the continued strong demand for iPhones .