Apple CEO John Ternus Has a Big AI Opportunity: BofA Sees ‘Device Dominance' Ahead, Eyes Nearly 20% Upside for AAPL

Apple CEO John Ternus Has a Big AI Opportunity: BofA Sees ‘Device Dominance' Ahead, Eyes Nearly 20% Upside for AAPL

Apple Inc. (NASDAQ: AAPL ) CEO John Ternus is positioned to secure the tech giant’s “device dominance” as the artificial intelligence revolution accelerates, according to BofA Securities , which reiterated a Buy rating and a $380 price target, pointing to nearly 20% upside for AAPL stock.

Sustaining Apple’s Core BofA analyst Wamsi Mohan reaffirmed a highly positive outlook on Apple amid its Sept. 1 leadership transition. The research firm predicts Ternus will successfully preserve “much of the core of Apple” built during Tim Cook’s 15-year tenure. Cook drove Apple’s market capitalization growth at a rate of roughly $32 million per hour, helping to establish a $4.5 trillion institution. BofA emphasized that “strong capital returns support the reitera...