Lates News

Apple's stock price has fallen, and Wall Street remains concerned about its growth prospects and its position in the field of artificial intelligence. Needham has downgraded the stock from "buy" to "hold," becoming the latest company to take a cautious view of Apple. Analyst Laura Martin believes the company faces numerous risks, including competitive risks, soft growth trends, and "overvaluation from multiple indicators." "For this stock to rise, there must be an iPhone replacement cycle as a catalyst, and we do not expect to see this happening in the next 12 months," Martin wrote, adding that innovations in generative artificial intelligence - an area where Apple has been lacking - "have opened the door to new hardware forms that could threaten iOS devices."